Gothamist: Bail Relaxed for CEO Accused of Stealing Millions

billybob

Sun, 22 Jun 2008 16:28:27 -0500

He'll soon be the recipient of the pump and dump, rather than the executor.

sonyactivision

Sat, 21 Jun 2008 22:56:09 -0500

People don't get that kind of money hoping to spend their golden years in the can. All of them are flight risks and should be denied bail and held in custody until they've either served out their sentences or died of prostate cancer.

JacqueMehoff

Sat, 21 Jun 2008 17:36:41 -0500

it appears that 400mil is that magic number that separates the rich from the ultra rich. there was another hedge fund owner who was convicted of $450 mil ponzi scheme who also fled and was caught. Michael wolfgang Berger of the manhattan investment fund who also faced 20 years in prison. don't know it they extradited him to the US.

Dave Hogarty

Sat, 21 Jun 2008 17:25:30 -0500

The Wall Street Journal recently ran a story about a hedge fund manager facing criminal charges and shareholder lawsuits who simply moved to Namibia with his entire family. That country doesn't have an extradition treaty with the U.S.; and the millionaire is spreading his cash around to all the right places to make sure he's not going anywhere. http://blogs.wsj.com/law/2008/06/12/a-bar-mitzvah-in-namibia-checking-in-on-kobi-alexander/

Snoopy

Sat, 21 Jun 2008 17:11:07 -0500

I hope he does and that asshole judge that released him gets burned. Most likely the bitch is getting a payoff. A guy robs a bodega with a gun for $250 and gets a 10 to 20. Where is the equalizer here?

Bubba

Sat, 21 Jun 2008 16:31:53 -0500

He'll flee...