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Monday, July 23, 2007

Vast Enron-Like Fraud Probe Abandoned by Justice Dept.

"Two years into a fraud investigation, veteran federal prosecutor David Maguire told colleagues he'd uncovered one of the biggest cases of his career," writes Marisa Taylor of McClatchy Newspapers. "Maguire described crimes 'far worse' than those of Arthur Andersen, the accounting giant that collapsed in the wake of the Enron scandal. Among those in his sights: executives from a subsidiary of Berkshire Hathaway, the investment empire overseen by billionaire Warren Buffett."
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