GBU

Good

A Web site for a century-old cemetery in New Zealand is under repair after local historians unearthed a slew of embarrassing mistakes, such as records of people buried in the wrong graves. Names and dates were given incorrectly, and in some cases, the online database had husbands laid to rest with other men’s wives. The Fielding and District Historical Society catalogued a raft of errors which were so inaccurate “it verged on being a serious embarrassment”. The good news for relatives is that the Web site has been withdrawn while errors and omissions are corrected.

Bad

A long-running lawsuit brought against IBM by a group representing Gypsy victims of the Holocaust has been dismissed, though the Swiss court that threw out the case may not have the last word on it, if a planned appeal goes through. The $12 billion lawsuit was dismissed due to lack of evidence but the Gypsy International Recognition Compensation Action group is planning an appeal to the Geneva Court of Justice.

Ugly

A former executive of security software company Network Associates (NA) has pleaded guilty in a US District Court to charges of securities fraud, the first charges to emerge from the US government’s investigation into the company’s bookkeeping practices. Terry Davis served as vice president of finance and corporate controller at the company and agreed to cooperate with the US Department of Justice investigation into NA, according to a statement released by the US Attorney’s Office. NA could not immediately comment but Davis admitted to carrying out a number of illegal activities between 1998 and 2001 that were designed to inflate the company’s revenue to meet stated goals, the statement said. Davis and others used a variety of schemes to entice distributors into holding on to unsold Network Associates products for which Network Associates had already recognised sales revenue. The group arranged to purchase back unsold inventory from distributors through a NA subsidiary, Net Tools, and issued payments to distributors to hold on to excess inventory. The payments were in the form of cash or discounts and rebates that relieved the distributors of debt owed to the company. Davis also admitted making false entries in the company’s general ledger and false statements to its independent auditors, PricewaterhouseCoopers.

E-mails to Sandra_Rossi@idg.com.au

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