Nortel Networks Corp. executives accused of defrauding the company and the public have had their charges dismissed in a Toronto courtroom today, making them free men. Nearly a year to the day after their trial began in Toronto the three men are cleared entirely of wrong-doing and free to go. They are (l to r) ex-CEO Frank Dunn, ex-CFO Douglas Beatty and ex-controller Michael Gollogly. Thy were all accused of manipulating financial statements at Nortel Networks Corp. between 2002 to 2003. If convicted, each would have faced up to 10 years in prison. Nortel executives found not guilty on all charges
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Nortel Networks Corp. executives accused of defrauding the company and the public have had their charges dismissed in a Toronto courtroom today, making them free men. Nearly a year to the day after their trial began in Toronto the three men are cleared entirely of wrong-doing and free to go. They are (l to r) ex-CEO Frank Dunn, ex-CFO Douglas Beatty and ex-controller Michael Gollogly. Thy were all accused of manipulating financial statements at Nortel Networks Corp. between 2002 to 2003. If convicted, each would have faced up to 10 years in prison. 