Forensic Accounting Requires Nuance Performing forensic accounting in front of the Justice Department is like a wild rollercoaster ride, explains John DeLuca. Here’s why.  ...

The FBI Says it Busted an 18-Person Ring that Spanned 8 Countries and 28 States.  Make Up. Pump Up. Run Up. Daniel Gross at The Daily Beast explains:  It’s not the latest exercise fad. Rather, according to the Justice Department and the Federal Bureau of Investigation, it’s the three-step process through which an 18-person ring allegedly committed a stunning $200 million credit-card fraud.   Here're the bas ...

At Issue:  Standard & Poor's Ratings of Mortgage Bonds Before the Financial Crisis  Jean Eaglesham, Jeannette Neumann, and Evan Perez report at the Wall Street Journal that S&P is under fire.  Here's more: ...

"With New Firepower, S.E.C. Tracks Bigger Game,"  Ben Protess and Azam Ahmed  report at the New York Times Dealbook. Embarrassed after missing the warning signs of the financial crisis and the Ponzi scheme of Bernard L. Madoff, the agency’s enforcement division has adopted several new — if somewhat unconventional — strategies to restore its credibility. The S.E.C. is taking its cue from criminal authorities ...