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Employment

Crook Indicted by FBI

Jerry Crook has stepped down as CEO of up-and-coming OSS firm Cramer Systems Ltd. after being charged with conspiracy to defraud investors while he was an executive at software firm Peregrine Systems Inc.

Crook is just one of a number of former Peregrine executives charged with conspiracy to commit a multibillion-dollar securities fraud between 1997 and 2002.

Crook, who joined Cramer in June 2002 shortly after leaving Peregrine, stepped down from his post as CEO in the past 24 hours, and his details are no longer on the Cramer Website (see Cramer Hires Crook).

He does, though, remain as an adviser to the software firm, says the company's director of corporate communications, Robert Curran.

Crook wasn't available for comment.

Now the inventory management specialist is seeking a new CEO who can continue with the company's IPO plans and ongoing growth (see Cramer Preps an IPO). In the meantime, Cramer founder Jon Craton will take the helm.

For the full story go to NGS.

— Ray Le Maistre, International News Editor, Light Reading

capolite 12/5/2012 | 1:07:36 AM
re: Crook Indicted by FBI Your headlines on this article and the one from June 2002 ( Cramer Hires Crook ) are either very dry or very prescient. Which one is it?
iso 12/5/2012 | 1:07:35 AM
re: Crook Indicted by FBI With a field as diverse as networking LR should provide hyperlinks to all TLA (http://www.fact-index.com/t/tl....
cruzexpo 12/5/2012 | 1:07:34 AM
re: Crook Indicted by FBI Good, but not as good as "Miners Refuse to Work after Death".
Peter Heywood 12/5/2012 | 1:07:31 AM
re: Crook Indicted by FBI Some headlines I liked (and wrote):

http://www.lightreading.com/do...

http://www.lightreading.com/do...
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