Create a free Diverse: Issues In Higher Education account to continue reading

Former U.S. Sen. Paul Sarbanes, Co-Author of Anti-Fraud Act, Dies at 87

Former U.S. Sen. Paul Spyros Sarbanes, who co-wrote the anti-fraud Sarbanes-Oxley Act, has died at 87, Bloomberg reported.

Sen. Paul Spyros SarbanesSen. Paul Spyros Sarbanes

Due to the COVID-19 pandemic, the family will hold a private service soon.

Sarbanes – a Maryland Democrat – served 30 years in the U.S. Senate. During that time, he served as Senate Banking Committee chairman.

The 2002 Sarbanes-Oxley Act created the first accounting oversight board after the Enron- and WorldCom-bankrupting corporate fraud, “subjecting a previously self-regulated industry to independent oversight for the first time,” Bloomberg reported.

Sarbanes held a bachelor’s degree from Princeton University and later graduated from Harvard Law School in 1960. He served as a Maryland legislator from 1967 to 1971, then serving in the U.S. House and later serving in the U.S. Senate.

The trusted source for all job seekers
We have an extensive variety of listings for both academic and non-academic positions at postsecondary institutions.
Read More
The trusted source for all job seekers