Monthly Archives: April 2005

Arthur Andersen Settles Fraud Claim

Decimated auditing firm Arthur Andersen LLP paid $65 million Tuesday to settle claims that it should have sniffed out the record-breaking fraud at the telecommunications company WorldCom. The settlement brought to $6.13 billion the amount investment banks, auditors, and former board members of WorldCom have paid to settle historic class-action claims by angry investors in…
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