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Archive for November 14th, 2006

Prosecution Watch

Tuesday, November 14th, 2006

Jury finds Ahold exec guilty in $800MM fraud

Accounting scandal ends with a dozen guilty pleas and SEC settlements

10.09.06    Mark Kaiser, the former marketing executive of US FoodService, Ahold’s food distribution unit, has been found guilty by a federal jury of participating in an $800MM accounting fraud.

Kaiser was found guilty on all six charges of conspiracy, securities fraud, and making false filings. He faces a life in prison under federal sentencing guidelines.

Earlier in September, US FoodService’s former CFO Michael Resnick pleaded guilty to conspiracy charges

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Just as with the Y2K crisis of seven years ago, IT workers are being called upon to don superhero suits and save the enterprise from impending technology trouble. But this time, IT will be sifting through the complexities of the federal Sarbanes-Oxley Act of 2002

Public Companies over 75 million already need to comply by 12/15/2007...

Will your SMB be Ready?

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