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Technology Stocks : Qualcomm-News Only
QCOM 177.24-0.8%3:59 PM EDT
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To: waitwatchwander who wrote (419)12/14/2006 4:56:00 AM
From: Maurice Winn   of 426
 
Hideous! Simply amazing that he could have been at the heart of QUALCOMM from the beginning. <Judge Shatford found that Kadisha intentionally embezzled funds from two trusts for which he served as trustee; engaged in transactions prohibited by conflict-of-interest rules for his personal benefit; and repeatedly lied to hide his activities. “Kadisha was no more than a common thief,” said Judge Shatford in his decision. “[His] defenses rest beyond denials but upon a grossly contrived conception that a thief can steal money and keep the benefits.”

”The extent of his deception, and of his perjury before the Court, is staggering and particularly disturbing given his current and ongoing involvements in the business community and various charities,” said Rottman, who provided expertise regarding the breach of fiduciary duties in the case. While trustee, Kadisha also was a Qualcomm director and a member of its audit committee and currently serves as a director of various private companies and charities. In 2001, he was included on Forbes magazine’s list of the 400 wealthiest people in the United States. >

I wonder what the up close and personal dealings were. I had thought Neil Kadisha had been margin-called into being broke when QCOM dived below $30 a share after Y2K. I can only think he got into a panic situation or something. Being one of the world's rich people and stealing a few $million from a friend's widow and her children does not make sense.

Mqurice
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