CARE TO CONTRIBUTE?
TIPS, COMMENTS and QUESTIONS are always welcome (and strictly confidential).
Contact The Daily Caveat via:
Or just
read the feed...
Previous Posts
- New Digs for The Daily Caveat
- Rudolph Elmer on Trial
- Sex By Surprise - Julian Assange Surrenders, Charg...
- Taken Aback By the Government's Insider Trading Pr...
- Corporate Crime Comics
- The Daily Caveat has moved...
- Goldman Sachs (Criminally) Probed
- Goldman Sachs Faces Fraud Charges from the SEC
- German Pensioners Jailed for Kidnapping and Tortur...
- Interfluidity - A Blog You Should KNow
- February 2005
- March 2005
- April 2005
- May 2005
- June 2005
- July 2005
- August 2005
- September 2005
- October 2005
- November 2005
- December 2005
- January 2006
- February 2006
- March 2006
- April 2006
- May 2006
- June 2006
- July 2006
- August 2006
- September 2006
- October 2006
- November 2006
- December 2006
- January 2007
- February 2007
- March 2007
- April 2007
- May 2007
- June 2007
- July 2007
- August 2007
- September 2007
- October 2007
- November 2007
- December 2007
- January 2008
- February 2008
- March 2008
- April 2008
- May 2008
- June 2008
- July 2008
- August 2008
- September 2008
- October 2008
- November 2008
- December 2008
- January 2009
- February 2009
- March 2009
- April 2009
- May 2009
- June 2009
- July 2009
- August 2009
- September 2009
- October 2009
- November 2009
- March 2010
- April 2010
- May 2010
- August 2010
- December 2010
- January 2011
- February 2011
4/16/2007
The Case for David Stockman
3/27/2007
Stockman Securities Fraud Charges Become Official
Former Collins & Aikman CEO Facing Criminal Charges
The Case for David Stockman
Reagan-era public official and former Collins & Aikman CEO, David Stockman isn't taking his recent indictment on fraud charges lying down. Calling the prosecution "amateur hour," Stockman spoke with the New York Times about how he plans to fight the fraud charges against him, charges that had loomed for months before a formal indictment was finally handed down.
-- MDT
-- MDT
Labels: Collins and Aikman, David Stockman, Fraud, indictment
0 Comments.
Post a Comment
Stockman Securities Fraud Charges Become Official
David Stockman, who served in the Reagan administration from 1981 to 1985, has been accused of perpetrating securities fraud. Stockman along with other executives of automotive manufacturer Collins & Aikman is accused of to mislead investors while inflating earnings. The fraud charges had been teased since at least late last year.
Stockman formerly served as chairman and chief executive Collins & Aikman and is also the co-founder of a private-equity firm - one of the largest shareholders in the auto-parts company.
Collins & Aikman itself has already reached settlements, with both the SEC and the U. S, Attorney for the Southern District of New York. The deal, announced earlier this week, allows Collins and Aikman to avoid prosecution and substantial fines.
Check out more on the Stockman indictment via the Chicago Tribune.
-- MDT
12/14/2006
Stockman formerly served as chairman and chief executive Collins & Aikman and is also the co-founder of a private-equity firm - one of the largest shareholders in the auto-parts company.
Collins & Aikman itself has already reached settlements, with both the SEC and the U. S, Attorney for the Southern District of New York. The deal, announced earlier this week, allows Collins and Aikman to avoid prosecution and substantial fines.
Check out more on the Stockman indictment via the Chicago Tribune.
-- MDT
Labels: accounting fraud, Collins and Aikman, David Stockman, SEC, securities
Former Collins & Aikman CEO Facing Criminal Charges
A former Michigan congressman and Reagan-era public official is facing a criminal indictment relating to his time as CEO of auto supplier Collins & Aikman. David Stockman became CEO of C&A in 2003, after having orchestrated a buyout of the firm in 2001.
Federal investigators are interested in a variety of perhaps overly optimistic statements Stockman made in 2005 about C&A's health in the months before the company declared bankruptcy. Stockman will also likely face an SEC probe into and civil charges arising from his activities during that time. It is thought Stockman may be indicted as soon as January '07.
More here.
-- MDT
Federal investigators are interested in a variety of perhaps overly optimistic statements Stockman made in 2005 about C&A's health in the months before the company declared bankruptcy. Stockman will also likely face an SEC probe into and civil charges arising from his activities during that time. It is thought Stockman may be indicted as soon as January '07.
More here.
-- MDT
Labels: Collins and Aikman, David Stockman, indictment, SEC
