Lustros, Inc. (fka LSTS)

[sidedraft]

I read the same thing you did, but I find no reason to be up beat:

In the late 1990s, and despite the fact that the company was posting strong revenues, Fruit of the Loom's debt proved unwieldy and in 1999 the company filed to reorganize its debt. Later that year, Farley retired from his position as president and CEO just prior to the bankruptcy filing in 1999.

http://en.m.wikipedia.org/wiki/William_F._Farley

And this:

Senior managers and several top independent distributors charged that the company was nearly broke because Farley had treated it like his personal bank account and used funds extravagantly. They also said he violated sales tax laws, authorized illegal political campaign contributions and engaged in unspecified inappropriate personal behavior.

http://www.sltrib.com/business/ci_14059464