The Bernard Ebbers defense of “I didn’t know is not working (http://news.findlaw.com/ap/o/51//03-15-2005/54f4002bee1f5e36.html) . It will be interesting to watch the progression of this trial and see how Mr. Dodd becomes involved in what is surely to be yet another dismal demonstration of the ongoing corporate shenanigans at the executive level to deceive and defraud employees and share holders of their livelihoods.
The executives from Qwest Communications are being prosecuted for fraud. Details may be found here: http://story.news.yahoo.com/news?tmpl=story&u=/nm/20050315/bs_nm/telecoms_qwest_dc
One of the executives not named in the suit for the time period covered is the current CIO of a certain corporation. I’m not intimating or suggesting that the CIO was in any way involved in the massive fraud committed by the morally bankrupt Qwest executives. However at the minimum Cliff Dodd, one time CIO of Qwest, should be considered a key witness for the trial. It is hard to imagine a C-level executive would be completely unaware of questionable accounting practices.