|
|
|
 Related Articles
|
|
|
|
| |
ANDREW FASTOW’S allegation that the NatWest Three were involved in the
financial deceits which brought down Enron does not mean the men are guilty.
But it does mean that they have a case to answer — a case which is rightly
being tried in the US. <br/>
<br/>
The US has had no particular beef with British businessmen. It seeks out
suspects of white-collar crime whoever they are, wherever they are. Kobi
Alexander, the chief executive of Comverse Technology, was apprehended this
week in Namibia, ending his two-month flight from American law enforcers
seeking to prosecute him for the back-dating of stock options. The “perp
walk” — the US practice of hand-cuffing and frog-marching a
multi-millionaire American executive out of his office and into a waiting
police car in full view of the waiting, tipped-off camera crews — has become
a regular feature of the nightly news in the US. Foreigners who do business
in America know full well that the Land of the Free is not nice to
criminals, nor even criminal suspects. <br/>
<br/>
The public outcry over the extradition of the NatWest Three — Gary Mulgrew,
David Bermingham and Giles Darby — has from the outset felt like a
misplaced, sometimes mendacious venting of national frustration at
Washington. <br/>
<br/>
The fact is that this case has nothing to do with the war in Iraq, with the
presidency of George W. Bush, with Tony Blair’s Atlanticist inclinations.
Even the esteemed British chief executives and chairmen who signed up to the
letter calling for fair trials abroad looked like suckers: their campaign
seemed to put patriotism, even a huffy anti-Americanism, before the due
process of law. <br/>
<br/>
Certainly, they had a just complaint: the British Government agreed an
extradition treaty without securing reciprocity from the US. But, for that,
more fool the British Government. It knows a pledge from the Administration
will not necessarily be honoured by Congress, particularly involving the
issue of extradition. <br/>
<br/>
Fastow’s claims against the three British men may be suspect. The quiet chief
financial officer of Enron has made a second career for himself shopping his
old acquaintances. In 2002, he was indicted on 78 counts of fraud,
money-laundering and conspiracy. Thanks to his “co-operation with the
authorities”, he has been sentenced to six years in prison. <br/>
<br/>
Nonetheless, Fastow’s legal deposition describes a “close, personal
relationship” with Mulgrew. Enron collapsed in 2001, undone by an intricate,
ingenious web of financial fraud. Fastow claims that, in his financial
dealings with the men as late as 2000, they “knew what I expected”. The
deposition seems to skewer the argument that the men should be tried in
Britain. They may have to face allegations of defrauding their former
British employers too, but if they played a part in Enron’s downfall, then
they have a case to answer in America as well. There is a principle at
stake, one which underpins global capitalism and one which is as dear to
every Briton as it is to every American: respect for the due process of law. |
| |
|
| |
| |
Highlands and Islands Enterprise chiefs reveal a potential reduction of up to 50 staff as a result of reforms. |
| |
|
| |
| |
More than 10,000 teenagers in England, Wales and Northern Ireland are studying for personal finance qualifications. |
| |
|
| |
| |
A Massachusetts company has sued the One Laptop Per Child (OLPC) Association for patent infringement, charging the project with stealing its designs for a multilingual keyboard.Lagos Analysis Corp., or Lancor, filed the lawsuit Thursday in the Federal High Court, Lagos Judicial Division in Nigeria, where the company owns a patent for a four shift-key keyboard, said Adé Oyegbola, Lancor's CEO.OLPC illegally reverse-engineered the company's patented keyboard, which, with its four-shift keys, allows computers to better handle multiple languages, Oyegbola said. Lancor wants the Nigerian court to award "substantial" damages and issue a permanent injunction to prevent OLPC from manufacturing and selling its XO laptop.Oyegbola said he hopes Lancor can reach a settlement with OLPC before the Nigerian court issues an injunction. OLPC could have "sought a license and gotten it for a minimal fee," he said. "We're hoping ... they can come to their senses, and we sit down and come to a reasonable settlement."Lancor, based in Natick, Massachusetts, has tried to reach a settlement with OLPC but did not get a "reasonable response" from the project, Oyegbola said.OLPC released a statement, saying it has not yet seen the legal filings in the case. "OLPC has the utmost respect for the rights of intellectual property owners," Robert Fadel, OLPC director of finance and operations, said in the statement. "To OLPC's knowledge, all of the intellectual property used in the XO Laptop is either owned by OLPC or properly licensed. Until we have a copy of the claim and have had time to review it, we will not be commenting further on the matter."The goal of the nonprofit OLPC, founded by Massachusetts Institute of Technology professor Nicholas Negroponte, is to donate laptops to children in developing nations. Through Dec. 31, residents of the U.S. and Canada can donate $400 and get one laptop for themselves, while sending a second to a child overseas.In addition to the Nigerian lawsuit, Lancor is looking at filing a patent lawsuit in U.S. court within three weeks, if the case is not settled by then, Oyegbola said.Lancor's Shift2 technology has been used to create region-specific keyboards called Konyin Multilingual Keyboards, according to the company. Lancor's lawsuit alleges that OLPC purchased two Konyin keyboards and used them to reverse-engineer the source codes for use in OLPC's XO Laptops.Asked about the goals of OLPC, Nigerian citizen Oyegbola said he didn't have a strong opinion. Laptops can be useful to children in Africa, but many of them have more basic needs, he said."Children might not need a laptop," he said. "Maybe instead they need a classroom." |
| |
|
| |
| |
Red Cross leak tied to attack on marketing firm
Hackers working on the inside of marketing software firm Convio appear to have lifted emails addresses and passwords from a client database.… |
| |
|
| |
| |
Inc VAT, we hasten to add
The successful applicant for the UK's worst-paid IT job will have to save for a very, very long time to get his or her hands on this particular RaidSonic NAS server, currently tempting punters down at Wopple!:… |
| |
|
| |
| |
Oral Roberts University’s regents said that they would separate the university from the ministry headed by Richard Roberts, the television evangelist accused in a lawsuit of tapping university and ministry money to finance a lavish lifestyle. |
| |
|
| |
| |
A young violist like David Aaron Carpenter, who played an extraordinary program at Weill Recital Hall on Monday night, faces a daunting career path. |
| |
|
| |
| |
SEO forms a very important part of the success of a website. After all you want as much visitors as possible to your site in order to increase your sales. Like the law of supply and demand, once professionally done SEO is growing in importance, the price asked by most companies for a good SEO job will increase too. |
| |
|
| |
| |
Citigroup, the world’s largest bank, is planning thousands more job losses but has not divulged a figure ahead of the appointment of a new chief executive. This is the second round of redundancies this year as the struggling bank aims to improve profitability following billions of dollars of investment losses.
The bank is looking to [...] |
| |
|
| |
|
|
Related Companies |
| |
|
|
|