Monday, December 8, 2008

Even "The Good Guys" are Crooks

Fugitive Danish IT chief surrenders to LA police

"The head of a Danish software company who was sought by Interpol on alleged fraud and conspiracy charges turned himself in Saturday at a Los Angeles police station, according to a newspaper report.

"... early last week, following investigative reports about the company by Computerworld Denmark, IT Factory filed for bankruptcy. Chairman Asger Jensby estimated that 90 percent of the company's turnover had been fictitious.

"IT Factory allegedly created contracts for nonexistent products with companies that did not exist, and sold the contracts to banks and other investors."

Full story at ComputerWorld...

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