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Sarbanes-Oxley News & Developments
Going Once . . . Going TwiceAuctions designed to recoup the ill-gotten gains of executives-gone-bad offer souvenirs from low points in the history of American finance.
> > In July, auctioneers in Lubbock, Tex., brought down the gavel on a range of assets belonging to the estate of Jonathan "Jody" Nelson, former CFO of Patterson-UTI Energy. In April, Nelson pleaded guilty to embezzling more than $77 million from his employer. (He is currently awaiting sentencing.)
What would you bid for a piece of scandalous corporate history? Or rather, for many pieces? Read on for more....
Source: CFO
Published:2006-08-16
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