Former Nortel Execs Await Corporate Fraud Ruling

An anonymous reader writes "Three former Nortel executives accused of orchestrating a widespread multimillion-dollar fraud will learn their fate in Toronto on Monday, nearly a year after one of the largest criminal trials in Canada's corporate history began. Ontario Superior Court Justice Frank Marrocco is set to rule on whether ex-CEO Frank Dunn, ex-CFO Douglas Beatty and ex-controller Michael Gollogly manipulated financial statements at Nortel Networks Corp., between 2002-2003. The men, who each face two counts of fraud, are accused of participating in a book-cooking scheme designed to trigger $12.8 million in bonuses and stocks for themselves at the once powerful Canadian technology giant."

Comments

Re:One of the execs

[durrr]

Of course its just coincidence.
We should free these poor, innocent and, more importantly, rich men and pay them $450 million each of taxpayer money to compensate for the terrible suffering and stain of reputation that the legal system have wrought upon them.

Re:One of the execs

[Cryacin]

It's amazing how Monty Python saw these blighters for exactly what they are more than a couple of decades ago. The modern day corporate pirates.

http://www.youtube.com/watch?v=fb3uCCjH9G0

The Crimson Permanent Assurance sails again.