Ouch…that’s gotta hurt. United States attorneys are scrambling to build a case against Richard “Dick” Fuld and the Lehman giant that he sunk. I think this is just the start of a series of investigations and hopefully charges that will be brought against these a-holes that took us to the edge of an economic black [...]
Continue reading...17. October 2008
What a phukin’ surprise, another Enron Exec is found guilty of fraud. This time, it’s Joseph Hirko, the former co-CEO of Enron Broadband services. Here’s a tasty bologna sandwich for you, Mr. Hirko. Mmmmm….
Continue reading...17. October 2008
From Reuters “An appeals court on Thursday upheld the criminal convictions of former Tyco International Ltd Chief Executive Dennis Kozlowski and former financial chief Mark Swartz, both of whom are serving prison terms for fraud.” These punks collectively stole $150 million from the Company before being convicted back in 2005. Check out these sexy glamor shots…
Continue reading...9. October 2008
From CFO Magazine “The former CFO and former CEO of small, privately-held software company Entellium Corp, were charged with wire fraud for overstating revenue to help them secure financing.” The fraud included defrauding investors by faking revenue figures in order to obtain financing. $50 million was raised on bogus books. Entellium is based in [...]
Continue reading...29. September 2008
Chief Exec, Tom Petters of Petters Group Worldwide, resigned today after the Feds launched an investigation into a fraud that allegedly milked investors of over $100 million over the past decade or so. Tom looks like a pretty good looking guy…no doubt that he’ll be making lots of friends when he gets to prison. And BTW, “integrity” [...]
Continue reading...23. September 2008
This is a lil’ section I like to call “target practice”. It doesn’t matter if you’re a big fish or small potatoes, you will find no safe harbor here. Check out this stud muffin, Frank Amodeo, ex Chief of Mirabilis Ventures in Orlando, Florida. He just plead guilty to a $181 million tax fraud [...]
Continue reading...
18. October 2008
1 Comment