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Project Insomnia

Project Insomnia is many things, but in this context it is simply a "braindump" of whatever I happen to be thinking/reading/watching/doing at the moment. Parental guidance suggested.

Wednesday, January 17, 2007

The Wheels of Justice are apparently those tiny miniature spares...

... but they do turn. Ex-Cendant Chairman Gets Over 12 Years:
Former Cendant Corp. Chairman Walter Forbes was sentenced Wednesday to 12 years and seven months in prison and ordered to pay $3.275 billion in restitution for leading the largest accounting fraud of the 1990s.

In October, a jury found Forbes guilty of conspiracy to commit securities fraud and two counts of making false statements in a massive fraud scheme that cost the travel and real estate company and its investors more than $3 billion. He was found not guilty of a fourth count, securities fraud.
I was working for Davidson & Associates, which became Knowledge Adventure, which became CUC Software, when CUC merged with HFS to form Cendant and Cendant was promptly rocked with this scandal. I think what's left of that software group was absorbed into Universal before they were bought by NBC a few years ago.
|| Andrew, 11:55 AM || ||

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