Uncle Phil pinched in IPO spinning scandal

Discussion in 'Politics & Current Events' started by obie, May 13, 2003.

  1. obie

    obie New Member

    Nov 18, 1998
    NY, NY
    Club:
    New York Red Bulls
    Nat'l Team:
    United States
    Really a slap on the wrist -- he has to give the $4 million that he earned in shady IPO deals to charity. No jail (of course), no probation, no exclusions from any future financial dealings.

    http://www.kansascity.com/mld/kansascity/business/5851657.htm

    So let's get the facts down straight...

    -- You break into a bank in the middle of the night and steal $4 million from the bank -- that's probably at least 5 years in prison.

    -- You cut a deal with investment bankers to steal $4 million from other investors -- in that case, you have to give the money back.
     
  2. yalpstel

    yalpstel Member

    Oct 12, 2000
    Bay Area, CA
    Nat'l Team:
    United States
    Dr. Phil is an ugly giant idiot.

    Oprah should be ashamed of what she created.
     
  3. iman

    iman New Member

    Apr 29, 2003
    Tucson, Az, USa
    What's up with all these telecom companies practicing shady business. First worldcom now qwest.

    Wrong phil yalpstel
     
  4. CrewDust

    CrewDust Member

    May 6, 1999
    Columbus, Ohio
    Club:
    Columbus Crew
    Nat'l Team:
    United States
    Nobody seemed to mind in the late 90's when everybody could have made money off of these things.
     
  5. yalpstel

    yalpstel Member

    Oct 12, 2000
    Bay Area, CA
    Nat'l Team:
    United States
    :D
     

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