Posted on 06/17/2005 11:39:53 AM PDT by misterrob
Just announced on CNBC that the jury hearling the trial of the CEO and CFO has a verdict. Let's hope they nail those scumbags....
Can't wait for the Scrushy/HealthSouth verdict... yeah, nail those scumbags.
What were the charges?
Raping and pillaging the company for personal gain.
Sounds like the Clintons and the DNC...
From Rush, Guilty Grand Larceny
on nearlyt all counts..theyr'e gonna get a LOOOOOOONG sentence....and it was a state trial..so they're going to state prison..in NY for the rest of their lives..Dennis..don't bend over in the shower..
Unfortunately, first time, non-violent crime offenders usually get the minimun sentence w/ multiple sentences served concurrently... Not sure what the minimum is.
Oh my, is that old lady groupie going to set herself afire?
Nope..they will run consecutively..and will be the max...or near it..easily 25 years total, if not life for each..becasue of the magnitude of the crime...and, as I said..it's NY state prison..NOT club Fed..most of the state system inmates are murderers, rapists, drug dealers..
Couldn't happen to a nicer guy. Enron executives, not yet brought to trial, get ready ... you're going down big time. Luv it ...
There always are exceptions to the rule... Hope you're right.
I won't be shedding a tear if this pompous, arrogant, thieving bastard gets raped in prison.
They should just loop that film of his outlandish birthday party 24/7 in his cell for the rest of his life.
The process will be further elongated while he appeals and is granted bail during it's pendancy. IMO far too complicated to really dispense the justice this guy deserves.
The smart criminals go into polictics. Doesn't matter which party though.
Just will revoke bail after sentencing...
Which is why homosexual rape is so popular in American culture
It has so many fans ...
Don't think so. As in the Stewart case, it is very likely he will be free during and until the conclusion of the appeal process (One plus more years). Stewart only went to jail because she agreed to start serving the sentence despite the appeal in process.
Does that mean that there will be a huge insurance claim forthcoming ?
its good to get these guys put away, but the legacy of the late 1990s is that so many CEOs and executives, along with their wall street allies, looted their companies and got away with it.
(2) What Martha Stewart did was nothing compared to what these guys did - Stewart acted on a stock tip on someone else's company for a few grand.
These guys ran a Forbes 100 company like their personal piggybank and cost taxpayers billions and billions.
The maximum penalties were NOT comparable..what you might see happen is a voluntary agrement to a complete disgorgement of all assets, in return for leniency at sentencing..saves the civil action...also..since he's guilty, the judge may well freeze all assets, since there is now a strong likelihood of losing a civil case..Dennis..just from watching him on TV occasionally, IMHO, is a prime candidate to fly off his balcony..
Yep, almost happened at my bank. The CEO is currently in court, however.
Re: Assets frozen - I think that was done early on in these proceedings and his attorneys are, or will shortly be, filing motions to lift that freeze.
IMO the bail issue rides on the basis for the appeal motion. If it looks strong the judge may well grant bail and even, as K's attorneys are also filing motions for, release him in his own recognizance.
The irony - If he hadn't stolen so much from the Stockholders he likely wouldn't be able to afford these expensive legal machinations.
Cavuto says - Koz will effectively be receiving life in prison, his sentence will mean he's never getting out alive.
From the FoxNews website: "Both former executives were found not guilty on one of the charges of falsifying false documents."
What tha? Falsifying false documents?
thank god for the manhattan jury in these cases - NYers have street smarts, when a guy gets up on the stand and tells them he didn't notice where his 25 million dollar bonus came from - no one buys that.
I thought I just saw him walking out of court today.
don't sweat it, they got them on the other 22 counts.
There's time to go before sentencing.
You should see the guy's house here in NH. Ridiculously opulent.
Apparently he's going to a really tough federal pen somewhere with his bookkeeper who also got convicted. They'll so some hard time but it will be a greatly reduced sentence.
Of course, they'll come out wearing dresses. If they come out at all, that is.
Some of it..remember..KOZ had given his ex-wife a$50 million settlement...if it was obtained fradulently..the creditors can go after it from her..Because it's a state court..there is no requirement that 85% of sentence must be served..Say they get 35-40 years each..If they voluntarily divest everything, prosecuton might agree to leniency..say 25 years..which means they might be eligible for parole in 15 years..and don't forget one thing that hasn't been mentioned at all..these two dealt with all the big, top Wall treet investment banks..They know where a lot of bodies are buried. They might be willign to talk to prosecutors in returen for more consideration at sentencing..ther eis NO honor among thieves..
<< I won't be shedding a tear if this pompous, arrogant, thieving bastard gets [Sodomized] in prison. >>
God forbid.
Are we stooping to the level of barbarity? What are we coming to?
And what would the projection of such depraved violence make me?
Screw him. Not me, but somebody.
<< I won't be shedding a tear if this pompous, arrogant, thieving bastard gets raped in prison.
Which is why [Sodomy] is so popular in American culture
It has so many fans ... >>
Is that it?
Are there many latent among us who would so blatantly project such depraved violence?
Tell me this instance, this projection, is an abberation?
Question:
Since they've been found guilty of GRAND LARCENY, will they be permitted to KEEP THE BOOTY?
Haven't these bastards done more to justify being stripped of all ill gotten assets -- than some punk on the street selling drugs out of his Chevy?
Semper Fi
No he didn't. You're thinking of Enron. Tyco is a thriving business with 260,000 employees, whose stock did no worse during the 2001-2003 market dump than did Amazon, Yahoo or Apple. What he did was awful indeed, but is hardly worth 25 years or brutal sodomy, as many here have suggested.
Good question. I find it really strange that the same conservatives that are against two law-abiding adults of the same gender having consensual sex, are for same-sex rape in prison.
Those types of conservatives scare and worry me.
Where, exactly, is the money? Will anybody ever get any of those millions back?
Huh? I was replying on the 'prison rape' comment. Are you sure you are replying to the right person?
This bears repeating - there is no truism that is more true!
Never trust anyone from Seton Hall. Robert Brennan and Karl Kozlowski are both alums, as are a few other convicted felons. Koz went to Seton Hall Prep for high school, while all the truly smart Newarkies went to Essex Catholic.
Karl = Dennis.
Sadly, since prison rape is the one human rights violation tolerated in our prisons (since it's the inmates, and not the guards dishing it out), it gets latched onto as the only way to get a more emotionally satisfying punishment.
I like all these convictions as they send a message to CEO's that there are some limits on their predations on their companies. It also tells their subordinates that there can be consequences for emulating their bosses' worst habits.
I guess that the real problem is that a big public company really has too many shareholders for a unified voice over a CEO. It's just very difficult to get enough shareholders together to crack down on misbehaving executives. So an unethical executive has little to fear.
You know, your's is the most rational explanation I could have hoped for to explain this phenomenon. It makes sense.
I think you meant "and cost stockholders billions and billions"
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