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The Virginia Supreme Court has upheld a federal felony spamming conviction against Jeremy Jaynes, a North Carolina spammer who bombarded people with millions of crappy messages in 2003.
Jaynes invoked protection under the Constitution’s first amendment rights to “annonymous free speech,” but the strategy failed–albeit by a narrow 4-3 vote.
Jaynes’ nine-year sentence stands, and we can […]
Now that he’s admitted to smashing, hanging, and electrocuting dogs to death, dog killer and former quarterback Michael Vick has found Jesus.
Now ain’t that cute–cute as a little ole’ puppy.
Thanks to the Son of God’s capacity for forgiveness, he’s undoubtedly proud to find His influence invoked by a man who killed animals by smashing them […]
The various judicial fates dealt to Michael Vick for animal abuse and Lindsay Lohan and Nicole Richie for drunk driving have prompted all manner of outcry about differential enforcement and inconsistent treatment.
Actually, the three punishments are identical in ultimate effect: all three will still be filthy rich when it’s over.
Some have said Vick’s potential […]
We haven’t had a Soap-on-a-Rope Securities Fraud Day for much too long, so here goes:
Brocade: It wasn’t a nice day in the neighborhood for Gregory Reyes, former CEO of San Jose-based Brocade communications. A jury busted Reyes’ balls on ten counts of securities fraud relating to option backdating, and he could get as much […]
StarkedSF rarely has the opportunity to bestow the dreaded Soap-on-a-Rope award outside the financial services sector, so we are extremeley pleased to give the honor to Stephen Michael Cohen, the guy who jacked Sex.com from its rightful owner, Gary Kremen, and allegedly pissed away $65 million from the site’s revenues.
Cohen was in the news Monday, […]
Aptix Corporation founder Amr Mohsen has been sentenced to 17 years in federal “bury the brisket” prison on 17 felony counts.
Before Sunnyvale-based Aptix declared bankruptcy and merged with Mentor Graphics, Mohsen’s firm got into a civil proceeding with Cadence Design Systems.
The initial beef involved chip design, but the district court’s Judge William Alsup found […]
The SEC recently announced further sanctions against executives of Homestore (now Move.com), which had been embroiled in a 2001 revenue inflation “scheme,” to use the SEC’s term. If you’re involved with a high-tech company–as an employee or as an investor–it’s instructive to see how these things play out.
Three former executives received various types of […]
For some reason or other, white collar crooks are heading to federal-ass-pounding prison like investment bankers heading for the Hamptons. It’s uncanny mate–just feature the migration from recent days:
Jack Abramoff: legendary republiscum bagman heads for the hoosegow, after henchmen fail to convince authorities that Jack will squeal louder and better on the outside. Instead, […]
As discussed here previously and elsewhere extensively, naked short selling can really beat down a perfectly viable company. Because this is a known phenomenon, a certain number of mega-douche CEOs mask their piss poor management by blaming their downward-spiraling stock prices on fictional short sellers.
A master of this type of phoniness goes to great […]
Quite a controversy surrounds the practice of naked short selling, or selling short without determining if it’s possible to borrow long shares to cover. Massive naked shorting of a stock can drive prices down, and small tech companies and new issues are among those most likely to suffer from this practice, which is illegal […]
Written by Paul Springer for b5media.
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