"That is like saying, will
murder continue? Ever since Cain slew Abel we’ve had it."
— Ira Lee Sorkin, a former SEC
regulator and former criminal prosecutor for the U.S. Attorney’s Office, on
whether the U.S. has seen the last of corporate accounting fraud.
Just Say No
Citizens of Norfolk Island in August
voted against constructing a digital mobile network on the 36-square-kilometer
Australian territory in the south Pacific Ocean about 1,500 kilometers northeast
of Sydney. Islanders, who number just over 2,000, voted 356-251 against the
development despite a AUS$1 million government grant to pay for it.
Horry Telephone Cooperatives Henry
McNeill (center) and Curley Huggins (right) present Jamie Best, HTC’s longest
continuous customer, with a check that guarantees him 52 consecutive weeks of
free phone service at a press conference celebrating HTC’s 50 years of service
to rural Horry and Georgetown counties in South Carolina.
In the September Prepaid
Supplement industry news, John Gill, former president of Global Prepaid
Alliance Inc., was mistakenly identified as a founder of that organization.
PHONE+ regrets the error.
In an article, "End of the
Line?," in the September issue of PHONE+, it was inaccurately stated
that FiberNet Telecom Group was on the verge of a bankruptcy filing. The
company is not in default of its bank agreement and has executed a
nonbinding letter of intent with its lenders to convert $66 million of bank
debt into common stock. The agreement was subject to a number of closing