Replies to post #18929 on U.S Fuel Corp. (fka USFF)

[amarkiii]

Speaking of Bear Stearns

Charges at Bear Stearns linked to subprime debacle

By TOM HAYS, Associated Press Writer
3 HOURS AGO
NEW YORK - Two former Bear Stearns managers were arrested Thursday on securities fraud and other charges linked to the collapse of a hedge fund that bet heavily on subprime mortgages before the market collapsed, federal authorities said.

Matthew Tannin was taken into custody outside his New Jersey home on Thursday morning and Ralph Cioffi was arrested at his New York City home, the FBI said. They became the first executives to be charged criminally in the wake of the subprime market debacle

[cqrtdoc]

You cherry pick and, in doing so, provide misleading information.

Enron, WorldCom, Impath, Global Crossing, and Qwest Communications are among those charged with fraud and from whom executives have been indicted and, subsequently, convicted.

Absent evidence of a more profound nature than offered by posters to this august board, I do not subscribe to the guilt by insinuation you and others seem to attribute to NSOL. I am particularly troubled by it coming from people with no skin in the game...and worse, no understanding of criminal law.

Just in case it got lost in all the hoopla around my qualifications...I once worked for the department responsible for all those prosecutions. My first career, as it were, was involved helping prosecute such conspiracies.

Now, you might charge NSOL with failure to do right and malicious foolishness. But, fraud and conspiracy? Don't think so. While I am, by experience, a conspiracy buff; I think we need more evidence.

[nukem]

You left out our stellar legal eagle team of STICKIT,TOOEM,and HOWE in list of notables....