PEOPLE IN PRISON ARE BETTER THAN THOSE FOUND IN
goatee, black-framed glasses and a khaki prison jumpsuit for a hearing in
Denver in which he was granted a waiver from attending his resentencing in
June. Nacchio, who is serving a six-year prison term in Pennsylvania for
criminal insider trading, received a federal escort to U.S. District Court in
Denver to attend the hearing. In spring 2007, Nacchio was convicted on 19
counts of illegal insider trading connected to his sale of $52 million in Qwest
stock in early 2001. A year into his prison term, and appearing slimmer
than he did during his trial, Nacchio told Krieger on Tuesday that he has met
"plenty of $ne people" behind bars. "As a matter of fact, I'd go so far to say
I've met better people in prison than people I used to work with," said
Nacchio, who once referred to U S West workers as "clowns."
Ask your students to read the article and discuss the following:
• Are white collar criminals, such as Joe Nacchio, Ken Lay from Enron,
and Bernie Mado# the Ponzi scam king, worse than common criminals?
• What are the corporate social responsibilities associated with corporate
• Who are the people primarily hurt when CEOs act unethically and
• Do you agree that the government should have the right to monitor
public corporations? What about private corporations?
HACKER SENTENCED TO 20 YEARS WHILE WORKING AS AN
Convicted TJX hacker Albert Gonzalez was sentenced to 20 years and a day,
and $ned $25,000 on Friday for his role in breaches into Heartland Payment
Systems, 7-Eleven and other companies. The sentence will run concurrently
with a 20-year sentence he received on Thursday in two other cases
involving hacks into TJX, [email protected]
Max, Dave & Busters restaurants and others,
so it adds only one day to his total prison term. Restitution will be decided at
a future hearing. “I understand the road to redemption will be long,” said
Gonzalez, 28, before the sentence was pronounced.