Friday, November 27, 2009

David Rubin Name 9th Most Outrageous CEO by Forbes

Oh well, between Alabama, a host of other states, the AIG connections, the non\exoneration of bill Richardson, the whole black box deals scandal, and now the indictments, yes I can see how he made the list:

David Rubin (No. 9) was busy rigging auctions, according to the Department of Justice. In October prosecutors indicted Rubin, the chief executive of CDR Financial Products, a municipal bond brokerage, on conspiracy and fraud charges. According to the indictment, Rubin's firm rigged auctions that help determine which banks get the lucrative business of assisting governments in raising money. The prosecutors contend that participating banks kicked a portion of their profits back to Rubin, who denies the allegations. Like everyone on this list who has been indicted but not yet found guilty, he of course must be presumed innocent until proven guilty. But also like all the rest, he has gotten himself into a heap of ugly trouble in any event.


It testifies to Rubin's ability to stay out of the public eye that even in this list Forbes couldn't dig up a photo of him!

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