L&H sentencing; Brussels is good place to commit financial fraud:
The sentences that the Lernout & Hauspie criminals received were pathethically lenient. The defendents received 3 year prison sentences and were fined 25,000€. Bernie Ebbers (MCI Worldcom) and Ken Lay (Enron) each received 25+ year prison sentences. They also forfeited virtually all of their personal assets which were in the hundreds of millions of $s.Their fraud was also a bit more sophisticated than what the L&H folks did, which was just gross. None of the L&H criminals ever admitted that they committed the fraud.
The Belgian legal systems appears to be really pretty awful for honest people. It took a decade to obtain the 1st conviction. Now, of course, they will appeal the verdicts. Highly unlikely that the L&H criminals will ever actually go to prison.
If you commit financial fraud, you should do it in Belgium.
Categories: Lernout and Hauspie sentenced
Tags: financial fraud Lernout Hauspie
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