Greatest Tech Scams that CEOs ever Did

By siliconindia   |   Monday, 23 January 2012, 23:46 IST   |    1 Comments
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3. Namesys, the corporation responsible for the Reiser3 (Reiser FS) and Resier4, was founded by Hans Reiser in an attempt to develop a better file system in 1997. Reiser went on to become the default file system of the Linux OS, but Hans got convicted for the murder of his wife, Nina Reiser, in 2006. For a second-degree murder charge, Reiser was condemned to 15 years to life in prison.

 

4. John Rigas, co-founder of Adelphia, was convicted with security violations that took down the company. The company, which grew from a family-run business into an IPO, fabricated figures that were given to investors, while concealing $2.3 billion in debts. The family, in the meanwhile, spent lavishly on cars, and other such luxuries. Rigas and his son Timothy (the company’s CFO) were imprisoned around 2002, consequently ending Adelphia’s assets with Time Warner Cable and Comcast.