In particular, R. wrote in his plea agreement that he made false statements about the broadband operating system, or "BOS," the software that ran E.'s fiber optic network.
"At no point in my tenure with the company was EBS able to develop commercially viable network control software," he wrote. "Moreover, it was known throughout the company as of January 2000 that the BOS had not progressed beyond the internal development stage and was not deployed on EBS' fiber optic network.
"The purpose in making these misrepresentations was to falsely portray to the investing public that EBS had a thriving telecommunications business that had successfully developed revolutionary software which would, in turn, cause E.'s stock price to increase significantly."
....
Attorneys close to the case say that despite his position R. did not have the training to understand the complexities of the system, and thus couldn't really know if his statements at the meeting were true or false.
Ihan niin kuin Suomessa paitsi että täällä ei tuollaisesta joudu vankilaan vaan rikastuu miljonääriksi.
"At no point in my tenure with the company was EBS able to develop commercially viable network control software," he wrote. "Moreover, it was known throughout the company as of January 2000 that the BOS had not progressed beyond the internal development stage and was not deployed on EBS' fiber optic network.
"The purpose in making these misrepresentations was to falsely portray to the investing public that EBS had a thriving telecommunications business that had successfully developed revolutionary software which would, in turn, cause E.'s stock price to increase significantly."
....
Attorneys close to the case say that despite his position R. did not have the training to understand the complexities of the system, and thus couldn't really know if his statements at the meeting were true or false.
Ihan niin kuin Suomessa paitsi että täällä ei tuollaisesta joudu vankilaan vaan rikastuu miljonääriksi.
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