The Mudcat Café TM
Thread #59012   Message #939773
Posted By: JohnInKansas
25-Apr-03 - 04:42 AM
Thread Name: BS: UK millionaire fraud-guilty?
Subject: RE: BS: UK millionaire fraud-guilty?
Perhaps the judge shared my own opinion that the quiz shows are pretty much a con game themselves. There's lots of sympathy for a crook that cheats another cheater.(?)

We have a local boy who confessed several months ago to fraudulently obtaining $19,000,000 in "personal" loans by lying to the bank, and to scamming some investors by fraudulent misrepresentations in the sale of a rather large (undisclosed) amount in securities. He just got his "nth" continuance on his sentencing hearing because it was "inconvenient" to appear as scheduled, and he'll get a minimal sentence (my bet) because he's a "prominent local developer" (lots of friends) and a former "Olympic basketball player" (good for LOTS of friends around here).

The same issue (April 23) of my newsrag reports that the account executive (Scot Sullivan) who was probably most responsible for the $9,000,000,000 accounting fraud that sank WorldCom intends to use the defense that "everybody else does the same thing," and several apparently knowledgeable legal minds (non-sequitor?) are guessing that he'll be acquited using that defense. When you consider the number of pensions that "tanked" on this one, it comes close to being premeditated murder.