Posted on 12/17/2008 3:16:25 PM PST by CalifScreaming
Stephen Gardner, former chief executive of Peregrine Systems, was sentenced today (Dec. 11) to eight years and one month for his role in the fraud. Gardner's lawyer, Reid Figel, said that Peregrine was engaged in criminal activity before Gardner arrived in 1997When he came to Peregrine, this type of activity was the practice," said Figel. "It was the way they did business." Gardner made $8.2 million dumping Peregrine stock. The company's former chairman, John Moores, who was with Peregrine almost from the beginning, dumped nearly $500 million of stock during the fraud period, and $650 million worth, almost all he controlled, during his time with the company.......Gardner is the brother-in-law of the wife of Bill Richardson, who has been appointed commerce secretary in the upcoming Obama administration. Richardson was a Peregrine board member, and attended meetings at which dubious accounting and other activities were discussed.
(Excerpt) Read more at sandiegoreader.com ...
Just more corruption from O’s gang.
You're kidding, right?
The Dalai-Bama's Cabinet and Administration appointments will look like the Chicago/Harlem/Detroit/Memphis/New Orleans/Atlanta and Newark Thugocracy moved to Washington...
any connection witht he grand jury investigation thats going on now?
Well, another member of the Obama crime family leaves a trail of fraud.
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