41. Skilling said he had no knowledge that the partnerships run by his long-time colleague Andrew Fastow were designed to conceal losses. 42. That, in turn, followed a Wall Street Journal report the previous week that accused Elan of deceptive accounting practices that relied upon joint ventures to conceal losses. 43. The bank says he forged purchases of options contracts in hopes of concealing his losses on real foreign exchange deals, chiefly in dollar-yen contracts. 44. The debacle was the latest in a recent rash of cases against traders accused of single-handedly concealing huge losses from bank superiors. 45. The losses were concealed by deliberately mis-pricing and over-valuing options contracts. 46. The move was to help the companies temporarily conceal losses by transferring them to the books of other companies, the report said. 47. The report said Rusnak earned hefty bonuses on his reported trading profits, giving him a motive for concealing losses. 48. The scandal was the latest in a series of cases involving traders falsifying records to conceal massive losses. 49. The Swiss financial group has been accused of dubious financial transactions intended to conceal latent losses at Japanese companies. 50. Turns out Iguchi was losing more money than making and concealing the losses from his bosses in New York and Japan. |