It looks like the U.S. Department of Justice has decided to give Wall Street firms and their top executives a "get out of jail free" card over the last several years. The latest example of this is the MF Global scandal with the former governor of New Jersey, Jon Corzine, and company appearing to get away with $1.6 billion of customer assets that are "missing." An Op-Ed in the NY Times explains Corzine's crimes this way:
Showing posts with label tyco. Show all posts
Showing posts with label tyco. Show all posts
Wednesday, March 14, 2012
Saturday, March 13, 2010
Most crooked CEOs
Time Magazine online lists their top ten most crooked CEOs (Criminal Executive Officers). At the top of the list is Bernie Madoff. Also on the list are the CEOs of the major financial statement frauds of the past decade including Enron's Lay and Skilling (2nd), Tyco's Kozlowski (3rd), Adelphia's Rigas (4th) and WorldCom's Ebbers (10th).
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