I have been hoping that these guys would get their day in court...looks like it is finally happening. Nortel, under these guys watch, screwed a lot of people both investors and employees.
RCMP charge former Nortel CEO, 2 other execs
Last Updated: Thursday, June 19, 2008 | 10:37 AM ET Comments0Recommend25CBC News
The RCMP have charged a former CEO, a former CFO and a former controller of Nortel each with seven counts relating to the technology company's accounting in fiscal 2002 and the first two quarters of fiscal 2003.
Charged are:
Frank Dunn, 54, of Oakville, Ont., a former Nortel CEO.
Douglas Beatty, 53, of Toronto, a former CFO.
Michael Gollogly, 49, of Oakville, a former controller.
The three men face the same charges: two counts of fraud affecting a public market, two counts of falsifying books and documents, and three counts of issuing a materially wrong prospectus.
RCMP charge former Nortel CEO, 2 other execs
Last Updated: Thursday, June 19, 2008 | 10:37 AM ET Comments0Recommend25CBC News
The RCMP have charged a former CEO, a former CFO and a former controller of Nortel each with seven counts relating to the technology company's accounting in fiscal 2002 and the first two quarters of fiscal 2003.
Charged are:
Frank Dunn, 54, of Oakville, Ont., a former Nortel CEO.
Douglas Beatty, 53, of Toronto, a former CFO.
Michael Gollogly, 49, of Oakville, a former controller.
The three men face the same charges: two counts of fraud affecting a public market, two counts of falsifying books and documents, and three counts of issuing a materially wrong prospectus.
