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Monthly Archives: September 2009

OECD Global Forum consolidates tax evasion revolution

News release: “Representatives from the Forum which now numbers almost 90 jurisdictions around the world and a host of International Organisations gathering in Mexico, took concrete steps to empower the Global Forum to play the leading role in the global campaign to fight tax evasion. Building on the extraordinary progress made in the last few… Continue Reading

Executive Summary, Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme

Report of Investigation, United States Securites and Exchange Commission Office of Inspector General, Case No. OIG-509 Investigation of Failure of the SEC To Uncover Bernard Madoff’s Ponzi Scheme, August 31, 2009. Executive Summary: “The OIG investigation did not find evidence that any SEC personnel who worked on an SEC examination or investigation of Bernard L.… Continue Reading

Justice Department Announces Largest Health Care Fraud Settlement in Its History

News release: ” American pharmaceutical giant Pfizer Inc. and its subsidiary Pharmacia & Upjohn Company Inc. (hereinafter together “Pfizer”) have agreed to pay $2.3 billion, the largest health care fraud settlement in the history of the Department of Justice, to resolve criminal and civil liability arising from the illegal promotion of certain pharmaceutical products, the… Continue Reading

Bureau of Justice Statistics: Criminal Victimization, 2008

Criminal Victimization, 2008 – “Presents the annual estimates of rates and levels of personal and property victimization and describes the year-to-year change from 2007 as well as trends for the ten-year period from 1999 through 2008. The National Crime Victimization Survey (NCVS) collects information on nonfatal crimes, reported and not reported to the police, against… Continue Reading

Key Issues in Modernizing the U.S. Freight-Transportation System for Future Economic Growth

Fast-Forward: Key Issues in Modernizing the U.S. Freight Transportation System for Future Economic Growth, by Richard Hillestad et al. “Efficient movement of freight within the United States and across its borders is a critical enabler of future U.S. economic growth. The authors discuss the role of the freight-transportation system in the supply chains of various… Continue Reading

FASB Issues Exposure Draft for Proposed Accounting Standards Update, Improving Disclosures about Fair Value Measurements

News release: “The Financial Accounting Standards Board (FASB) has issued an Exposure Draft (ED) of a proposed Accounting Standards Update intended to improve disclosures about fair value measurements. The proposed Update would improve Fair Value Measurements and Disclosures—Overall Subtopic (Subtopic 820-10) of the FASB Accounting Standards Codification™, originally issued as FASB Statement No. 157, Fair… Continue Reading