Monday, May 18, 2009

Ex-Ernst Partner Off to his Retirement Home

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In the latest edition of auditors behaving badly, a former partner at E&Y was found guilty on Friday of securities fraud for an insider trading venture scheme. The poor bastard is looking at doing up to 20 years and paying millions in fines after tipping off a friend about deals going down that E&Y clients were involved in.

On the bright side, if the judge goes easy on him at sentencing, his credentials are strong for any openings at the SEC.

E&Y continued the FB4 policy of staying mum after someone walks the plank.

Ex-Ernst Partner Guilty of Insider Trading [DealBook]

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