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Oracle in fraud probe

By Phantasm66
Sep 2, 2004
  1. Accounting irregularities, falsifying software sales, even suspicious stock trading - all are suspicions aimed at Oracle, who have had their fraud case reinstated.

    Oracle CEO Larry Ellison will come under the microscope when he is questioned about allegations that he and other top Oracle executives could be directly responsible for overstating Oracle's performance before the company's stock dropped sharply in spring 2001. Ellison may have personally made financial gain through dubious trading practices. The case has been previously dismissed three times, and its anyone's guess as to the final outcome. Stay tuned.
     
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