Ex-Delphi execs accused of fraud

Ex-Delphi execs accused of fraud

There are 7 comments on the The Indianapolis Star story from Oct 31, 2006, titled Ex-Delphi execs accused of fraud. In it, The Indianapolis Star reports that:

The Securities and Exchange Commission filed charges Monday against Delphi Corp.

Join the discussion below, or Read more at The Indianapolis Star.

Gail DeCaire RN

Oxford, MI

#1 Nov 1, 2006
I am a Registered Nurse and Retired General Motors Salary employee. How can OUR legal system "the SEC" "Settle charges with Delphi" "neither ADMIT or DENY the commission's allegations" When these men have STOLEN THEIR EMPLOYEE's Savings.
The American people Have a Right to know the Whole
Story.WE WANT A CONGRESSIONAL HEARING.
Gail DeCaire RN- The Last GM nurse(general motors) L.A.W.S. & ACORN
I WILL NOT BE SILENT.
Observer

Hanmer, Canada

#2 Nov 3, 2006
I guest its the same as Ken Lays getting away with robbing the employees of Enron.
Gail DeCaire RN wrote:
I am a Registered Nurse and Retired General Motors Salary employee. How can OUR legal system "the SEC" "Settle charges with Delphi" "neither ADMIT or DENY the commission's allegations" When these men have STOLEN THEIR EMPLOYEE's Savings.
The American people Have a Right to know the Whole
Story.WE WANT A CONGRESSIONAL HEARING.
Gail DeCaire RN- The Last GM nurse(general motors) L.A.W.S. & ACORN
I WILL NOT BE SILENT.
DaManNot

Frankenmuth, MI

#3 Nov 3, 2006
Well Gail contact the SEC and tell them your story
Dedicated to Delphi-S

United States

#4 Nov 6, 2006
I agree that the Delphi executives of the past deserve punishment (JT has not yet "paid the piper")... But I do not know of any instance where Delphi employee savings have been stolen by these executives

If you believe that Delphi stock would not have tanked unless these accoutning schemes occured you are incorrect ... We have been headed to Ch-11 for the last 3-4 years (why did the UAW leadership require the "GM accountable" clauses in the spin-off contracts, becouse the possibility was recognized back then)... All that the accounting schemes did was prop-up the stock (and credit rating) for an addtonal 12-18 months (now if you had been buying Delphi stock during the 2 years leading up to the Ch11 - Ouch!)

Best thing to happen to "Steering" will be when we are solf-off from Delphi and its sorted history
DaMannot

Frankenmuth, MI

#5 Nov 6, 2006
Yeah I am one of the foolish ones that bought stock at the inflated price of 16 bucks a share. The brokers even called me at work. What a scheme. Anyone else get stuck with 16 buck a share Delphi stock?
Dedicated to Delphi-S

United States

#6 Nov 6, 2006
Ouch!

Well, let continue to hope JT gets his due
damannot

Frankenmuth, MI

#7 Nov 6, 2006
I believe a alot more investigation needs to be done within Delphi's past dealings.

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