Former Westar Chiefs Get Long Prison Terms In Looting Case

[WhiteTara]

Another of Tom DeLay's buddies.
http://www.washingtonpost.com/wp-dyn/content/article/2006/04/03/AR2006040300869.html
Whoopie! 18 Years!!!

The former chief executive of Westar Energy Inc. was sentenced yesterday to 18 years in prison for his role in a corporate looting case known in some circles as "the Enron of Kansas."

David C. Wittig, 50, and the utility's onetime top dealmaker Douglas T. Lake, 55, were convicted in September of conspiracy, wire fraud, money laundering and circumventing internal controls at the Topeka, Kan., utility.

U.S. District Judge Julie Robinson sentenced Lake to 15 years and ordered each man to pay $5 million in fines plus restitution. The two have already been ordered to forfeit more than $53 million to Westar.

Wittig's sentence is one of the longest handed down in a major white-collar fraud case and reflects the government's increasingly harsh reaction to corporate malfeasance.
:bounce::woohoo::applause:

[catmandu57]

1. Cool isn't it?

I've been following the trial, it's good to see these kennyboy wannabes aren't going to get off lightly.

[gratuitous]

2. Taking notes, Mr. Lay?

Because you might want to consider your options if these garden variet garbanzos got 15 and 18 years. Looks like your wife will have lots and lots of time to go crying on national television about how tough it is to be down to her last four houses.

I sure hope the authorities lifted his passport.

[salin]

3. remember westar bribed DeLay, Barton, Tauzin and Sen. Sessions

for a provision in an energy bill that would financially benefit ONLY that company. Inserted late night - and only yanked out b/c the media actually caught wind of it - and it was an oops! moment. But the intent to bribe for special treatment was there. The bribe was requested dollars sent to specific campaigns.

[leesa]

4. Sweet. 'Corporate looting' I like that. I wonder when we will be able

to charge Cheney and Dubya with that one for stealing our treasury.