June 19, 2008

It's a nice day for a...white collar crime

Well today is a banner day for corporate malfeasance. Here in Canada three former top Nortel executives were charged with fraud by the RCMP, and then the Mounties charged the founder of Royal Group Technologies and other executives with fraud. Meanwhile, in the U.S., two former Bear Stearns hedge fund managers surrendered to the FBI on charges of misleading investors, and nearly 300 have been arrested for mortgage fraud. Here come the movie rights!

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