Dintrox12 Posted November 12, 2009 Report Share Posted November 12, 2009 http://www.tsn.ca/nhl/story/?id=298085 Samueli was reinstated today . For those who may have forgotten. The Ducks owner lied under oath to the US SEC about back dating stock options. He eventually plead guilty in a plea agreement where he received 5 years probation and paying about 12 M in fines. However, last I heard the plea agreement was rejected by the judge and news quietly disappeared about this story. As far as I know he plead guilty but sentencing is up in the air. The NHL will look bad if he ends up doing jail time. Link to comment Share on other sites More sharing options...
MLSE_Mgmt_A_Disgrace Posted November 12, 2009 Report Share Posted November 12, 2009 http://www.tsn.ca/nhl/story/?id=298085 Samueli was reinstated today . For those who may have forgotten. The Ducks owner lied under oath to the US SEC about back dating stock options. He eventually plead guilty in a plea agreement where he received 5 years probation and paying about 12 M in fines. However, last I heard the plea agreement was rejected by the judge and news quietly disappeared about this story. As far as I know he plead guilty but sentencing is up in the air. The NHL will look bad if he ends up doing jail time. I doubt after being reinstated by the NHL that he will face any jail time.... Link to comment Share on other sites More sharing options...
Dintrox12 Posted November 12, 2009 Author Report Share Posted November 12, 2009 I doubt after being reinstated by the NHL that he will face any jail time.... the judge that rejected his plea agreement said at the time that it looked like he was buying his way out of jail time. currently the case sits on appeal with the 9th circuit Court of Appeals http://www.law.com/jsp/article.jsp?id=1202...on_Plea_Bargain There have been other media that have thought the NHL is premature in reinstatement because he still hasn't been sentenced. When he is sentenced, believe you me that the media will pick up on it and the NHL will be in the media for all the wrong reasons. Link to comment Share on other sites More sharing options...
js2 Posted November 12, 2009 Report Share Posted November 12, 2009 Really, NHL? Really? Link to comment Share on other sites More sharing options...
Guest Kovy-27 Posted November 12, 2009 Report Share Posted November 12, 2009 I think this would be the right decision to do,Basille would have made the league look like a joke.Yes,I'm one of Bettman's henchman and I'm trying to brain-wash all of you! Link to comment Share on other sites More sharing options...
ruuvimeisseli Posted November 13, 2009 Report Share Posted November 13, 2009 The NHL is made of crooks, i tell yea. Link to comment Share on other sites More sharing options...
JHaul Posted November 13, 2009 Report Share Posted November 13, 2009 And what exactly has Samueli done to backstab the NHL? Get over the Balsillie junk. They don't like him because of his underhanded method of trying to force his way in, on his own terms. This is completely irrelevent. Link to comment Share on other sites More sharing options...
Manatee-X Posted November 13, 2009 Report Share Posted November 13, 2009 And what exactly has Samueli done to backstab the NHL? Get over the Balsillie junk. They don't like him because of his underhanded method of trying to force his way in, on his own terms. This is completely irrelevent. +1. Despite the tag line, being an NHL owner isn't about having 'strong moral fibre' or whatever. It's about being rich and not doing anything to antagonize the league/the other owners. Link to comment Share on other sites More sharing options...
SteenIsThaFuture Posted November 13, 2009 Report Share Posted November 13, 2009 Also I'm sure they would prefer not to have someone with criminal allegations, but at the same time, what Balsillie did in their minds, was worse because they feel they can't trust him. That if he got into the NHL he would have his own agenda. Link to comment Share on other sites More sharing options...
catt-_mtlc Posted November 13, 2009 Report Share Posted November 13, 2009 The NHL is made of crooks, i tell yea. Always have been dating back to the original 6. Link to comment Share on other sites More sharing options...
roy_133 Posted November 14, 2009 Report Share Posted November 14, 2009 Balsillie has been caught once or twice backdating stocks as well. I believe there is another open investigation about it where he could very an incredibly hefty fine too. Link to comment Share on other sites More sharing options...
JHaul Posted November 14, 2009 Report Share Posted November 14, 2009 Balsillie has been caught once or twice backdating stocks as well. I believe there is another open investigation about it where he could very an incredibly hefty fine too. You are correct sir. Balsillie had his own brush with the OSC. In February, the commission fined RIM co-CEOs Balsillie and Mike Lazaridis, along with other RIM executives, approximately $77 million to settle allegations they participated in a practice known as stock option backdating. http://www.tsn.ca/nhl/story/?id=288286#YourCallTop Link to comment Share on other sites More sharing options...
Wayne-1 Posted December 12, 2009 Report Share Posted December 12, 2009 http://sports.espn.go.com/nhl/news/story?i...ce=NHLHeadlines Bettman: Samueli's Suspension 'Regrettable' NEW YORK (AP) -NHL commissioner Gary Bettman says it's "regrettable" that the league suspended Henry Samueli as owner of the Anaheim Ducks after he pleaded guilty last year to lying to investigators in a stock option backdating probe. A federal judge in Santa Ana, Calif., vacated Samueli's guilty plea earlier this week after the judge found no evidence of wrongdoing. Bettman said in a statement Friday that it was unfortunate that Samueli had to endure the suspension as owner of the Ducks. The suspension was lifted Nov. 12, before Samueli's plea was vacated. The co-founder of the Irvine, Calif.-based chipmaker Broadcom Corp. was suspended indefinitely from any involvement with the Ducks and the NHL in June 2008. - 30 - http://www.usatoday.com/money/companies/ma...ea_N.htm?csp=34 Judge dismisses guilty plea by Broadcom's Henry Samueli LOS ANGELES (Reuters) — A federal judge Wednesday threw out a guilty plea by Broadcom co-founder Henry Samueli, saying he did not believe Samueli knowingly made false statements to government securities regulators during a stock options backdating investigation against his company. Samueli had admitted to a single count of making false statements in May of 2008, shortly after stepping down as the chipmaker's chairman. The move came after Samueli — also the owner of the Anaheim Ducks hockey team — testified Tuesday in a criminal trial against Broadcom's former Chief Financial Officer William Ruehle in Santa Ana, Calif. Ruehle is accused of bilking the chip company's investors out of billions of dollars by hiding compensation expenses and backdating stock options awarded to Broadcom executives — who profited illegally from the grants, prosecutors say. But Samueli Tuesday rejected accusations that his company broke laws in backdating stock options and in his testimony blamed procrastination by Henry Nicholas, who was Samueli's co-founding partner at Broadcom. U.S. District Judge Cormac Carney threw out Samueli's plea Wednesday after his testimony concluded. The U.S. Attorney's Office had no immediate comment on the ruling. Ruehle's trial started in October and is the last of the criminal backdating cases to be tried since the government began examining options backdating in 2007. The backdating of stock options grants — used to lure and retain top talent especially at cash-poor tech companies — became a major issue a few years ago, with more than 170 companies investigated by U.S. authorities or conducting internal inquiries. - 30 - Link to comment Share on other sites More sharing options...
JHaul Posted December 16, 2009 Report Share Posted December 16, 2009 http://sports.espn.go.com/nhl/news/story?i...ce=NHLHeadlines Bettman: Samueli's Suspension 'Regrettable' NEW YORK (AP) -NHL commissioner Gary Bettman says it's "regrettable" that the league suspended Henry Samueli as owner of the Anaheim Ducks after he pleaded guilty last year to lying to investigators in a stock option backdating probe. A federal judge in Santa Ana, Calif., vacated Samueli's guilty plea earlier this week after the judge found no evidence of wrongdoing. Bettman said in a statement Friday that it was unfortunate that Samueli had to endure the suspension as owner of the Ducks. The suspension was lifted Nov. 12, before Samueli's plea was vacated. The co-founder of the Irvine, Calif.-based chipmaker Broadcom Corp. was suspended indefinitely from any involvement with the Ducks and the NHL in June 2008. - 30 - http://www.usatoday.com/money/companies/ma...ea_N.htm?csp=34 Judge dismisses guilty plea by Broadcom's Henry Samueli LOS ANGELES (Reuters) — A federal judge Wednesday threw out a guilty plea by Broadcom co-founder Henry Samueli, saying he did not believe Samueli knowingly made false statements to government securities regulators during a stock options backdating investigation against his company. Samueli had admitted to a single count of making false statements in May of 2008, shortly after stepping down as the chipmaker's chairman. The move came after Samueli — also the owner of the Anaheim Ducks hockey team — testified Tuesday in a criminal trial against Broadcom's former Chief Financial Officer William Ruehle in Santa Ana, Calif. Ruehle is accused of bilking the chip company's investors out of billions of dollars by hiding compensation expenses and backdating stock options awarded to Broadcom executives — who profited illegally from the grants, prosecutors say. But Samueli Tuesday rejected accusations that his company broke laws in backdating stock options and in his testimony blamed procrastination by Henry Nicholas, who was Samueli's co-founding partner at Broadcom. U.S. District Judge Cormac Carney threw out Samueli's plea Wednesday after his testimony concluded. The U.S. Attorney's Office had no immediate comment on the ruling. Ruehle's trial started in October and is the last of the criminal backdating cases to be tried since the government began examining options backdating in 2007. The backdating of stock options grants — used to lure and retain top talent especially at cash-poor tech companies — became a major issue a few years ago, with more than 170 companies investigated by U.S. authorities or conducting internal inquiries. - 30 - Wow, nice find Wayne. I curiously notice that not one person has posted here since this. Link to comment Share on other sites More sharing options...
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