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

Re: NorVergence Founders Fined For Fraud

DevilsPGD (spam_narf_spam@crazyhat.net)
Sat, 01 Jul 2006 03:39:26 -0500

In message <telecom25.246.9@telecom-digest.org> hancock4@bbs.cpcn.com
wrote:

>> By Jerri Stroud
>> ST. LOUIS POST-DISPATCH

>> 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]

Post Followup Article Use your browser's quoting feature to quote article into reply
Go to Next message: AES: "Re: Confused About Net Neutrality"
Go to Previous message: Steve Sobol: "Re: Book Review: Configuring SonicWALL Firewalls, Chris Lathem et"
TELECOM Digest: Home Page