Jim Chanos on Lehman

Jim Chanos is famous for having seen the writing on the wall at Enron and WorldCom when most people were still buying stock in these now inf...

The latest news on the investment banks

If you're tuned into the news these days, you probably have heard today that the SEC has charged Goldman Sachs with fraud regarding the ...

Lehman not the only firm using the repo markets to obscure risk levels

According to the WSJ , the Federal Reserve Bank of New York has released data showing that several major banks masked their risk levels over...

Director Sought for Financial Reporting Fraud Resource Center

The PCAOB is looking for a director for its planned Financial Reporting Fraud Resource Center.  According to the Journal of Accountancy : “T...

Scammers Taking Advantage of Confusion About Health Care Bill

According to an article by The Associated Press , scammers are trying to cash in on confusion about the new health care legislation. Given t...

"Enron: The Smartest Guys in The Room," to premiere on CNBC tonight

Tonight (April 1) at 9pm ET, CNBC will premiere a documentary on the Enron fraud.  The Enron story continues to be relevant, as the Supreme ...