Re: NorVergence Founders Fined For Fraud

By Jerri Stroud

> ST. LOUIS POST-DISPATCH > The Federal Trade Commission has settled charges against the founders > of NorVergence Inc., a company that defrauded hundreds of businesses, > including dozens in the St. Louis area, in a telecommunications scheme > that collapsed in 2004. Nonprofit groups, churches and towns also were > victimized. > In a ruling on Monday, the FTC barred NorVergence founders Thomas N. > Salzano and Peter J. Salzano from engaging in the fraud again and > levied fines of $50 million against each of them. The Salzanos are > brothers.

Isn't fraud a criminal offense? Shouldn't be prison be considered for them? I don't understand.

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