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Bank Of America Investment Jeff Skilling, the former chief executive of Enron, has been charged with 42 counts of fraud, insider trading and giving false statements to auditors in a federal indictment released today. The indictment also includes new charges against former Enron chief accounting officer, Rick Causey, who pleaded not guilty to six fraud counts last month.

At that point, BOA employees called the police and Shinnick was arrested on fraud charges because the check was actually a phony.

Investment Opportunity The charges come after Mr Skilling, 50, surrendered himself to the FBI at their headquarters in Houston, Texas, accompanied by his lawyers.

Motorists looking to file fraudulent car insurance claims should beware, after a driver in New York was charged with insurance fraud, reports Only Finance.

Banc Of America Investment Citing personal reasons, Mr Skilling resigned from Enron in August 2001, four months before the company filed for bankruptcy. His abrupt departure from Enron marked the beginning of the end for the energy company that had won plaudits on Wall Street for its "innovative" financial practices.

Brown was one of 15 former HealthSouth executives who pleaded guilty to a variety of fraud charges after it was discovered that the company had been reporting inflated earnings for years. Forensic accountants working for HealthSouth's new management put the extent of the fraud at nearly $4 billion. Former HealthSouth Chief Executive Richard Scrushy, who had been accused of directing the fraud, in June was found not guilty of all charges by a Birmingham jury even though five former finance chiefs testified that he was aware of and involved in the bogus accounting.

Banking Investment Enron's collapse, the first in a series of financial scandals that rocked Wall Street and corporate America, also embarrassed the White House because of the company's close ties with the Bush administration. Enron, based in Houston, was a big contributor to Mr Bush's presidential election campaign.

Hurd lent his patent to boss John Bray, who charged royalties for other studios to use the process....an understandable business practice.

Investment Solution Strategic Mr Skilling is the most senior Enron executive so far to face criminal charges. He is the 28th individual to be charged in a two-year federal investigation, which passed its two-year mark last month.

When Dr. Jacobson was brought to trial, all he could be charged with was mail fraud and wire fraud. Why There were no laws in 1992 governing the practices of doctors or clinics in the area of artificial insemination. In the end he spent 5 years in a federal prison and had to pay fines in the amount of $75, 000. He also was ordered to reimburse patients a refund of $39, 205 for monies charged for his services.

Investment Banking Services In 2002, Mr Skilling maintained during testimony before two congressional panels that he believed Enron was financially healthy when he stepped down. Mr Skilling's former boss, Enron founder and former chairman Kenneth Lay, has not been charged.

Bank Investment Mr Skilling handed himself in just a month after former Enron finance chief Andrew Fastow pleaded guilty to two counts of conspiracy and agreed to help prosecutors. He is now out on bail pending formal sentencing and faces a maximum of 10 years.

Alternative Investment Mr Fastow, who was hired by Mr Skilling admitted that he and others manipulated Enron's books so the company would appear successful while using various partnerships to enrich himself, his family and chosen colleagues. When he was indicted on nearly 100 counts in October 2002, Mr Fastow's lawyers said he was hired to do off-the-books financing and that Enron's top brass approved and praised his work.

Online Investment Services A week after Mr Fastow's plea, former Enron chief accounting officer Rick Causey was indicted on six fraud counts, but he pleaded not guilty and was released on $1m bail. Mr Causey's indictment mentioned that Mr Lay and Mr Skilling, identified by title rather than name, were among "the principal managers of Enron's finances" and accused Mr Causey "and others" of lying about earnings.

Accompany Essential Investment Mr Skilling joined Enron in 1990 and quickly moved up the company. He was promoted to chief executive officer in February 2001, replacing Mr Lay, who stayed on as chairman. He helped transform Enron from a staid pipeline company into a trader that combined the energy business with new technologies at the height of the internet boom.

Investment Company At its zenith, Enron was the seventh largest company on the Fortune 500 list. But in August 2001, after just six months, Mr Skilling suddenly resigned, saying he wanted time to enjoy life.

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