Regarding new SEC chairman, Harvey Pitt, check out this article --
biz.yahoo.com
Saw this on Anthony's site. These paragraphs are quite disturbing...not the kinda guy I'd really like to see at that post...>>
More recently, Pitt represented Michael Saylor, the founder and chief executive of once high-flying software company MicroStrategy Inc. (NasdaqNM:MSTR - news), after the SEC alleged accounting fraud. Saylor neither admitted nor denied wrongdoing in his settlement. He agreed to pay $8.28 million in restitution and a civil fine of $350,000, and to refrain from future violations of federal securities laws.
During the insider-trading scandals, Pitt represented Boesky, whose admissions to the SEC rocked Wall Street and helped topple Drexel Burnham Lambert Inc. and its junk-bond financier, Michael Milken, who pleaded guilty to fraudulent transactions involving Boesky.
Boesky himself pleaded guilty to one count of lying to regulators and spent two years in prison. |
