Tuesday, March 03, 2009


Here is a guaranteed way to destroy your reputation before you are charged or convicted of a crime. Refuse to cooperate with inquiring authorities. It looks now like Stanford Financial Group's CFO is worried more about going to jail than his image. Actually, he is putting himself in jeopardy both of spending time in an enforced vacation and becoming a symbol of one more financial racketeer.

There are some actions that destroy one's image just by taking them. Asserting one's Fifth Amendment rights is equivalent to saying, "I'm guilty." Stanford's CFO is well within his legal rights, but beyond the mark in terms of his public reputation.


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