🚀 go-pugleaf

"Rod & BJ" <soggy@pacifier.com> wrote:

>"trebor@sirius.com.no.more" <user@example.com> wrote in message
>news:sildkuslmpmodtrto2gsirf5j0omls9m4g@news.supernews.com...
>> I suppose the names Bernard Ebbers and Kenneth Lay stand out, but they
>> are by no means lone operators; their boards of directors and their
>> executives enabled and participated in fraud and embezzlement at an
>> unprecedented scale.
>
>What makes you think that conviction and punishment should happen before a
>investigation or trial?

I do believe in the proper order of such things; on the other hand, it's
hardly a big whodunit.

>These stories and investigations are far from over in fact they are
>still unfolding.

Any investigation should only serve to make matters worse for the
miscreants, by exposing the true depths of their fraud and embezzlement.

Look, money came in by the truckload, went to individual executives by
the truckload, and now the company is bankrupt. This is hardly as
complicated as you make it sound. Did you read in Businessweek how, for
one year at Worldcom, virtually all recorded earnings - almost a billion
dollars! - were distributed to various executives in the form of
bonuses, with the direct approval of the board of directors?

C'mon, that's not a bonus plan, that's essentially raping the company!

>> How many years do you think Ebbers and Lay are going to spend in jail?
>> How many years do you think you or I would spend in jail if we stole
>> even a tenth of a percent of what they did?
>
>Depends on what they are guilty of? At this point do you know what specific
>crime they committed?

There precisely lies the proof that it's NOT the same laws applying to
them and us. If you were the bookkeeper for a small company, and used
company funds like they were your own, and built houses and bought cars
while cooking the books to hide what you were doing, do you think people
would be asking, well, exactly what is he guilty of? What specific crime
did he commit?

No! They would call it fraud and embezzlement upon discovering it, and
you would be arrested, tried, and most likely found guilty and sentenced
to a number of years in prison.