Economy May 14

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Former Andersen Auditor Admits to Breaking Law

Former Arthur Andersen auditor David Duncan dealt a major blow to his old company Monday, testifying that he purposefully ordered his colleagues to destroy potentially incriminating records relating to the Enron case.

The CEO of embattled accounting firm Arthur Andersen, Joseph Berardino, announced his resignation Tuesday saying he hoped the move would help the company survive the steady loss of clients and criminal charges.