The Right Coast

November 06, 2003
 
Perp sites
By Tom Smith

The useful and entertaining Corplaw Blog directs us to something new to me at least: perp sites! On trial for a serious federal financial crime? Why not set up your own web site and tout your innocence?

I like Martha, I concede. A lot of her kitchen tips really are useful, and to me it appears the feds are just head-hunting. Throw a ball at the para-legals picnic at any big Wall Street firm and you'll hit a bigger insider trader than Martha.

Richard Scrushy is another story. IUPG, of course, but he looks like a truly astonishingly big-time looter. If he is guilty, I hope he goes to the big house.

Here's my favorite part of the DOJ's press release on the indictment:

The money laundering counts of the indictment allege that Scrushy knowingly engaged in financial transactions using criminally derived property, including the purchase of land, aircraft, boats, cars, artwork and jewelry, among other items. The indictment seeks forfeiture of all such gains derived from criminal activity, totaling $278,727,674.35, including: several residences in the state of Alabama and property in Palm Beach, Florida; a 92-foot Tarrab yacht called Chez Soiree, a 38-foot Intrepid Walkaround watercraft and a 42-foot Lightning boat; a 1998 Cessna Caravan 675, together with amphibious floats and other equipment, and a 2001 Cessna Citation 525 aircraft; diamond jewelry; several luxury automobiles, including a 2003 Lamborghini Murcielago, a 2000 Rolls Royce Corniche, and two 2002 Cadillac Escalades; and paintings by Pablo Picasso, Marc Chagall, Pierre-August Renoir, among others.