"Where liberty is, there is my country." Attributed to Benjamin Franklin, and many others.
Rejournal 1:
FDIC v. PricewaterhouseCoopers LLP, et al.
This case sought to hold auditors PricewaterhouseCoopers (PwC) responsible for their failure to detect a $2.3 billion fraud that the judge described as “one of the largest and longest-lasting bank frauds in American banking history” and which …
Rejournal 2:
5 PwC Scandals Far Worse than Oscar Envelopegate Mix Up
The PriceWaterhouseCoopers’ Oscar mix up has dominated social media the last couple days, with many saying Envelopegate could be a major hit to PwC’s long-term repu…
Rejournal 3:
TYCO FRAUD
The following timeline chronicles the progress of investigations and indictments against Dennis Kozlowski, Mark Swartz, and Mark Belnick...
Rejournal 4:
Prostitutes, Vegas Bachelor Parties Part Of DWP Scandal Lawsuit Against PricewaterhouseCoopers
... the accounting firm best known for tallying up the Oscar votes, but now, the City of LA says they spent a lot of time partying in Vegas on your money. CBS's Erica Nochlin joins us with the scandalous details. Pat and Paul this fraud allege…
Rejournal 5:
PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulator
WASHINGTON (Reuters) - A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of "professional negligence," after saying the auditor should have identified problems leading to the 2009 co…
Rejournal 8:
PwC China Hit With Six-Month Ban Over Evergrande Crisis
Chinese regulators said the firm failed to maintain professional skepticism for its work related to the country’s recent real-estate bust. The $62 million in fines, handed down by regulators Friday, was the country’s largest-ever penalty impos…
Rejournal 11:
Bridging Finance receiver PwC files $1.4-billion lawsuit against ex-auditor Ernst & Young
The receiver for Bridging Finance Inc. is suing Ernst & Young LLP for failing to catch signs of fraud being perpetrated at the failed lender, despite serving as its auditor for several years. Bridging receiver PricewaterhouseCoopers Inc. i…
Rejournal 21:
Additional Allegation of Fraud by PriceWaterhouse Coopers Filed in Court Motion in Connection with its Role in Customer Information and Billing System Implementation
LOS ANGELES (June 30, 2016)— Earlier today, the Los Angeles City Attorney, on behalf of the City of Los Angeles and the Los Angeles Department of Water and Power (LADWP), filed a motion in LA Superior Court seeking permission to file an…
Rejournal 22:
Lawsuit over audits seeks $5.5B from PricewaterhouseCoopers
MIAMI (AP) — Accounting giant PricewaterhouseCoopers squared off Tuesday in court with lawyers for a defunct mortgage company’s creditors and investors over a $5.5 billion lawsuit, which claimed the Big Four firm failed through years of audits…
Doc 1001:
FDIC v. PricewaterhouseCoopers LLP, et al.
A brief excerpt from the memorandum and order by Chief United States District Judge Keith Watkins: The Federal Deposit Insurance Corporation (“FDIC”) stepped in as receiver for Colonial upon its failure. In its capacity as receiver for Colonia…
Doc 1002:
Los Angeles v. PricewaterhouseCoopers, LLP
A brief excerpt from the opinion of Justice Kruger and agreement of the Court's Chief Justice and Justices: In 2010, the City of Los Angeles contracted with PricewaterhouseCoopers (PwC) to modernize the billing system for the City’s Department…