Facing more than three dozen counts of fraud and other crimes related to Enron’s 2001 collapse, Jeffrey Skilling has now been ordered to quit drinking, told to enter a rehab program and given a curfew by a federal judge.Skilling, 50, and his wife were involved in an April 9 melee in New York City, during which he accused other bar patrons of being FBI agents, attempted to pull the license plate off a car and lifted the shirt of a woman to see if she was wearing a wire.

The retrial of Frank P. Quattrone suggests that prosecutors are focusing on the cover-up of the crime rather than the crime itself.Rather than mire a jury in the complexity of financial transactions and other details, prosecutors are filing charges connected with the straightforward question of whether the defendant lied to the government or hindered its investigation, the New York Times reported.

FIRSTGlobal InvestigationsSM, a division of BDO Seidman LLP, today announced the rollout of the Critical Anti-fraud Procedures (CAP) Programs. This new service offering is responsive to the heightened awareness in corporate America, and specifically at the board level, of the need to take a pro-active approach to preventing corporate fraud.

A study conducted by KPMG has revealed some interesting information about the typical perpetrator of a fraud, why they steal and who they target. Seventy-two percent of cases involve men only. Over half of company fraud involves two to five people. Forty percent of fraud involves employees from the finance department.The analysis examines 100 of the fraud cases that KPMG has been called in to investigate over the past two years, from which a profile of a fraudster has been created.

Upholding a lower court ruling, the Delaware Supreme Court ruled on Thursday that HealthSouth’s founder and former chief executive Richard Scrushy must pay back a $25 million loan to the company.In July 2002, Scrushy repaid the loan using HealthSouth shares, which tanked just after the repayment when he warned of lower-than-expected profits and said he planned to reorganize the company, Reuters reported.The stock decline was the reason the company sued him after he was accused of being behind a $2.7 billion fraud, which he denies even though he faces 85 federal counts of fraud and cons

Another corporate official has pled guilty to charges related to accounting fraud. David Rivard, 36, former vice president of finance at Computer Associates, pleaded guilty yesterday morning in Federal District Court in Brooklyn.Rivard admitted to obstructing the government’s investigation of accounting irregularities at the company and conspiring to commit securities fraud, the New York Times reported. David Kaplan, a former senior vice president, and Ira H.

Eight people were indicted Thursday on federal charges of helping hundreds of rich Americans avoid $68 million in taxes through the use of domestic and offshore trusts.The 51-count indictment outlines a scheme to sell foreign and domestic trusts through The Aegis Co., based in the Chicago suburb of Palos Hills, the Chicago Tribune reported. About 650 wealthy Americans were involved in the scheme, which involved moving money out of businesses, into a business trust, to an asset management trust, and then to trusts in exotic locales or fake charitable trusts.

While the trial of former Tyco executives Dennis Kozlowski and Mark Swartz ended in mistrial last week, another high-profile Tyco trial is set to begin this month, with possible ramifications for Kozlowski and Swartz.Prosecutors in other white-collar cases such as Enron and WorldCom, have focused on making deals with lower-ranking executives to shore up their cases against the top officials.

With the atmosphere in the jury room described as “poisonous” and one juror under media fire for an alleged gesture made in court last week, calls for a mistrial in the trial of Dennis Kozlowski and Mark Swartz were denied yesterday by New York Supreme Court Justice Michael Obus.Kozlowski and Swarz face up to 30 years in prison if convicted on charges they looted Tyco International Ltd. of $600 million.