Cafe Serendipity Holdings Inc. (CAFS)

[lesgetrich]

I read the article. A lot of suspicious circumstance made to look nefarious, but the only proven wrongdoing was in 1995 where he was told to "disgorge ill-gotten gains" of $70,000. That's a paltry sum by financial fraud standards. It's critical of the rapid rise in Shopping.com's pps resulting from an unscrupulous underwriter but no collusion with McNulty was proven and the shareholders ultimately made out when the company was purchased by Compaq. Apparently, Compaq felt the company was worth the price it paid. Otherwise, lots of successful CEO's have also been involved with failed companies and have left many disgruntled shareholders along the wayside. JMO