Ernst & Young sued by government

MSNBC.Com (AP) ^ | 11/01/2002 | ASSOCIATED PRESS

[Bobby777]

Feds seek $548 million, allege fraud and negligence

CHICAGO, Nov. 1 — The government filed a $548 million fraud and negligence lawsuit Friday against accounting giant Ernst & Young in connection with the failure of a Chicago bank in 2001.

http://www.msnbc.com/news/829311.asp

[Bobby777]

like I said, Enron is just the tip of the iceberg ... yikes ...

[Sonny M]

This is sad and funny. One of my friends used to work for auther anderson, he left that firm right after enron and when all the accounting scandels started happening, now he works for ernst and young. lol, I"m gonna bust his chops over this.

[dfwgator]

None of this would have seen the light of day had Algore been elected. And yet the GOP will be the ones accused of coddling up to the corporations.

[Bobby777]

between Big 6 / then Big 5 / the Big 4 accounting, a lot of people jump ship ... the good ones do it to escape the bad ... unfortunately the bad jump too and bring their henchmen/henchwomen with them ... hard to escape ... hope your friend's job works out ...

[Lizavetta]

Wonderful. Fab. Now....when is the government going to sue Andrew Cuomo for leaving HUD with $40+ BILLION missing....oh, wait a minute, he was the government at the time, so I guess it doesn't count.