Bush anti-corruption chief accused of account fraud. President Bush's efforts to clean up corporate America were dealt an embarrassing blow last night when the man charged with leading his new anti-corruption task force was sued for alleged fraud.
Larry Thompson, who is also deputy attorney general, was accused of dubious accounting practices and insider trading while on the board of Providian, a credit card issuer that also operates in Britain. Judicial Watch, the self-styled watchdog that is also suing vice-president Dick Cheney for alleged accounting malpractice when he was chief executive of oil group Halliburton, filed the suit on behalf of a Texan shareholder in a San Francisco court. The suit alleges that Mr Thompson and other directors conspired to hide Providian's mounting losses in 2001, inflating the company share price. Mr Thompson sold more than �3 million of shares before the financial problems became public, it is claimed. He was a board director for four years from 1997. Mr Thompson's office was not available to comment last night. http://www.portal.telegraph.co.uk/news/main.jhtml?xml=/news/2002/08/15/wcorp15.xml&sSheet=/news/2002/08/15/ixworld.html ______________________________________________________________________ Your ad could be here. Monies from ads go to support these lists and provide more resources for the community. http://www.fusionauthority.com/ads.cfm Archives: http://www.mail-archive.com/[email protected]/ Unsubscribe: http://www.houseoffusion.com/index.cfm?sidebar=lists
