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To: Jack T. Pearson who wrote (73662)3/30/2001 10:46:57 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
If violating the law is common knowledge it does not make it legal. Drunk driving is still punished even if you did not hurt any one. Same apply to using drugs or even holding cocaine ....... you do not hurt any one but it is against the law and has a minimun prison term.

As such what you are writing ...... it was criminal.

securities.stanford.edu

law.com

Haim



To: Jack T. Pearson who wrote (73662)3/30/2001 11:33:16 PM
From: Haim R. Branisteanu  Respond to of 99985
 
Regarding Kickbacks - will they do it on Wall Street ??

Ex - IBM Manager Sentenced to Prison

WHITE PLAINS, N.Y. (AP) -- A
former IBM manager was sentenced
Friday to 63 months in prison for his
part in a scheme that gave him $2.5
million in kickbacks for steering the
company's spare-parts business to a
contractor.

Robert St. Germain, 57, of Verbank, had been convicted in
December of federal tax and money-laundering crimes.

From 1990 to 1993, St. Germain managed IBM's Reutilization
Department, which oversees the sale of surplus computer parts.
Evidence at St. German's non-jury trial showed he steered business
to Cerplex Inc. through sales representatives who kicked back part
of their commissions to him, U.S. Attorney Mary Jo White said.

Judge Colleen McMahon ordered St. Germain to forfeit $1.2 million
and to pay $15,000 in fines.

St. Germain is the 13th defendant in related cases to plead guilty or
be convicted.

nytimes.com