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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (9662)	1/10/2002 5:25:08 PM
From: Oral Roberts	Respond to of 23786

Are they public and should we be looking to short?

To: Original Mad Dog who wrote (9662)	1/10/2002 6:05:50 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 23786

And they paid for it..this was from June 2001 Arthur Andersen fined $7 million by SEC for audits Reuters, 06.19.01, 1:14 PM ET WASHINGTON, June 19 (Reuters) - Arthur Andersen LLP, one of the world's largest accounting firms, agreed to pay $7 million to settle federal charges it filed false and misleading audits of Waste Management Inc. (nyse: WMI - news - people), regulators said on Tuesday. The fine was the largest-ever civil penalty against a Big 5 accounting firm, said the Securities and Exchange Commission in announcing the settlement against Arthur Andersen and four of its current or former partners. The firm could not immediately be reached for comment. It did not admit or deny the charges. The SEC claimed that Arthur Andersen issued "clean" opinions about Waste Management's financial statements, which overstated the Houston-based trash hauler's pre-tax income by more than $1 billion. The audit reports falsely stated that the statements had been prepared using generally accepted standards, the commission added. "Arthur Andersen and its partners failed to stand up to company management and thereby betrayed their ultimate allegiance to Waste Management's shareholders and the investing public," said Richard Walker, the SEC's top cop. REUTERS