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

Re: NorVergence Founders Fined For Fraud

DevilsPGD (
Sat, 01 Jul 2006 03:39:26 -0500

In message <>

>> 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.

Fraud only results in prison if you're not rich.

What do you want you moon-faced assassin of joy?

[TELECOM Digest Editor's Note: And prison usually only results if
you are not rich also. PAT]

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