I will not be a Hypocrite. I never met the man in person but his high and mighty attitude on FT tuned me against him. As I said
in this post he had the attitude of an 18th Century mill owner.
I feel very sorry for his family who will have to pick up the pieces. I feel especially sorry for his employees who trusted him to run the company and will probably find themselves out of a job.
He may have been one of the most frequent travellers on FT but if that travel and other luxuries such as dining in the kitchen at the best restaurants was funded by fraud then it counts for nothing.
Barton Watson, 44, has a rocky past. In Washington, D.C., he was accused of fleecing investors out of $230,000. He agreed to a plea deal in 1987 and was sentenced to one year to three years in federal prison.
"I have a lot of regret over what happened," Watson told a judge at the time, "not just because I stole a great deal of money from a number of people but particularly in that I abused their trust and friendship."
Lawsuit cites high-tech shell game
Lawsuit filed against The CyberNET Group in Grand Rapids