Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (111828)	1/29/2002 3:01:39 PM
From: Ruffian	Read Replies (2) \| Respond to of 152472

Johnny Cochran To Take On Enron News2Houston reported Tuesday that famed defense attorney Johnny Cochran has been hired to lead a lawsuit against the Enron Corp. (NYSE:ENE - news) by some of its former workers, on the heels of the company announcing a new interim chief. Cochran has defended several celebrities, including Sean "P. Diddy Combs" and O.J. Simpson. The Los Angeles attorney helped get a jury to acquit Simpson of murdering his ex-wife Nicole Simpson and her friend Ron Goldman in 1995. But a civil jury later found Simpson responsible, and ordered him to pay the victim's families $33.5 million in damages. Many of the ex- workers held a rally outside the company's headquarters Tuesday organized by local ministers, which are affiliated with the Rev. Al Shapton. Sharpton, founder of the National Action Network said last week that he is battling for a federal bailout to help former employees and small investors of Enron, most of whom lost everything. Enron Picks New Interim CEO Enron announced Tuesday morning that Stephen F. Cooper has been named interim chief executive officer and chief restructuring officer. Cooper is the managing partner of Zolfo Cooper LLC, a corporate recovery and crisis management firm, and has more than 30 years experience leading companies through operational and financial reorganizations, company officials said. Cooper will be joined by a team of Zolfo Cooper professionals who will assist with Enron's restructuring effort. Enron's Board of Directors made the decision after a review of candidates last week, following the resignation of former Enron Chairman and CEO Kenneth L. Lay, officials said. Lay remains on the board. Cooper and his team are expected to begin working immediately with Enron's current management and its Creditors Committee on the company's continuing efforts to reorganize and emerge from bankruptcy. "Our focus is on the future of Enron. With more than 19,000 employees worldwide, Enron has real businesses with real value," said Cooper. "We will work closely with the Board of Directors, management, and the Creditors Committee to develop a reorganization plan to maximize value for the company's stakeholders." Zolfo Cooper has worked on more than 500 engagements, including Federated Department Stores, Sunbeam, Laidlaw, Washington Group International, Polaroid Corp. (NYSE:PRD - news), Morrison Knudsen, Pegasus Gold, NationsRent, and ICG Communications. According to the news release, Zolfo Cooper's 85 professionals have in-depth expertise in operational and financial management. Working with senior management, Zolfo Cooper has a demonstrated track record in rapidly stabilizing businesses while developing a tactical plan to meet short-term financial needs and a strategic plan for long-term financial viability. Founded in 1982, Zolfo Cooper is headquartered in New York, with offices in New Jersey and Los Angeles. In addition, the company also named members of the Office of the Chief Executive, which will include Cooper, Jeff McMahon, who has been named president and chief operating officer, and Ray Bowen, who has been named executive vice president and chief financial officer. McMahon formerly was chief financial officer, and Bowen had been treasurer. Email this story - View most popular \| Printer-friendly format Archived Stories by Date: News Resources Message Boards: Post/Read Msgs Conversations: Start a live discussion News Alerts: Enron Corp \| POLAROID CORP More Alerts: News Bulletins, News, Mobile, Stocks ADVERTISEMENT Weekly Specials · Get 50% Off Delivery of The New York Times!

To: Jon Koplik who wrote (111828)	1/29/2002 10:20:38 PM
From: engineer	Read Replies (4) \| Respond to of 152472

Unfortunately, when my wife's wallet got ripped off out of a car in 1997 in hawaii and we got hte first round of ID theft, we did exactly that. Put the notice on all 3 credit agencies and spent about $2000 getting the credit back to normal and the accounts taken away. About 3 months ago we started getting calls again from collection agencies and we went through and checked and found they had come back. It appears that it is the same person. Seems the thieves went to places which give instant credit and do not check the credit agency. the thief then goes thru the store buying as much as they can cash and carry and they rack up as many cards as they can get in a very short time, like 2-3 weeks. In our case, 5 credit cards at $1500 to $2500 per card, which were issued the night of purchase and then maxed way beyond the limits. Target was a $200 limit wiht $1500 on it. the issue is, it doesn't do much good if the store does not verify the credit being issued or use the credit agency. major things like cellphones, home loans, car purchases, and car insurance will be stopped. Don't laugh, each of these were attempted on teh account at that same time period, as we found out by tracing the inquiries and calling each of them to see if accounts were going to crop up later.. We filed a police report for Fraud, but am considering filing damages against the stores which took out the fraudlent credit, even after the note was there. Even after places like Target and Banana Republic admitted the account was fraudulent and dropped it, they STILL sent us back to a collection agency. We are also in teh process of filing defamation suits against the stores for our credit worthiness, which would not have been harmed if they had followed the policies they say they have. If your credit card is ripped off, you can cancel it, and get a new number. If your social security number is ripped off, you just have to live with it and the thieves can come back anytime they want to keep on using it or even post it to the web for anyone to rip off. When I complained to the FTC, they sent me a bunch of crap on how to write the notes in my files and telling me how to use credit responsibly, but took no ownership of the problem, which is that we DO NOT NEED OUR SS# INCLUDED IN ANY CREDIT TRANSACTION. It is purely for IRS tracking and social security account number information. It is used WAY too much by too many people. And don't think that you need a theft to get it started. One retail store in LA used to ask for your social security number to identify your account when you came in. While giving that info, the theives would just listen in, take down the numbers, address, and name, and bingo they had all they needed to proceed. Most people do not know just how often this crime happens. While talking to the Police, we found out that it is the highest rate of crime in the entire country, but the most unreported.