The Curious Case of No Fraud Indictments
I wonder if Bernard Ebbers, former Chairman of WorldCom, watches public television. Does Jeff Skilling, former President of Enron, read The New York Times? What about Dennis Kozlowski, ex-chairman of Tyco International, or John Rigas, founder of Adelphia Communications? Are they following the aftermath of the financial crisis?
Mr. Ebbers was convicted of fraud in 2005 for false financial reporting that pumped up and then destroyed WorldCom. Mr. Skilling was convicted of fraud and conspiracy in 2006 for creating fraudulent transactions within Enron that led to its demise. Mr. Koslowski was convicted in 2005 for unauthorized bonuses, purchases of artwork, and the payment of an investment banking commission. In 2004, Mr. Rigas and his sons were convicted of fraud for looting Adelphia, which went bankrupt.
|The Clean Up Agenda (1999)|