What happens when you lie to the Government about money? They treat you like a bitch is what they do.
Samueli tried to plea down to help ease the pain on himself to the tune of five years probation and fines totalling just over $12 million dollars, an amount that's insurmountable to the rest of us but easily peeled out of the checkbook for a rich fancypants like Samueli. The one catch with this plea is that it required approval of U.S. District Judge Cormac Carney.
Here come da judge!
"The court is not alone in concluding that a five-year probationaryThat stings a bit.
sentence does not capture the seriousness of Dr. Samueli's alleged misconduct,"
Carney wrote in a tentative ruling he made final in court.
A couple of Samueli's fellow crooks with Broadcom, co-founder Henry Nicholas III and former CFO William Ruehle, are also in hot water and awaiting decisions on what will happen with them. They, of course, have plead not guilty to their backdating of stock options and drug charges as well.
While Samueli may not go to jail, he and his pals are getting bitch-slapped by the judge because they apparently think they can write a check and make their problems go away... Which they still may end up getting a chance to do while getting a shortened stay in the hoosegow.
There are plenty of sources for this story, and I enjoy that they all point out something quite interesting to note on this case. Check the further quotation of Judge Carney.
"It would erode the public's perception of our justice system to accept a pleaThat's right folks. Samueli figured that if he cut a $12 million dollar check that he could make $2 BILLION DOLLARS worth of fraud go away virtually unpunished.
agreement containing an unprecedented payment of $12 million to resolve the
criminal liability of one of four coconspirators in an alleged $2.2 billion
I just want you folks to remember this when the owners go back to pleading poverty because the players are making too much money off of them. I want you to remember that some of Herr Bettman's good buddies, even one that he suspended for getting rung up on securities fraud charges like Samueli, are as crooked and rotten as the day is long meanwhile other guys are frozen out because they don't play ball the same way.
You know the way that goes: Lying plain as day about how much money you have while scheming behind the scenes to cut deals to move a team that's not even yours yet or flat out breaking the law while trying to screw others out of their money.
With friends like these, who needs to actually go to prison to see the crooks? You could just go to a Board of Governors meeting instead.