Waste Management Inc. (NYSE: WMI) Message Board

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Gold/Mining/Energy : Waste Management Inc. (NYSE: WMI)

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To: mmmary who wrote (87)	6/20/2001 7:11:56 AM
From: Wyätt Gwyön	of 97

SEC Fines Arthur Andersen $7 Million In Relation to Waste Management Audits interactive.wsj.com The Waste Management accounting scandal stands out for it size and breadth. After a board-led probe turned up years of questionable accounting, the company took a $3.5 billion charge in 1998, and since then the trash hauler and Arthur Andersen agreed to pay $220 million to settle shareholder litigation in the matter. The company admitted it had overstated its pretax earnings by $1.43 billion in 1992 to 1996 -- the biggest restatement in SEC history. Neither Waste Management nor any of its employees have been disciplined by the SEC. The SEC said Tuesday that the investigation is continuing.

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