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OFF TO COURT
(FORTUNE Magazine) – Andy Fastow, Sam Waksal, Martha Stewart: Lots of famous names have had their days in court. Now scandal-hunting prosecutors have new targets in their sights. -- Kate Bonamici Walter Forbes, Cendant â– 16 counts: conspiracy, fraud, insider trading. â– Forbes faces a retrial in the fall, seven years after Cendant's alleged $500 million fraud was uncovered. Ken Lay, Enron â– 11 counts: bank, wire, and securities fraud; false statements to banks. â– His defense--"I'm an empty suit!"--just might work. Jeffrey Skilling, Enron â– 30-plus counts, including fraud, lying to auditors, and insider trading. â– Enron's golden boy will be tried with Lay. His expected defense? "I'm an empty suit too!" Richard Scrushy, HealthSouth â– Mail fraud? Check. Obstruction of justice, money laundering, conspiracy? Check, check, check. 58 counts in all. â– If charges stick, he will have to forfeit $278 million in assets. Dennis Kozlowski, Tyco â– Grand larceny, conspiracy, falsifying business records, and tax evasion. â– Jabba's retrial (sadly devoid of naked ice sculptures) is under way in New York State Supreme Court. Mark Swartz, Tyco â– Same as Kozlowski. â– Free on $5 million bail, he and Kozlowski face up to 25 years in prison for their grand larceny charges alone. |
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