9/4/09
Too Good To Be True
Some of the most intelligent people are drawn into situations that are as the cliche says, "Too Good To Be True". A similarity to the Madoff case and my husband's situation is that one would think if there was a problem then the SEC would have intervened much sooner. Instead, they took an informant and devised a set up that would land three men in prison. My husband is very knowledgable in his field, but he has a limited knowledge of high finance. He trusted the owner of the company. He trusted his friend and just like his friend, he believed that the attorney was guiding the company to protect them from making any mistakes. The bottom line was that my husband believed that the company had made some lucrative investments and had some powerful backing. He believed what he was being told and noone that worked with him missed a payment. When the SEC came in and shut it down, my husband reached into his own pocket to make sure they recieved payment. The third person involved was not even an investor. His problem came in when the owner decided to give him a title in the corporation because of his advanced computer skills and his reputation of integrity. He also did not have any knowledge that he was involved in an scam. My husband and the third person did not deserve to get indicted and should have been dismissed from any charges. My husband did not even know the people who were the prosecutions victims. They all stated under oath that they did not know him. Yet his charges were related to a conspiracy against those very people. After a month long trial and the jury being inconvenienced from their normal day to day lives, I think they just wanted to go home. I ask you now, would you put yourself in my place or my husband's and draw the conclusion that the outcome was fair?
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