SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Enron Scandal - Unmoderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: The Duke of URL© who wrote (2149)6/3/2002 2:44:14 AM
From: Raymond Duray  Read Replies (1) of 3602
 
Duke,

Here's what I said in my original reply:

RD: The mandatory arbitration clause we all have to sign pretty much guarantees that the customer is stiffed. Rare exceptions will occur in the case of outright fraud, as in the Guttadauria case presently being discussed in Congressional hearings.

**************************************
My point was that Gruttadauria will prove to be the exceptional case where the fraud is so egregious that the arbitration requirement will be lifted. Generally, the millions of "little every day frauds" will be swept under the rug.

Re: This guy was typing up broker statements for God's sake, what the hell do you think should happen to him?

Ummm, worse than Club Fed? <gg> I'm not holding my breath. Gruttadauria is exactly the sort of white collar criminal who always gets off easy in our double-standard justice system.

-R.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News