Well, I have been neglecting the BLOG but antoher fraud story... I wrote a bit on Cendant for the Encyclopedia of white collar crime, so here is an update:
Prosecutors plan to try former Cendant Corp. chairman Walter Forbes for a third time on charges he participated in a massive fraud that cost the company and investors more than $3 billion.
Forbes' first two trials ended in mistrials when jurors could not reach a verdict. His second trial ended in February after a U.S. District Court jury in Hartford deliberated for 27 days

Another trial planned in Cendant fraud case - Boston.com: "Jurors last year convicted Forbes' co-defendant, former Cendant Vice Chairman E. Kirk Shelton, of conspiracy, mail fraud, wire fraud, securities fraud and making false statements to the SEC.
Shelton was sentenced to 10 years in prison and ordered to pay $3.27 billion restitution to Cendant, including a balloon payment of $15 million and monthly installments of $2,000 after he is released from prison.
Prosecutors said Shelton inflated revenue by $500 million at Cendant's predecessor, CUC International, to drive up the stock price. The fraud was reported in 1998, causing Cendant's market value to drop by $14 billion in one day.
CUC, which ran a membership marketing operation, merged with HFS Inc., a travel and real-estate services company, to form Cendant. Cendant's brands include Ramada, Howard Johnson, Avis, Coldwell Banker and Century 21."