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Financial Felons: Where are they now and is there a next generation coming?

We recently presented a look at some of the most notorious financial felons of contemporary times.

Since then, news has included the indictment of Mark Cuban for insider trading in a case that is somewhat reminiscent of Martha Stewart's case. According to the SEC, the billionaire entrepreneur asked his broker to sell all his shares of Mamma.com after the company's CEO confidentially told him of an impending stock offering that would dilute the value of all existing shares. By selling before the information became public, Cuban is said to have sidestepped losses of more than $750,000. Cuban insists, though, that no agreement existed to keep the information confidential.

And then there was the indictment in Texas of Vice President Dick Cheney, along with former U.S. Attorney General Alberto Gonzales and others. There seems to be a conflict of interest between the vice president's influence on the federal agency that oversees federal immigration detention centers and his substantial holdings in Vanguard Group, which invests in private prison companies. But does the lame-duck county district attorney, who was a no-show in court, have the authority to bring charges against federal officials with regard to federally run institutions?

Continue reading Financial Felons: Where are they now and is there a next generation coming?

Senator who voted against net neutrality confused by concept

The internet is really a set of tubes? Well, that's what Senator Ted Stevens (R-Alaska) claims. In a bizarre attempt to explain why he voted against Net Neutrality amendment he attempted to explain how the internet worked with statements like the following:

"I just the other day got, an internet was sent by my staff at 10 o'clock in the morning on Friday and I just got it yesterday. Why?

Because it got tangled up with all these things going on the internet commercially."


While this complete ignorance of how technology works in any sense may benefit companies that can throw lobbyists against a wall until people like this Senator become worried about how internet 'tubes' work, can government and tech-dependent small businesses really interact safely?

Continue reading Senator who voted against net neutrality confused by concept

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Last updated: November 12, 2009: 06:18 AM

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