File this one under HMMMMMM!
NP says Microforum's CEO's criminal past raises questions
Microforum Inc
MCF
Shares issued 17,237,000
1999-01-27 close $1.95
Thursday Jan 28 1999
The National Post reports in its Thursday, Jan. 28, edition that
Microforum's chief executive officer, Howard Pearl, has a criminal past.
The National Post's David Akin writes that Mr. Pearl has never dodged
the question when asked by regulators, his banker, or his board of
directors: He was convicted in Tennessee in 1979 of a relatively minor
wire fraud offence and paid a $1,000 (U.S.) fine. In 1982, he was
sentenced to 12 years in prison by a U.S. District Court judge in
California after pleading guilty to his role in a cocaine-smuggling
operation. Mr. Pearl served 13 months of his 1982 prison sentence in
the United States and he was placed on parole in Canada for the
balance. Mr. Pearl says that information has been disclosed to the
Toronto Stock Exchange, to Microforum's board of directors and to key
business associates. It has not, though, been disclosed to all
Microforum shareholders. Microforum chairman David Peterson was
informed about Mr. Pearl's background last year when Microforum
acquired Mr. Pearl's privately held firm PPL Marketing Services. He
says Mr. Pearl is a fine hardworking manager. |
