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NGOwner
join:2000-11-21
Leawood, KS

NGOwner to OCNBLUE

Member

to OCNBLUE

Re: Honesty out the window!

The wheels of justice turn slowly, but they do turn.

Lay and Ebbers are too early to be prosecuted. But they will be.

Case in Point: Michael Miliken

[NG]Owner

BrianDamage06
We Are The Hounds From Hell
Premium Member
join:2001-08-14
Rowlett, TX

BrianDamage06

Premium Member

We will just have to see, I guess....

OCNBLUE
Dazed
Premium Member
join:2000-11-07
Denver

OCNBLUE to NGOwner

Premium Member

to NGOwner
said by NGOwner:
The wheels of justice turn slowly, but they do turn.

Lay and Ebbers are too early to be prosecuted. But they will be.

Case in Point: Michael Miliken

[NG]Owner

I agree the wheels are slow to the point of having to use time lapse film to ensure movement.

The problem is they need to freeze all assets of the executives or a good percentage at least. If these people are smart enough to figure out how to hide 3 billion dollars, how difficult would it be to hide a few hundred million dollars of stolen or "misguided" money?

Ken Lay lays the sob story out but probably has 50+ million in off shore accounts. I can see him moving to a non extradition country living like a king on money that should have gone back to investors and employee's 401k accounts.

Miliken went to a nice Federal Prison with tennis courts and a 27 hole golf course I think He also was paid a 500 million dollar BONUS from Drexel. You think that was maybe hidden somewhere?

Motorhead5
join:2000-06-05
Woodside, NY

Motorhead5

Member

said by OCNBLUE:

The problem is they need to freeze all assets of the executives or a good percentage at least.
That's the most important step of all - recover the damned money. Laws were passed in the 1980's regarding forfeiture and seizure of drug dealers' assets, why not apply those laws in these cases?

As for Milken, he only spent two (2) years in a minimum security federal prison, had to return 1.8 billion (out of 2 billion he stole - leaving...hmmm... about .2 billion, or 200 million dollars around somewhere), then went on to become a business consultant. An arrogant motherf*cker, he has referred to himself as a "social engineer." Bastard.

As for Ken Lay...well, his b!tch wife can go cry into a bag of money, for all I care.

I say make them give all the money back, make them sell all their homes cars, whatever, or go to real, hardcore prison. Let the government investigate all of their personal financial activities, and find out exactly where all the damned money went, be it Switzerland, the Cayman Islands, trust funds in their kids' names...whatever. After all, none of these people really know what loss is, compared to their employees and stockholders that lost their one and only home, retirement account, nest egg, etc.

Either that, or let the kill themselves, as did that other bastard from Enron. He knew what he had done, and wasn't about to face the music.

Gee, do I sound just a little bitter, cynical and angry? It's becoming harder and harder not to be so.

Don't bother hey-modding this for language...we've already seen and approved it. -RD
[text was edited by moderator]

chuch
join:2001-04-11
Tampa, FL

chuch

Member

Motorhead - I agree with you 100%...

This kind of activity will continue to take place until someone puts the screws to these slime balls!