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Technology / AI and automation

PATRICK SCHLEIBAUM FOUND GUILTY ON TWO FELONY COUNTS

MiniScribe Corp and its shipments of bricks masquerading as disk drives are long dead, but the cases lumber on, and a federal jury in Denver has found Patrick Schleibaum, former chief financial officer of the company guilty on two felony counts: he convicted of filing a false annual report to the Securities & Exchange Commission, overstating the company’s 1987 profit by about $15m after an elaborate scheme to conceal a $15m shortfall in inventory; he also sold some $1m of MiniScribe stock before the big shortfall was discovered.

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CBR Staff Writer

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