Articles

Ernst & Young faulted for relying on Madoff’s word, audits

Ernst & Young LLP erred by taking Bernie Madoff at his word when it signed off on audits of a fund that helped feed the biggest Ponzi scheme in U.S. history. The firm then stumbled by trusting the con man’s now-disgraced ex- accountant, a jury in the first trial of its kind was told.

Read More

US prosecutors probing UN have plenty of work, documents show

When U.S. federal prosecutors charged a senior United Nations official on Tuesday, it was the Justice Department’s first foray into the activities of the international organization in a number of years. The prosecutor behind the push says there’s more to investigate – and internal UN documents suggest he has a point.

Read More

Ernst & Young confronts Madoff’s specter in trial over audits

Ernst & Young LLP took Bernie Madoff at his word when it signed off on audits of a fund that helped feed the biggest Ponzi scheme in U.S. history. The firm must now defend that decision at the first trial of an auditor over losses tied to Madoff, who’s serving a 150- year prison term for stealing billions of dollars from thousands of investors.

Read More
shutterstock-225238105-2col.jpg

Consumers don’t have to wait for fraudulent charges

A recent ruling from the 7th Circuit Court of Appeals – the first to find that consumers do suffer harm when their credit card information is stolen – may be headed back to appellate court after the defendant retailer accused the judges of “loose thinking.”

Read More

Ruling on robocalls expected this week

After an extended wait, the FCC plans to issue a ruling this week that may put an end to robocalls, scam text messages and telemarketing calls to home phones. Unwanted calls and telephone harassment continue to be the most common complaint received by the Indiana Attorney General’s Office, reaching more than 13,000 filed complaints last year.

Read More