Friday, May 09, 2008

Richard Altomare Jailhouse Vigil: Day Seven

So it's now a full week in jail for Richard Altomare, ex-CEO of Universal Express and an inspirational figure to corporate thieves and stock market conspiracy theorists everywhere. He'll be in New York's Metropolitan Correctional Center, by order of U.S. District Court Judge Gerald E. Lynch, until he coughs up $1.7 million he stole from investors,

The silence from Baloney Brigade activists, especially Overstock.com CEO Patrick Byrne, has been deafening. A good man like this should not be forsaken. After all, Altomare has stood foresquare with Byrne in the past:

Universal Express Supports Overstock.com's "Naked Shorting" Suit Against 10 Major U.S. Brokerages
Business Wire, Feb. 5, 2007

NEW YORK -- Universal Express Inc. (OTCBB: USXP), today announced its support, and congratulates Overstock.com and its Chairman, Dr. Patrick Byrne on the filing of its $3.5 billion lawsuit in California against 10 major U.S. Brokerages.

"Universal Express would like to extend its congratulations to Overstock.com and Chairman Dr. Patrick Byrne on its 'Naked Shorting' suit. Universal has received judgments in Florida courts of over $700 million against Naked Shorters, and is also contemplating further lawsuits," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
So where is the gratitude?

© 2008 Gary Weiss. All rights reserved.

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