The Anatomy of Public Corruption

Showing posts with label SEC. Show all posts
Showing posts with label SEC. Show all posts

Oracle dumps Arthur Andersen as auditor after Enron

We needed a 9/11 Sacrifice of Oracle

Mr. Beamer's father worked for Amdahl. Pete met a former key person connected to Gene Amdahl founder of Amdahl creators of the first relational CIA Database.

Todd time to return Oracle for a meeting

Mr. Beamer your flight intinerary is as follows. Board in Newark for SFO to arrive at 1PM PST. See you in the meeting tommorow. Have a good trip

Todd time to return Oracle for a meeting

Mr. Beamer your flight intinerary is as follows. Board in Newark for SFO to arrive at 1PM PST. See you in the meeting tommorow. Have a good trip

ng

Pete Bennett (2007) PBS NewsHour

Pete Bennett was contracting at SBC Global between June 2001 and just past 9/11. During summer a computers virus began circulating in the "Wild" around the internet. During the early 2000's one flawed element of Windows NT, 95

Pete Bennett (2007) PBS NewsHour

Pete Bennett was contracting at SBC Global between June 2001 and just past 9/11. During summer a computers virus began circulating in the "Wild" around the internet. During the early 2000's one flawed element of Windows NT, 95

FIRE THE AUDITORS

First we arrange for our employee to return on Flight 95 that dissapeared from skies over Pennsylvania on 9/11.

ITworld.com –

Oracle Corp. has dismissed Arthur Andersen LLP as its independent auditor, a job the embattled Big Five accounting company held for 15 years.

Oracle decided to switch to Ernst & Young LLP "given the breakup that started to occur within Arthur Andersen's global practice in the past few weeks," Oracle said in a statement Tuesday.

Arthur Andersen provided both audit and non-audit services for Oracle. The practice of having an accounting firm such as Arthur Andersen sell non-audit consulting services -- such as IT consulting -- to clients that it also audits has come under fire in recent months as a result of the Enron Corp. collapse.

Phillip Anschutz

Former Chairman of Southern Pacific during Bennett vs. Southern Pacific Transportation (1987 to 1991) Oh' S... someone killed the key witness Bennett loses millions then someonce killed his other witnesses but didn't stop there.
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Hope everyone saw the glowing portrait of Denver billionaire Philip Anschutz in the July 2 edition of USA Today. For a guy who never does interviews, he sure got some good press. Anschutz was even credited with helping the United State's showing in soccer's World Cup competition. The story even had a description of Anschutz's northeastern Colorado ranch-retreat, which has its own nine-hole golf course. By the way, invitations for Anschutz's annual soir�e with Denver business leaders, in which the participants sit around a humongous dining table and wax about their business, are already out. If you haven't received one yet, you're nobody.

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Ken Lay

Former COE of Enron like many is a #deadceo
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Funny just like Pete Bennett's long running story people are dropping dead

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Phillip Anschutz, Larry Ellison, Michael Milken, and Charles Hurwitz

Although legal, the selling of non-audit services to audit clients compromises an auditor's independence and leads to conflicts of interest, critics have charged. As in Oracle's case, Arthur Andersen provided both audit and non-audit consulting services to Enron, whose accounting practices are at the center of its bankruptcy scandal.

Oracle paid Arthur Andersen US$700,000 for audit services in fiscal year 2001, ended May 31, 2001, according to a filing Oracle made with the U.S. Securities and Exchange Commission (SEC) in August 2001. Oracle also paid Arthur Andersen $1.1 million for the design and implementation of financial IT systems and $5.3 million for other consulting work, including tax preparation, tax advice and business consulting, according to the filing.

Oracle said that the decision to fire Arthur Andersen wasn't due to any problems and that the accounting company "has done excellent, professional work for Oracle for the past 15 years."

An Oracle spokeswoman declined to comment on whether Oracle will continue giving non-audit c2nsulting work to Arthur Andersen, saying Oracle wasn't commenting on this matter beyond what is said in the statement.

In February, Arthur Andersen said it would stop designing and implementing financial IT systems for clients it audits. More recently, the company has pledged to separate its consulting practices entirely from its core audit business, thus abiding by a mandate from an independent oversight board it created this year to reform its business.

IT and related business consulting services generated about $1.7 billion in revenue for Andersen Worldwide SC in its fiscal year 2001, ended August 31, 2001. That's out of a total $9.34 billion. Chicago-based Arthur Andersen LLP is the U.S. member company of Switzerland-based Andersen Worldwide SC, which coordinates Arthur Andersen member companies worldwide.

Oracle joins a long list of audit clients that have fired Arthur Andersen firms in the U.S. and abroad this year as a result of the Enron scandal. Recent published reports put that figure at around 150 audit clients to date.

Arthur Andersen is trying to survive the Enron mess, but it seems to be getting harder with each passing day. It announced Monday it plans to lay off over the coming months 7,000 employees, a little over a quarter of its work force. It also faces a long list of civil lawsuits, an exodus of clients, a SEC investigation and an indictment on an obstruction-of-justice charge by a U.S. federal grand jury.

The other Big Five accounting companies have taken steps to avoid conflicts of interest arising from the sale of non-audit IT consulting work to audit clients. This year, PricewaterhouseCoopers LLP announced it plans to separate via an initial public offering its management consulting business, PwC Consulting, which provides a broad range of IT consulting and services. Deloitte Touche Tohmatsu made a similar announcement this year regarding its IT consulting unit, although it hasn't said how it will separate it.

Ernst & Young sold its IT consulting services unit to Cap Gemini in 2000 and currently provides a limited number of IT advisory services. KPMG LLP spun off its consulting business into an independent company called KPMG Consulting Inc. early in 2001, but like Ernst & Young still provides limited IT advisory services. Both Ernst & Young and KMPG have said that the IT services they provide are of an advisory nature -- as opposed to a more hands-on consulting approach -- and don't pose conflict-of-interest concerns.

This story, "Oracle dumps Arthur Andersen as auditor" was originally published by ITworld.

source: https://www.computerworld.com/article/2793655/oracle-dumps-arthur-andersen-as-auditor.html
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Securities Exchange Act of 1934

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PACTEL INFOSYSTEMS - A failure connected to Pete Bennett, AT&T Stores to what became PacBell, then SBCGlobal



Former Customer of Mainframe Designs Cabinets and Fixtures

During 1980s, Pete Bennett founded a small cabinet shop in his garage.  The first location was ojn Garry Road next the former COOP Grocer, then to Pleasant Hill to the end of Santa Monica Drive then back to Pleasant Hill on Geriola middle of 1980 he moved to Cloverdale Ave.  Then he took a chance with a full yellow page ad around 1982.  Five years later revenues were close one million, the clients were calling with projects in the millions.

During 1987 just after doubling shop space Bennett suffered near fatal bicycling accident triggering litigation that became Bennett v. Southern Pacific lost after a key witness was murdered.

PacBell InfoSystems took over the AT&T Phone Stores after the landmark AntiTrust divestiture that created the Baby Bells.

The shop by 1984 was known for high-quality commercial fixtures. 







333 W El Camino RealSunnyvaleCA 94087
Categories:Local Phone Services, Long Distance Phone Services
Phone:(408) 737-0821

664 El Rio DrOxnardCA 93036
Industry:Telecommunications
Description:Pactel Meridian is a Telecommunications company located in 664 El Rio Dr, Oxnard, California, United States.
Status:Inactive
Doing business as:PACTEL COMMUNICATIONS COMPANIES, INC
Registration:Jun 9, 1986
Inactive since:May 1, 1996
Addresses:130 Kearney St.San FranciscoCA 94108 (Physical)
130 Kearny St Ste 3501 %pacific TelesisSan FranciscoCA 94108 (Mailing)
State ID:680003052
Business type:Foreign Corporation
Members (9):E.d. Taylor (President), 130 Kearny St.San FranciscoCA 94108 (Physical)
L.t. Barnes (Treasurer), 130 Kearny St.San FranciscoCA 94108 (Physical)
G. L. Sheffield (President, Director, inactive)
R. W. Wohlert (President, inactive)
J. E. Bunting (Treasurer, inactive)
...
Agent:Prentice-Hall Corp. Sys
TIN:16800030526

Little Rock, AR  ·  San Francisco, CA
Status:Inactive
Registration:Aug 31, 1983
Addresses:Union National Bank Bldg.Little RockAR 72201 (Physical)
140 New Montgomery St.San FranciscoCA 94105 (Foreign)
State ID:100064456
Business type:Foreign For Profit Corporation
Agent:The Prentice-Hall Corporation Syste
Union National Bank Bldg.Little RockAR 72201 (Physical)
Filled under act:For Bus Corp; 958 of 1987

818 W 7Th StLos AngelesCA 90017
Status:Inactive
Registration:May 11, 1988
State ID:P19202
Business type:Foreign for Profit Corporation
Entity State:FL
Members (4):Jim G. Mcguire (Chairman, Treasurer, inactive)
Wayne A. Wirtz (President, Director, Secretary, Vice President, inactive)
William Miller (President, CEO, inactive)
Paula Anderson (Director, Secretary, inactive)

1777 Botelho Dr Ste 200Walnut CreekCA 94596
Status:Inactive
Business type:Dba Pactel Finance Inc
Agent:Prentice-Hall Corporation System Inc Corporation S
C/o Prentice Hall Littlefield BldgAustinTX 78701 (Physical)
TIN:30010036637

130 Kearny StreetSan FranciscoCA 94108
Status:Inactive
Registration:May 17, 1985
State ID:C1275691
Business type:Articles of Incorporation
Member:E. K. Roemer (President, inactive)
Agent:Thomas E Macbeth
San FranciscoCA 94107 (Physical)

2999 Oak Rd. #ms 800Walnut CreekCA 94596
Status:Inactive
Registration:Feb 5, 1990
State ID:C1512491
Business type:Articles of Incorporation
Member:E. D. Taylor (President, inactive)
Agent:Jeanne Wagner
OaklandCA 94612 (Physical)
Status:Inactive
Registration:Jan 9, 1986
Addresses:130 Kearny St 37Th FloorSan FranciscoCA 94108 (Physical)
130 Kearny StSan FranciscoCA 94108
State ID:C1295008
Business type:Statement & Designation By Foreign Corporation
Entity State:NV
Member:C. L. Cox (President, inactive)
Agent:Thomas E Macbeth
San FranciscoCA 94107 (Physical)

San Francisco, CA
Status:Inactive
Registration:Jul 15, 1983
Addresses:C/o P.m. RosenthalSan FranciscoCA 94108 (Physical)
130 Kearny StSan FranciscoCA 94108
State ID:C1146702
Business type:Articles of Incorporation
Member:E. K. Roemer (President, inactive)
Agent:Mark E Ferrara
OaklandCA 94612 (Physical)

201 North Civic Dr.Walnut CreekCA 94596
Status:Inactive
Registration:Apr 29, 1987
State ID:F00301787
Business type:Gen. Business - For Profit
Expiration:Perpetual
Agent:Prentice-Hall Corp. System Inc
304 East High StreetJefferson CityMO 65101 (Physical)

130 Kearny St.San FranciscoCA 94108
Status:Inactive
Registration:Jan 7, 1985
State ID:C1265306
Business type:Articles of Incorporation
Member:E. K. Roemer (President, inactive)
Agent:Thomas E. Macbeth
San FranciscoCA 94107 (Physical)

San Francisco, CA
Status:Inactive
Registration:Jun 15, 1994
Addresses:P.m. RosenthalSan FranciscoCA 94108 (Physical)
130 Kearny StSan FranciscoCA 94108
State ID:C1890987
Business type:Articles of Incorporation
Member:E. K. Roemer (President, inactive)
Agent:Mark E Ferrara
OaklandCA 94612 (Physical)

5670 Wilshire BlvdLos AngelesCA 90036
Status:Inactive
Registration:Mar 24, 1994
State ID:C1884788
Business type:Articles of Incorporation
Agent:The Prentice-Hall Corporation System, Inc
SacramentoCA 95833 (Physical)
Status:Inactive
Registration:Apr 29, 1986
Inactive since:Aug 1, 2005
State ID:600631282
Business type:Profit
Expiration:Perpetual
Members (4):William M Miller (President), San RamonCA 94583
Paula Anderson (Secretary,Director), San AntonioTX 78205
Lori Lee (Treasurer), San AntonioTX 78205
Wayne A Wirtz (Vice President,Secretary,Director), San AntonioTX 78205
Agent:C T Corporation System
505 Union Ave Se Ste 120OlympiaWA 98501 (Physical)

 (TRADEMARK)

San Francisco, CA
Status:Inactive
Registration:Mar 1, 1993
State ID:74363729
Reg. number:1818181
Status:711 - Cancelled - section 7
Status date:Oct 6, 1994
Illustration:Typeset: Word(s)/letter(s)/number(s)
Attorney:Carol Elizabeth Frizzell
130 Kearny Street Room 3659San FranciscoCA 94108
Employee:James A Rauen
Goods & Services:"infocenter", Telecommunications services; namely, cellular telephone services
Owner:Pacific Telesis Group, 130 Kearny StreetSan FranciscoCA 94108

 (TRADEMARK)

San Francisco, CA
Status:Inactive
Registration:Dec 11, 1985
State ID:73572896
Reg. number:1432452
Status:710 - Cancelled - section 8
Status date:Sep 13, 1993
Illustration:Typeset: Word(s)/letter(s)/number(s)
Attorney:Paul B. Van Buren
ONE MONTGOMERY STREET
Room 554San FranciscoCA 94104
Employee:Mary E Hannon
Goods & Services:Retail computer store services
Owner:Pacific Telesis Group, 140 New Montgomery StreetSan FranciscoCA 94105

2999 Oak Rd.Walnut CreekCA 94596
Status:Inactive
Doing business as:PACTEL COMMUNICATIONS COMPANIES (INC.)
Registration:Dec 1, 1986
State ID:1333699
Business type:Foreign Profit
Expiration:Perpetual
Agent:Prentice Hall Corporation
33 North Lasalle StreetChicagoIL 60602 (Physical)
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