Tyco Fraud in Georgia

Tyco International, Ltd. sells its wide variety of products, from healthcare products to electronics, worldwide. Former CEO L. Dennis Kozlowski, former CFO Mark Schwartz, and former legal counsel Mark Belnick were indicted on charges of fraud in 2002. They are accused of giving themselves (and certain other Tyco employees) low- or no-interest loans that they negated with unauthorized bonuses. Furthermore, they are accused of doctoring the company's accounting records and hiding their actions from Tyco's board of directors and shareholders alike. In an effort to preserve its business and image, Tyco has cleaned out its board and replaced Mr. Kozlowski as CEO. If you live in Georgia and the Tyco scandal has cost you investment money, please contact the Tyco fraud lawyers at Childers, Buck & Schlueter today.

WorldCom Fraud in Georgia

When WorldCom declared bankruptcy in July 2002, countless investors lost their savings. The telecommunications giant faced allegations that it altered account and transaction records and hid vast amounts of debt. Investors in WorldCom were unaware of its problems due to the accounting cover-up. Several former high-level executives have admitted guilt. If you live in Georgia and have lost money because of WorldCom, please contact the WorldCom fraud lawyers in Georgia at Childers, Buck & Schlueter today.

Enron Fraud in Georgia

Plagued by concealed debt, off-the-sheet balance transfers, accounting fraud, and grossly inflated profits, energy powerhouse Enron finally collapsed in December 2002 when it filed for bankruptcy. Thousands of Enron shareholders lost everything, including their retirement funds and life savings. It is strongly suspected that many of Enron's high-level executives were fully aware of the multi-level fraud-including the excessive bonuses they paid themselves with company funds-that had been going on for years. Enron's accounting firm, Arthur Anderson, LLP, was recently convicted of obstruction of justice for destroying important documents relevant to the case; the firm is also facing further charges. The Enron case is considered a landmark securities fraud case. If you live in Georgia and are a victim of the Enron scandal, please contact the Enron fraud lawyers in Georgia at Childers, Buck & Schlueter today.

iVillage Fraud in Georgia

iVillage is an online network for women, addressing issues from nutrition to parenting. From mid-1999 to mid-2000, iVillage stock price fell drastically. Nevertheless, a Merrill Lynch analyst, Henry Blodget continued to rate iVillage stock as a buy. Blodget is accused of inflating his iVillage rating, because Merrill Lynch wanted iVillage's investment banking business. If you lost money on iVillage stock, please contact the iVillage fraud lawyers at Childers, Buck & Schlueter in Georgia today.

Global Crossing Fraud in Georgia

Telecommunications company Global Crossing, which maintains a worldwide fiber optic network, filed for Chapter 11 bankruptcy in 2001. A year later, Gary Winnick, Founder and CEO, resigned amid allegations of securities fraud. He has been accused of selling his Global Crossing stock for $120 million before the company's bankruptcy, based on inside information. Global Crossing is currently rebuilding, but plans for compensating investors have not been made. If you have lost money due to the Global Crossing bankruptcy, please contact the Global Crossing fraud lawyers at Childers, Buck & Schlueter today.

InfoSpace Fraud in Georgia

InfoSpace, a wireless communications company, is facing charges of securities fraud. Former Chairman and CEO Naveen Jain allegedly offered his new employees stock options as part of their benefits package -- a perk intended to woo well-qualified people to the company. The catch was that they had to be employed by InfoSpace for at least one year in order to retain their stock. Jain is accused of firing the new employees before the year was up, thereby preventing them from receiving their stock options and saving InfoSpace money. Three employees have already sued, settled, and been compensated. Jain also allegedly used insider information to make $400 million by selling his stock before the telecom industry bust. If you have lost money on InfoSpace, please contact the InfoSpace fraud lawyers at Childers, Buck & Schlueter today.

Peregrine Systems Fraud in Georgia

San Diego based Peregrine Systems is a software company that provides consolidated asset and service management solutions. In May 2002, Peregrine Systems reported that it had made $100 million less than was originally stated on its earnings report. Peregrine Systems had used the same accounting firm as Enron, Arthur Anderson, LLP, which Peregrine fired before disclosing the accounting problems. Steve Gardner, former Chairman and CEO, and Matt Gless, former CFO, resigned. If you have lost money due to the Peregrine Systems scandal, please contact the Peregrine Systems fraud lawyers at Childers, Buck & Schlueter today.

Adelphia Communications Corp. Fraud in Georgia

Until June 2002, Adelphia Communications Corp., a cable communications company, appeared to be on a quick path to success. Adelphia was run by the Rigas family, members of which have since been charged with criminal and civil offenses, including securities fraud. Accounting irregularities, including inflated earnings and subscriber reports, hidden debt, and undisclosed loans, purchases, and illegal dealings, masked Adelphia's problems. The company eventually filed for bankruptcy. If you have lost money on the Adelphia scandal, please contact the Adelphia fraud lawyers at Childers, Buck & Schlueter today.

If you suspect that WorldCom fraud or Enron fraud has caused you financial loss, contact our stock fraud lawyers in Georgia.