TELECOM Digest OnLine - Sorted: Re: NorVergence Founders Fined For Fraud

Re: NorVergence Founders Fined For Fraud
30 Jun 2006 11:24:08 -0700

> By Jerri Stroud

> The Federal Trade Commission has settled charges against the founders
> of NorVergence Inc., a company that defrauded hundreds of businesses,
> including dozens in the St. Louis area, in a telecommunications scheme
> that collapsed in 2004. Nonprofit groups, churches and towns also were
> victimized.

> In a ruling on Monday, the FTC barred NorVergence founders Thomas N.
> Salzano and Peter J. Salzano from engaging in the fraud again and
> levied fines of $50 million against each of them. The Salzanos are
> brothers.

Isn't fraud a criminal offense? Shouldn't be prison be considered for
them? I don't understand.

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