The former CEO of Plymouth-based technology company Zomax, James T. Anderson, and his lovely wife Mikki, were charged yesterday with financial crimes and insider trading for allegedly dumping $14 million worth of stock. The charges date back to the tech bubble burst. Zomax was riding high until the Andersons found out that sales, well, sucked. Rather than take a loss, the Andersons sold 832,000 shares of their Zomax holdings before the company released the grim sales forecast. Anderson also is accused of tipping off his friend Neil Dolinsky about the bad news who is accused of avoiding a $120,000 loss by selling 11,000 shares. And so, someone’s probably going to jail, but look on the bright side: Zomax is hiring.
Charged: Our Own Martha Stewart
Aug 3 2005 — 2:00am
1 Reader Comment
1:21 pm
Well these folks sound pretty “bad.” We better release some cop-killers to make room for these deadbeats in the big house. BadMark doesn’t give a damn.