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.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Jet.Screamer who wrote (100984)1/20/2008 5:39:14 PM
From: Lizzie TudorRespond to of 306849
 
agreed the problem is proving who knew what, when, and right now the justice dept is overreaching, charging all kinds of things so I am not comfortable giving them this kind of leverage.

Do you think somebody should be convicted for fraud for forward looking statements? How about if you are a GM of Enron's broadband incubation division and your job is to build a technology platform as more of an engineering role? How about if you are running an employee stock option plan and every accounting firm tells you to pick the low of the quarter for employees and put them in the footnotes with a black scholes multiple, adding up to more expense than if they were counted as in-the-money? These are all things that have been criminalized by this justice dept and this "related parties" legislation is yet another tool to overreach. I am sure all of this is not lost on the supremes.

People don't knowingly commit felonies unless they have a direct and substantial benefit, that is obvious to all but the people who craft this type of legal case. They want to be able to criminally charge everybody for every gray area in business.