Former Vivendi Universal executives Edgar Bronfman, Jr. and Jean-Marie Messier have been found guilty in Paris of criminal charges relating to misleading investors and insider trading. Ending a trial that began in June 2009, Bronfman, who at the time was Vivendi’s vice-chairman and now serves as CEO of Warner Music, received a suspended sentence of 15 years and a fine of $6.7 million related to insider trading. Messier received a suspended sentence of three years and a fine of $204,000 for charges that included misleading investors. He was found not guilty of a charge of manipulating share prices. The three-judge panel wrote that Messier “had awarded to himself, while the company was in grave difficulty, very large amounts.” Bronfman and Messier plan on appealing. In a statement, Bronfman said, “I am disappointed that the Court differed with both the Paris public prosecutor and the lead civil claimant
in the case. As I have consistently stated, my trades were proper.” Messier, who left Vivendi in 2002, said that the ruling was “profoundly unjust” and that he had “always led this company with integrity.” Also convicted was former Vivendi finance director Guillaume Hannezo, who was fined and received a 15-month suspended sentence. The convictions follow a class-action lawsuit in New York brought last January in which Messier and Hannezo were cleared of misleading investors.


Martha Stewart spent time in jail for a few hundred thousand dollars of inside trading.
Why do all the really big violators of business ethics, often at the cost of the public, get away with suspended sentences and multi million dollars fines?
The system is seriously broken, and the rich and powerful will continue their greedy abusive policies, because they know at the end of the day…it is only going to be a suspended sentence and fines paid with the money they literally stole from investors.
At least there is some gratification watching what a failures both Bronfman and Messier have been. Of course, they both have millions and million to soothe their shattered egos.
Because it’s France and they’ll roll over for anyone? He’d have seen the inside of a cell in the states. Plus Martha was so obvious and stupid about. Not to mention she’s part of the rich and powerful establishment you’re complaining don’t get punished. Step away from the cynicism, Tom, I think you’ve had enough.
Dear Think About It,
Bill Clinton wisely said that the difference between now and when he was younger is that he has learned although he may disagree, he no longer gets angry about it…and, I share his philosophy.
You may call it cynicism, but the fact remains that those in power often escape the consequences of their actions at the expense of the public on a global scale.
It is what it is…and, you are so correct…I have had enough…but, the process will continue pretty much unabated with or without my ‘cynicism’…it is what it is.
Think About It.
Not to mention that Edgar faked his own kidnapping to try to extort money from his father back in 1975… or that the great Seagram’s company began as a prohibition era organized crime/smuggling outfit…
A smuggling outfit that also featured the likes of John Kennedy Sr.
A suspended sentence is a slap in the face. The person who mentioned Martha is right on. She went to JAIL for a lot less. It is clear that the French judicial system is for the “haves” and “have nots.”
And how are those trials in the US for the massive frauds committed by investment bankers working out?
Anybody? Bueller?
More slaps on the wrist for white collar criminals.
The Guillotine would have been too good for them!
Greedy motherfuckers.
Send them to jail.
End of story.
The fine was lunch money for Eddie B.
Pricks.