re: SEC Charges Ex-Nortel ExecsWell, here's the real scoop on Nortel earnings, er rather lack of them:
"The fraudulent conduct at issue here was egregious and long-running," said Linda Thomsen, the SEC's enforcement director. "Each of the defendants betrayed Nortel's investors and their misconduct gave rise to billions of dollars in shareholder losses."
"I think it would have been appropriate under the circumstances if the authorities in the United States had deferred to the Ontario Securities Commission in what is really a Canadian matter and had acknowledged the Canadian authorities are fully capable of addressing these important issues,'' Mr. Dunn said in a statement.
Hang 'em by their heels, shake all they have out of their pockets and their childrens pockets, including those secret foreign (US) accounts, ay?
"The fraudulent conduct at issue here was egregious and long-running," said Linda Thomsen, the SEC's enforcement director. "Each of the defendants betrayed Nortel's investors and their misconduct gave rise to billions of dollars in shareholder losses."
"I think it would have been appropriate under the circumstances if the authorities in the United States had deferred to the Ontario Securities Commission in what is really a Canadian matter and had acknowledged the Canadian authorities are fully capable of addressing these important issues,'' Mr. Dunn said in a statement.
Hang 'em by their heels, shake all they have out of their pockets and their childrens pockets, including those secret foreign (US) accounts, ay?
Ay ending makes it Canadian.
-Why