Wednesday, August 5, 2009

A little Justice?

Four former managers for Aggregate Industries, the company that supplied 135,000 trucks loads of concrete to the Big Dig have been convicted of conspiring to defraud the government by delivering substandard concrete. The justice, they had to pay 42 million to settle the criminal charges and 8 million in criminal fines. 27 million will go to Big Dig maintenance.

Although this same company has received 4.2 million of stimulus money top repave Rte 2

GE is paying 50 million dollars in civil penalties for cooking their books and making the company look good for investors.

4 people, including a former police chief are being indicted for lying about taking courses to become certified as EMT's. 5 Hamilton police officers and 4 Danvers police officers face server disciplinary action including paying back 5,000, accept an unpaid suspension of 30 8 hour shifts and agree to work without pay for 30 eight hour shifts.

Our friends who are suing the Mass Pike over tolls released some interesting figures. Only 46% of the 632,000 that use local portions of Rte 93, 90 and the Callahan Tunnel pay tolls. If the plaintiffs (us) win this part of the law suite, the State would either raise taxes, impose tolls on Rte 93 or require the Mass Pike to sell some real estate. The lawsiute contends that 58& of pike tolls go to the Big Dig debt.

Lastly, the drug giant Wyeth in newly discovered court documents has admitted that they paid ghost writers to write supportive on line articles backing hormone therapies, draft them and get doctors to add their names to the piece. Wyeth faces 8,400 lawsuit's from women who claim the companies hormone drugs have caused them to develop illnesses.

7 Comments:

At August 6, 2009 at 8:24 AM , Blogger Harry said...

You are saying that we give stimulus money to companies convicted of defrauding the government? What kind of ethics is that? Stimulus money to stimulate more crooked behavior. You have got to be kidding

 
At August 6, 2009 at 1:26 PM , Anonymous Anonymous said...

Dishonest police officers??? Who would have thought!

 
At August 6, 2009 at 1:39 PM , Blogger Worried 01701 said...

Wyeth - 8400 woman filing lawsuits. That tells me that they really screwed up. I want to know what happened the the people, doctors, they paid to be their ghost writers? Shouldnt they have some type of punishement also here?

 
At August 6, 2009 at 2:29 PM , Blogger Eric said...

So this funding for the cops to take classes to be EMTs does that come from the Quinn bill? And how did they get away with this. Don’t they have to produce some sort of documentation that the actually completed the course before they get paid for it? Oh yeah, maybe they forged that documentation. Sure they could find someone that could do that for them. Despicable behavior for sure but not really all that surprising sorry to say.

 
At August 6, 2009 at 3:49 PM , Blogger Junior said...

The civil penalty for GE made me think. Did AIG ever get assessed a civil penalty for cooking their books? They had to have lied on their statements or someone would have seen their fall coming long before it happened.

 
At August 7, 2009 at 9:38 AM , Blogger Jim Pillsbury said...

Junior,

Today in the Globe the founder of AIG who was in charge for 38 years after being fired for manipulating the books has agreed to pay 15 million. By the by... AIG has received 182 billion from us. He should be cell mates with Maddoff.

The recent past management may someday be indicted, but as of now, they run parts of Fannie May, which lost 15 billion in the second quarter.

 
At August 7, 2009 at 9:42 AM , Blogger Jim Pillsbury said...

Worried,

Wyeth, Phizer, etc, etc... they all should be indicted. And as all these suits are judicated, perhaps they will be.

It never ends with drug companies trying to game the sick.

 

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