From mboxrd@z Thu Jan 1 00:00:00 1970 To: 9fans@cse.psu.edu Date: Wed, 19 May 2004 08:31:18 +0000 From: john grove Message-ID: Content-Type: text/plain; charset=ISO-8859-1 References: <1084809013.28375.196617444@webmail.messagingengine.com> Subject: Re: [9fans] (no subject) Content-Transfer-Encoding: quoted-printable Topicbox-Message-UUID: 7e8792c8-eacd-11e9-9e20-41e7f4b1d025 maht0x0r@xsmail.com (matt lawless) wrote in message news:<1084809013.2837= 5.196617444@webmail.messagingengine.com>... > SEC to fine Lucent $25m >=20 > By electricnews.net > Published Monday 17th May 2004 11:07 GMT >=20 > Telecoms equipment maker Lucent is expected to be hit with a civil frau= d > lawsuit for what the US Securities and Exchange Commission (SEC) claims > was the improper recognition of $1bn in revenue. >=20 > http://www.theregister.co.uk/2004/05/17/sec_fines_lucent/ >=20 >=20 > It is also reported that five former Lucent employees will be charged i= n > connection with accounting problems at the company. Those to be charged > are Nina Aversano, the company's former head of North American sales; > William Plunkett, a former senior vice president of sales; Jay Carter, > with global sales; Leslie Dorn, vice president of channel sales; and > Vanessa Petrini, director of business development in mobile high-speed > data. >=20 > The $25m fine is the largest ever handed down by the SEC for failing to > co-operate with an investigation. At the heart of the SEC's concerns ar= e > disputes over Lucent's indemnifying employees under investigation by SE= C > regulators from some things such as legal fees, fines and penalties, th= e > Wall Street Journal said. >=20 > --- >=20 > matt - out and about >=20 > --=20 > matt lawless > maht0x0r@xsmail.com Basically, a MAJOR stock swindle operation. BILLIONS lost for shareholder= s and 10,000's employees' jobs lost. OH, you fascists stop deleting my posts. JG