Now in Legal Rebels:
Posted Apr 16, 2007 01:51 pm CDT
The former budget director for Ronald Reagan, facing trial on charges he hid the financial condition of the company he headed, is angry about the prosecution, the New York Times reports.
“It’s wrong. It’s sick,” David Stockman told the newspaper. “How can you end up losing $13 million of your own money and $350 million of your fund’s and still end up with 30 years in jail?”
Stockman was chief executive of Collins & Aikman, a maker of car parts. His trial on fraud charges is expected to get under way next year.