Prosecutors Expect Madoff Accountant to Plead Guilty

David Friehling, the longtime accountant for Ponzi schemer Bernard Madoff, is expected to plead guilty to fraud charges next week, in a deal with federal prosecutors. Frieling, who operated out of an office about 20 miles north of New York City, is accused of "rubber stamping" Madoff's books.

- CNNMoney.com

U.S. Says Petters Faked Checks, Orders in Ponzi Scheme

Tom Petters concocted fake checks and purchase orders as part of a Ponzi scheme to deceive retailers into believing that he was transacting more business with them than he actually was, the U.S. government said at his trial on Thursday.

- Reuters

Investigations in India Point to New Government Focus on Corruption

Less than a year after India was rocked by a large fraud at one of its biggest technology companies, Indian authorities are starting a raft of high-profile corporate investigations.

- The New York Times

Another UBS Informant Gets Leniency for Tax Fraud

A tax evader turned government informant received a light sentence in Florida on Friday because he cooperated in a high-profile U.S. probe of Swiss bank UBS AG. It was the second case this week in which a former U.S. client of the Swiss bank was treated lightly due to the assistance he gave federal investigators.

- Reuters

French Branch of Scientology Convicted of Fraud

The French branch of the Church of Scientology was convicted of fraud and fined nearly $900,000 on Tuesday by a Paris court. But the judges did not ban the church entirely, as the prosecution had demanded, saying that a change in the law prevented such an action for fraud. The church said it would appeal.

- The New York Times