Back in the good old days — this month, six years ago, to be exact — when Cendant was the biggest corporate scandal anyone could point to, I wrote a story called "Jailhouse Shock" for CFO magazine about finance execs winding up in prison. At the time, I spoke to a federal prosecutor in Pennsylvania who was trying Paul Polishan, the former CFO of the Leslie Fay companies.
He complained at the time that white collar indictments got a fair amount of press, convictions less, and it was all but impossible to get a reporter to show up for a sentencing.
No more. Consider the stories appearing in CFO.com's Today in Finance section in the last two days:
• Fastow Sentenced to Six Years in Prison
• Ebbers Goes to Prison
• Olis Sentence Cut to Six Years
• Ex-CEO of American Tissue Gets 15 Years
And that's not to mention this item, the last of the day on Tuesday: FBI Probing 52 Companies over Backdating. That would seem to suggest that we haven't seen the end of sentencing stories.
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