Sentence examples for discovered fraud from inspiring English sources

The influx of new buyers pushed up house prices, which made lenders even more eager.But as the rating agencies have now discovered, fraud played a part too.

Another internal email, sent by a different source, said: "In our due diligence we discovered fraud and malfeasance in the Spanish company".

David F. Geneson, a lawyer at Sheppard Mullin Richter & Hampton in Washington who represents Mr. Ripp, said his client was the one who discovered fraud at AOL and brought it to the attention of federal investigators.

When the merged McKesson HBO announced that its auditors had discovered fraud in April 1999, its shares fell almost 50percentt in one day, leaving investors $9 billion poorer.

But when the merged McKesson HBO announced in April 1999 that its auditors had discovered fraud at HBO during a routine annual review, McKesson HBO shares fell to $34 from $65 in a single day.

Last year, the S.E.C. asked a federal judge to uphold a subpoena demanding that Deloitte provide work papers stemming from its audit of Longtop Financial, a company whose stock price collapsed after Deloitte discovered fraud there, although the firm had missed it in previous audits.

He was dismissed for discovering fraud and revealing it.

Finally, even though shareholders do not benefit from fraud, they are unwilling to spend enough to prevent or discover fraud.

The proposal neatly aligns the incentives of auditors and shareholders an insurer would probably offer generous bonuses for discovering fraud.

"Instead of waiting for victims to discover fraud," said John Feinblatt, the mayor's chief policy adviser, "this helps victims without them knowing".

Mr. Yassky said Mr. Liu ran ads that "just aren't true," citing claims Mr. Liu made about having worked in a sweatshop and discovering fraud at the Metropolitan Transportation Authority.