Betting Pool-Who goes to prison first

Believe me, absolutely no one but you cares.

 

Is this your lame comeback when caught in a massive lie? I'm sure the FDA cares that there was no CCO during this time

 

Back in 1767 a group of people sailed from parts unknown and landed in an area they later called Prymoney Rock.

It was a desolate land and the new inhabitants were a backstabbing bunch. They didn't seek resourceful efficient ways of surviving. Rather each family was out for themselves. One family even started a condom business because they wanted other families to remain small and powerless. This family became powerful on the island. The business grew and the founder of the business would tell people on the island that he started the business because his mother died when he was 10 but he remembered all the labor pains she had in his sibling's births and thought there should be a way to prevent that if people didn't want to go through that so many times. Most people knew the truth that he started the business to Pry Money from as many families as he could.

Not much else is known about the history or the people of Prymoney Rock. There is only 1 known descendent from Prymoney Rock. He is believed to be a very wealthy man reinvesting ill-gotten gains living in the Northwestern US. Any similarities to anyone you know is probably coincidental. Happy Turkey Day!!!!!!

 

This thread has strayed from the OP's question.

Who will go to prison first? In all likelihood, no one. For some insane reason our country has never taken white collar crime seriously. The shady characters know this and often seem to operate with impunity.

Look at the last Wall Street debacle. Who was held accountable? Nobody.

JMHO

 

Thank you for bringing us back on topic.

Dendreon's latest 10Q reveals that the company is still under federal investigation for what Dendreon believes relates to some of the same factors that were in the private lawsuit that Dendreon ended up settling for 40M. For the federal investigation to be going on this long, it is probably just a question of when something happens. These investigations and negotiations (if there are any yet) take years.

A few months ago, the Wall Street Journal told us that Mitch Gold as an individual is also under investigation.

So make no mistake, Dendreon and Mitch Gold are currently being investigated by the feds.

The things that occcurred in late 2010 and all of 2011 were so egregious that IMO at least 2 former executives will ultimately pay a huge price and that MG will be one of them. The GC at the time may be another IMO.

 

I'm OP and sadly I agree with you. I worked for another start up that had a CEO, CFO, COO etc that were just as bad as anything Dendreon had. No one went to jail. However all the guilty party are now marginalized and working for very lackluster companies if they're working at all. One of the VPs was busted for insider trading and while he received no jail time, he cant get a gig in industry. He's now a 'Consultant'

 

Someone got in trouble for lying and deceiving and she lost money in the process. That's a good thing.

Someone who did the same thing and made millions in the process while systematically destroying a company is living the high life. That's a bad thing.

Where the f is the justice in this world?

 

This post was from November 2012. How has that worked out? It's too bad employees don't give owners money back guarantees.

 

good predictions...

 

That would be a good start.

 

The wheels of justice grind slowly, but they do grind. However, the more time passes without an indictment by the federal government the less likely that we will ever see MG sitting at the defendant's table.

 

Even without an indictment he could be sitting at the defendant's table in a federal civil case. It does not seem possible given what is known that this will not happen. There is a long statute of limitations and the government takes their time, but the investigation does continue according to Dendreon's SEC filings.

 

It does not seem possible, but the Enforcement Division at the SEC is very small and can only chase a small percentage of the crooks. The SEC really has to think that somebody is an evil bastard to make it to the top of their list while a lot of almost equally deserving miscreants walk free.

 

According to DNDN, there is a formal investigation by the SEC. Anyone they are formally investigating has made it to the top of their list. If they do not charge anything in an investigation where laws were broken, then they are negligent.

 

The SEC simply doesn't have the staff to get them all. I used to have a friend that was an attorney in the Enforcement Division in Chicago. At the time they covered most of the country between the coastal states. Chicago had two full-time enforcement attorneys to manage the workload, and no shortage of targets. It isn't negligence when Congress does not appropriate enough money for the SEC to hire additional staff.

 

They have investigated for 3 years. There was enough money appropriated for that. If laws were broken and they do nothing, that is not congess fault or anyone else's fault. Everyone knows they did not tell the public that doctors had to lay out 93k per patient before getting reimbursed until August 3, 2011 when it was too late. They had to disclose that and what they knew about how it was affecting the business well before August 3, 2011. That is law.