I was just reading about the three former executives from Specialty Filaments, now bankrupt. They frauded the Wells Fargo bank and Vermont Economic Development Authority of over $1 million.
Jeff Audette, the ex-vice president, received three years’ probation and a fine. Paul Mammorella, the ex-director of finance, was sentenced to three years’ probation, four months of house arrest, a fine, and 100 hours of community service. Donald Marler II, ex-president and CEO, hasn’t been sentenced yet. He’s probably holding out for a lighter sentence.
Where is the justice in this country? No wonder the Wall Streeters and bankers almost brought this country down. White collar crime does not get punished. If me and a few of my blue-collar friends had ripped off over $1 million, I’m sure we’d be looking at about 15 years.
Oh, the Assistant U.S. Attorney Gregory Waples said they acted out of good intentions. I’ve got good intentions, too. Good intentions of having a house on the beach someday.
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