e-district.net calls in fraud squad?
PrintIt gets worse...
Posted in e-Business, 28th February 2001 08:55 GMT
Free whitepaper – Dell PowerEdge servers product guide
The crisis surrounding e-districtict.net appeared to worsen today after the Times reported that the Serious Fraud Office (SFO) has been called in to investigate the irregularities at the British dotcom.
Yesterday, e-district.net confirmed that CEO, Stephen Laitman, had been dismissed amid allegations that he inflated usage and financial figures.
Laitman - who owns almost half of the company - has also been served with a writ for damages and his assets frozen.
Perversely, all this could work in e-district's favour.
With so much interest in the case it just might prompt people to take a look at e-district to see what all the fuss is about. Who knows, if enough people pander to their curiosity, it might even generate the high usage levels allegedly misreported by e-district. Then again... ®
Related Stories
E-district.net sacks chief and calls for SFO inquiry - The Times
e-district.net sacks CEO
E-district.net CEO accused of inflating figures
Free whitepaper – Out-of-box comparison between Dell, HP, and IBM blade servers
Analyst Keynote: The Register Agile Data Center Summit
What Exchange can't do - and Dell can
Hosted CRM Can Be Your Secret Weapon to Success!
10 Strategies for Choosing a Midmarket ERP Solution
Enabling The Agile Data Center
Google Spanner — instamatic redundancy for 10 million servers?
Early adopters bloodied by Ubuntu's Karmic Koala
Fedora 12 polishes Linux for netbooks
Sign up, sign up for The Register IT security newsletter