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.

Fraud only results in prison if you're not rich.

What do you want you moon-faced assassin of joy?

[TELECOM Digest Editor's Note: And prison usually only results if you are not rich also. PAT]
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DevilsPGD
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