He faces a maximum penalty of 20 years in prison when he is sentenced.“Corporate officials will be held accountable when they deceive unsuspecting investors, as today’s verdict proves,” said Deputy Attorney General Mark R.
Purchase Pro was engaged in the sale of computer software, including a so-called business-to-business “marketplace license.” This license allowed small and large businesses to buy and sell products on the Internet, to participate directly in Purchase Pro’s own Web site based marketplace and to create their own branded marketplace using Purchase Pro’s software. Mc Quillan also assisted with the prosecution of the charges related to Johnson’s obstruction of justice during the 2006 trial.
The Department of Justice made the announcement today after U. “The Task Force will continue our efforts to improve the integrity of the marketplace and bring to justice those executives who violate the law.”“This is an important victory in the fight against corporate fraud. Johnson tried to manipulate the system for his own gain at the expense of the investing public, and now will be appropriately punished,” said U. Attorney for the Eastern District of Virginia Chuck Rosenberg. The investigation was conducted under the auspices of President Bush’s Corporate Fraud Task Force, created in July 2002 to investigate allegations of fraud and corruption at U.
Johnson, Jr., the former CEO and Chairman of Purchase Inc., a now-defunct, publicly traded company that was headquartered in Las Vegas, was found guilty today of conspiring to commit securities fraud, securities fraud, witness tampering and obstructing an official proceeding, announced the Justice Department and Federal Bureau of Investigation. Kelley released his verdict in Johnson’s bench trial which was completed in December 2007. Filip, chairman of the President’s Corporate Fraud Task Force. Belevetz and Criminal Division Attorney Adam Reeves prosecuted Johnson in the original case.
Jim Clark, Netscape Jim Clark isn't technically the father of the Internet, but plenty of people regarded him as such during the dot-com boom.
He was the founder of several companies, most notably Netscape Communications (AOL), which kick-started the Internet craze with its 1995 IPO.
“) or take it down all together should I decide to address the issue at all.
A threat letter and/or a Notice of Intention to commence litigation, is not Notice of litigation and proves normally to be simply pounding drums to put us uneducated consumers into a state of panic and do what we are told which is always to ““.
For some inexplicable reason the municipal government (““!According to court documents, Johnson and his co-conspirators, including other senior officers at Purchase Pro, conspired to falsely inflate the revenue that Purchase Pro recognized and announced to the investing public from the sale of Purchase Pro marketplace licenses as well as the revenue generated for America Online Inc. (AOL) by its business affairs and interactive marketing units. Cannon, Trial Attorney, with the Fraud Section of the Department of Justice’s Criminal Division. A lucky few are still swimming in money earned during the most over-inflated market we've ever witnessed.Minyanville remembers some of the most memorable names from a decade ago and tracks down their sometimes surprising whereabouts today. Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.Rewritten contract or backdating fraud happens when a dealership has you sign a new contract for the purchase or lease of a vehicle, and then backdates the newer contract to the date of the first contract.I stumbled onto this publication when I was young as a salesman, realizing that I had left myself in a very narrow career path of selling and back then, much like today, salesmen weren’t exactly held in the highest esteem.So, here’s the Reader’s Digest version of what our new board of directors has come up with in our efforts to take control of our residential community of 18 luxury residences on Lake Ontario.Specifically, Johnson and his co-conspirators falsely inflated the revenue reported by Purchase Pro to the investing public and the U. Securities and Exchange Commission (SEC) for the first quarter of 2001. Johnson worked closely with two Purchase Pro employees, Robert Geoffrey Layne and James S. The three men misled Purchase Pro’s auditors by forging documents, altering fax headers and backdating contracts, and then placing the documents in Purchase Pro’s files where the auditors would find and rely on them.