Reports of Shredding Intensify Global Crossing Inquiry

NY TIMES ^ | 6/25/02 | SIMON ROMERO

[Liz]

The House Energy and Commerce Committee is planning to step up its scrutiny of Global Crossing's business practices in light of the company's acknowledgment that employees at several of its offices had shredded documents after the Securities and Exchange Commission began investigating the company in February.

The committee had already been gathering information about the company and will probably schedule Global Crossing hearings soon, a spokesman for the panel said. The same committee has also held hearings on business practices at Enron, Arthur Andersen and the biotechnology company ImClone Systems.

"We're intensifying our investigation of Global Crossing to include a closer look at the allegations of document shredding," said Ken Johnson, a spokesman for Representative Billy Tauzin, chairman of the committee.

Global Crossing initially acknowledged the document shredding in discussions last week with lawyers for several Ohio pension funds that are suing the company, lawyers involved in these discussions said. The lawyers said they had been told that the document destruction

[Liz]

Louisiana residents may wish to call House Energy and Commerce Committee head, Billy Tauzin, toll-free
(number inoperable outside La):

1-800-352-2890.

[OldFriend]

And how is it that while the name ENRON inevitably brings false connections to President Bush we don't hear a connection to the TRUE relationship between Terry McAuliff and Global Crossing? Inquiring minds would like to know........LOL.

[b4its2late]

Maybe Terry McCaulliffe and Martha Stewart will waving to each other across the yard of a federal correctional facility.....

[eureka!]

"And how is it that while the name ENRON inevitably brings false connections to President Bush we don't hear a connection to the TRUE relationship between Terry McAuliff and Global Crossing? Inquiring minds would like to know........LOL."

LOL is right. This is the NY Clymes, though, aka, The Grey Whore and The Fishwrap of Record, serving dutifully as the spokesrag for the DNC....

[Liz]

Maybe Terry McCauliffe and Martha Stewart will wave to each other across the yard of a federal correctional facility.....

They'll have so much time on their hands. Martha would be so helpful. Show Terry how to organize his mailing list of "Incarcerated Democrats."

[Liz]

And how is it that while the name ENRON inevitably brings false connections to President Bush we don't hear
a connection to the TRUE relationship between Terry McAuliff and Global Crossing? Inquiring minds would like to know.......

Presstitutes.........

[Free the USA]

Check the Bump List folders for articles related to and descriptions of the above topic(s) or for other topics of interest.

[lilylangtree]

This post makes me feel that the skunks at Global Crossing won't be ignored.

[Major Matt Mason]

The House Energy and Commerce Committee is planning to step up its scrutiny of Global Crossing's business practices in light of the company's acknowledgment that employees at several of its offices had shredded documents after the Securities and Exchange Commission began investigating the company in February

Sounds like Global Crossing employees learned a thing or three from their financiers in the Clinton Administration.

[Denver Ditdat]

Great screen name! I wonder how many of today's generation have ever heard of the good Major?

[kcvl]

Show Terry how to organize his mailing list of "Incarcerated Democrats."

Liz, that would take about 25 years.