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Kleptocracy Report

Introductory Reading: "How to Survive in Federal Prison"

"The law's reach is long." U.S. District Judge I. Leo Glasser

List of Corporate Executives charged with crimes>>

 

You have to ask yourself, what were they thinking? Falsified documents? Forgeries? Secret slush funds? Fictitious employees? Lying to the auditors? Insider trading? Options backdating? Fraudulent accounting to increase net income to meet Wall Street expectations?" There's something very wrong here!

 

Jeff Skilling, former CEO of Enron
Serving 24 years for fraud, insider trading, and other crimes related to the collapse of Enron.

Bernie Ebbers, former CEO of WorldCom
Serving 25 years for accounting fraud that cost investors over $100 billion

Dennis Kozlowski, former CEO of Tyco
Serving 8 to 25 years for stealing $134 million from Tyco

John Rigas, former CEO of Adelphia Communications
Serving 25 years for bank, wire, and securities fraud related to the demise of Adelphia

Andrew Fastow, former CFO Enron, one of the key figures behind the complex web of off balance sheeet special purposes entities (limited partnerships which Enron controlled) used to conceal their massive losses. Fastow is serving a six-year prison sentence and agreed to forfeit $24 million in ill-gotten gains.

Walter Forbes, former CEO of Cendant 
Serving 12 years for fraud

Sam Waksal, former CEO of ImClone
Served 7 years for securities fraud

Martin Grass, former CEO of Rite Aid
Served 6 years for fraud and obstruction

Alfred Taubman, former chairman of Sotheby's auction house, was sentenced to a year in prison and ordered to pay $7.5 million in fines for conspiring to fix prices of fine art with rival Christie's.

Tom Rubin, the former chief of Focus Media, a Santa Monica-based ad placement agency serving five and a half years in federal prison for bilking Sears and Universal Studios out of $40 million.

Illinois Governor George Ryan convicted of 18 corruption-related charges that unqualified truck drivers could secure driver licenses in exchange for a bribe. Ryan faces a maximum penalty of 95 years in prison and $4.5 million in fines for racketeering conspiracy, mail fraud, tax fraud. Ryan was governor from 1999-2003 and secretary of state from 1991-1999. And, 79 Illinois state workers and lobbyists have been convicted in the bribery scheme.

Randy Duke Cunningham, Calif. Representative received $2.4 million in bribes from military contractors and evaded more than $1 million in taxes

Richard Scrushy, Former HealthSouth Chairman and CEO was found guilty of bribery and mail fraud for his participation in a scheme to pay $500,000 bribes in return for a spot on a state regulatory panel.  State judge ordered Scrushy to pay nearly $2.9 billion. Now serving 7 years

Joseph Nacchio, Former Qwest CEO was convicted of 19 counts of insider trading, and was ordered to pay a $19 million fine and forfeit $52 million he gained in illegal stock sales. Now serving 6 years in federal prison with his case on appeal to the US Supreme Court

Bernard Madoff, was sentenced to 150 years in prison after admitting to scamming thousands of investors out of billions of dollars in a Ponzi Scheme

Allen Stanford, arrested by the FBI June 2009 and charged with fraud by SEC, and running a massive Ponzi Scheme

Sanjay Kumar, Computer Associates International, the former CEO was sentenced to 12 years in prison and ordered to pay $8 million in fines and restitution for his part in a massive accounting fraud

Kim Woo-choong, Daewoo founder, serving 10 years in prison for accounting fraud and ordered to forfeit $22 billion

Jamie Olis, Dynegy, a Houston jury convicted Olis of a battery of charges -- conspiracy, securities fraud, mail fraud and wire fraud -- related to an accounting scheme called Project Alpha, which attempted to mask $300 million of debt as revenue.

 

Partial List of Corporate Executives charged with crimes>>

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Kleptocracy Report

Visit: www.fbi.gov

"What We Investigate"

http://www.fbi.gov/about-us/investigate/what_we_investigate

Jeffrey Skilling, CEO Enron

G George Ryan, former Governor Illinois

Martha Stewart, CEO

Bernard Ebbers, CEO Worldcom

Dennis Koslowski, CEO Tyco

Mark Swartz, CFO Tyco

Andrew Fastow, CFO Enron

Alfred Taubman, Chairman Sotheby's Auction


Randy Duke Cunningham, CA Republican US Rep

Richard Scrushy, CEO HealthSouth


Joseph Nacchio, CEO Qwest Communications

Bernard Madoff, Former Chairman NASDQ

Allen Stanford, On June 14, 2012 now serving a 110-year prison sentence having been convicted of charges this his investment company was a massive Ponzi scheme and fraud. His release date: June, 2122. His earliest release date is April 17, 2105, age 155!!