December 15, 2004
Sometimes Crime Does Not Pay...
For guys like the Rigas' and Conrad Black, etc, we are so glad laws like Sarbanes-Oxley exist. This is who these laws are meant to catch. For those who see a public company as their own personal piggy bank, they should feel the full force of the law. We only hope that the Rigas' are unable to get off on some technicality. Put them in jail for a long time. Their arrogance is beyond belief and their actions ARE punishable by law.
An excerpt on the Rigas filing:
"In a filing released by prosecutors Tuesday, the government asked U.S. District Judge Leonard Sand, who is scheduled to sentence the pair early next year, to enter a judgment against them for $2.533 billion. Lawyers for the Rigases are expected to oppose the motion, which was filed Friday in Manhattan federal court. The Rigases "defrauded Adelphia's shareholders, bondholders and lenders in order to enrich themselves and other members of the Rigas family," prosecutors said in the filing. " For the complete article, click here.
To find out more about how your company can rapidly and affordably comply with Sarbanes-Oxley, see www.issuescentral.com to see a walk through of Issues Central Sarbanes-Oxley Compliance Playbook.
An excerpt on the Rigas filing:
"In a filing released by prosecutors Tuesday, the government asked U.S. District Judge Leonard Sand, who is scheduled to sentence the pair early next year, to enter a judgment against them for $2.533 billion. Lawyers for the Rigases are expected to oppose the motion, which was filed Friday in Manhattan federal court. The Rigases "defrauded Adelphia's shareholders, bondholders and lenders in order to enrich themselves and other members of the Rigas family," prosecutors said in the filing. " For the complete article, click here.
To find out more about how your company can rapidly and affordably comply with Sarbanes-Oxley, see www.issuescentral.com to see a walk through of Issues Central Sarbanes-Oxley Compliance Playbook.
