crime

white collar

Posted by | crime | No Comments

So what’s the bet for Koslowski’s punishment, could it be this…

Federal judge stands by mild sentence of embezzler

A federal judge sentenced a former bank executive convicted of embezzlement to serve eight hours in custody for a second time after an appeals court asked him to reconsider the sentence.

U.S. District Judge Edwin Nelson on Thursday ordered Mari Sanders of Vestavia Hills to serve a day in jail, six months in a community corrections facility and pay a $10,000 fine for stealing $187,000.”

Which works out at a pretty good salary – 2 x 187 – 10 = $364,000 per year

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mr. potato head

Posted by | crime | No Comments

An $11,000 shower curtain, a $2000 waste basket, wait it gets better…

Dennis Kozlowski and two of his alleged partners in corporate crime were charged yesterday with looting their own company out of $600 million.
The staggering figure was revealed in criminal indictments and separate lawsuits filed by Tyco and the Securities and Exchange Commission that accuse Kozlowski of using the plundered money to fund a lavish – and cheesy – lifestyle.

Among other things, he allegedly spent $1 million in Tyco money on a birthday bash for his second wife, Karen Mayo, that featured an ice sculpture of Michelangelo’s David – which sprayed vodka from its penis.”

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