-Caveat Lector-

http://www.portal.telegraph.co.uk/news/main.jhtml?xml=/news/2002/08/15/wcorp15.xml&sSheet=/news/2002/08/15/ixworld.html

Bush Anti-Corruption Chief Accused of Account Fraud
By Simon English
The Telegraph (UK)

Thursday, 15 August, 2002

President Bush's efforts to clean up corporate America were dealt an
embarrassing blow last night when the man charged with leading his new
anti-corruption task force was sued for alleged fraud.

Larry Thompson, who is also deputy attorney general, was accused of dubious
accounting practices and insider trading while on the board of Providian, a
credit card issuer that also operates in Britain.

Judicial Watch, the self-styled watchdog that is also suing vice-president
Dick Cheney for alleged accounting malpractice when he was chief executive
of oil group Halliburton, filed the suit on behalf of a Texan shareholder in
a San Francisco court.

The suit alleges that Mr Thompson and other directors conspired to hide
Providian's mounting losses in 2001, inflating the company share price.

Mr Thompson sold more than L3 million of shares before the financial
problems became public, it is claimed. He was a board director for four
years from 1997.

Mr Thompson's office was not available to comment last night.

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