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Looks like the $425 million figure was wrong (probably due to it being a sweep account as mentioned in the previous thread). How could such a basic mistake be m
by mmelin 16y ago
Looks like the $425 million figure was wrong (probably due to it being a sweep account as mentioned in the previous thread). How could such a basic mistake be made? According to this article, the business had $50 million in revenue the past 10 years, with $21 million in postage costs alone.
- hga 16y agoThe prosecutor didn't know what a sweep account was according to reports from the initial bail hearing: http://news.ycombinator.com/item?id=1482497 http://news.ycombinator.com/item?id=1482497. You might be surprised at how totally incompetent prosecutions can be at times, especially those that aren't motivated by a real desire to get bad guys. E.g. Reagan's NASA administrator (removed from his position before the Challenger disaster). This was WRT to the version of the DIVAD that actually worked, the problem was that the contract was a hybrid cost plus/fixed cost beast. The prosecution team had to admit they didn't have anyone on their team with experience in federal contracts (!!!). For some strange reason the judge wouldn't let them move dismiss the case without prejudice (i.e. with prejudice means they can't give the case another try later, it's over for all time).