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SIPA in 2011

SIPA was founded in 1999 and in 2011 is introducing social networking to our arsenal to raise awareness for investors to help them avoid losing their savings and investments. For a start investors should not fall for unrealistic offers of excessive gains on investments. First check to see if the individual is registered with the rgeulators. If he is not, the risks are high that you will be defrauded. Visit www.sipa.ca

It's your money. Protect it while you have it!



Tuesday, September 20, 2005

Crime and Punishment?

In the U.S. :

Justice Michael Obus sentenced former Tyco Chief Executive Dennis Kozlowski to 25 years in prison for larceny and defrauding investors.

Former WorldCom chairman Bernie Ebbers was sentenced to 25 years in prison for accounting fraud.

Adelphi Communications founder John Rigas was sentenced to 15 years in federal prison for fraud at the age of 80.

In Canada:

Paul Coffin, the first person charged in the $250 million federal sponsorship scandal pleaded guilty to 15 fraud counts and was sentenced to speak on ethics to business students!

What message are we trying to give to the next generation of business leaders?

You can be dishonest, live high by defrauding others, and the worst that can happen is you can be sent on speaking engagements!

As long as white collar crime pays in Canada it will continue unabated.
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