Can you say fraud? Can you say it twice? As strange as it seems, these two are related. After Kurzweil's fraud was finally revealed, the top two execs went to jail, but there was some question about what was going to happen to the company. Well, what goes around comes around. Lernout and Hauspie bought out Kurzweil Artificial Intelligence. It seems like they picked up the corporate culture, too.
An Australian Man who sent millions of e-mails around the world falsely stating shares in an American company would rise 900 per cent was today sentenced to two years in jail. The charges filed are believed among the first of their type made against anyone in the world. Mr Hourmouzis had pleaded guilty to two charges of making a false statement on the Internet.
"I wasn't doing anything wrong..." So says Jonathan Lebed, the 16-year-old who paid out $285,000 to the SEC to settle his pump-and-dump case. His father agrees: "He earned it. He did a lot of work. He didn't sit behind a garage smoking pot, or stealing wheels off a car." Yeah, right: after all, he bought his parents a Mercedes with the profits of his stock manipulation.
It seems to me that this kid is only getting in trouble because a bunch of people are sore losers. Aside from the legal trappings that they used to frame him, don't you think that people stupid enough to take financial advice via postings on Yahoo (or other sites) shouldn't whine when they turn out to be bogus? thoughts?