EppsNet Archive: White-Collar Crime

3 Former Titans of Industry Now Having a Worse Day Than You


Ken Lay – On trial for conspiracy and fraud. Could get 20 to 30 years in prison. Not good if you’re already 64 years old. Scott McNealy – Following yet another dismal financial report, resigns as Sun’s CEO after 22 years. Sanjay Kumar – Former CA Inc. CEO pleads guilty in $2.2 billion accounting fraud, faces up to 20 years in prison. Read more →

The Latte Factor


Is $1 million really better than a good cup of coffee? Someone has trademarked the phrase “The Latte Factor,” referring to his claim that you could save the $3.50 a day you’re spending on little things like coffee, invest it, and wind up with millions of dollars. I don’t doubt that under a certain set of assumptions, that’s true — although under another set of assumptions, you could invest the money and lose it all, in which case you’ve got no lattes and no money). Read more →