Tricks Alleged in Ex-Kmart Execs' Case
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Another accounting sleight of hand has been exposed in the latest charges against former executives of Kmart Corp.: the allegedly premature booking of millions in promotional payments to the retailer from chips and soda suppliers.
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Beware the wily ways of credit card companies.
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Three former Kmart executives and representatives of several major vendors were charged on Thursday with fraudulently accounting for &#36;24 million of profit before the retailer filed for bankruptcy in 2002.
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The executives will stand trial on accusations they misled investors about KmartÂs financial problems before its 2002 bankruptcy filing.
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BIRMINGHAM, Ala. -- The defense in Richard Scrushy's corporate fraud trial sought to poke holes yesterday in the claims of a key witness who contends the fired HealthSouth chief executive was behind a scheme to overstate earnings.
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Some employees who stand to lose their jobs when Kmart Holding Corp. sells off stores to Home Depot and Sears may get some help when new store owners take over, company spokesmen said Monday.
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Security researcher Ben Edelman is not buying the softer side of Sears (or Kmart, for that matter) -- he and a CA senior engineer examined the chains' new ComScore-managed marketing program and discovered substantial privacy violations.
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December 03, 2004 - Five former executives from Kmart and its vendor companies settled Securities and Exchange Commission civil charges this week stemming from a $24 million accounting fraud they oversaw at the retail giant, the
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In a surprise move, Kmart Holding  Corp. KMRT.O on Monday named a new president and chief  executive, who analysts expected to create a glossier image for  the discount retailer.
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Two couples have been charged in a price-switching scheme that allegedly defrauded Wal-Mart stores in 19 states of &#36;1.5 million over the last decade.
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Kmart Holding Corp. may have found its best &quot;Blue Light Special&quot; ever: retailing rival Sears Roebuck &amp; Co. Still, many experts questioned whether the $11 billion buyout would keep the blue lights flashing
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Eddie Lampert, engineer of the Kmart-Sears merger, is as secretive as he is successful. Even Aylwin Lewis, the executive hired by Lampert last month to run Kmart, had no idea that his new
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HARTFORD, Connecticut  - Former executives at a reinsurance unit of billionaire Warren Buffett's Berkshire Hathaway Inc engaged in a fraud that misled investors in American International Group Inc , a U.S. prosecutor told jurors on Monday.
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A U.S. judge may be laying the  groundwork for a plea agreement or possible dismissal of a case  against 16 former KPMG  partners accused of creating  and marketing fraudulent tax shelters, legal experts said.
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Deleted messages from some senior executives are sought as evidence in AMD's antitrust suit.
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An investor has sued Children's Place Retail Stores Inc  and several of the company's executives, claiming executives hid information and misled investors.
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Eddie Lampert became a billionaire with his hedge fund. But combining Kmart and Sears may be his biggest challenge. By Ron Insana.