TELECOM Digest OnLine - Sorted: Re: NorVergence Founders Fined For Fraud

Re: NorVergence Founders Fined For Fraud

hancock4@bbs.cpcn.com
30 Jun 2006 11:24:08 -0700

> 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.

Post Followup Article Use your browser's quoting feature to quote article into reply
Go to Previous message: hancock4@bbs.cpcn.com: "Re: Campus Fax Finder"
May be in reply to: Kenneth P. Stox: "NorVergence Founders Fined For Fraud"
TELECOM Digest: Home Page