Hundreds of Coloradoans have signed our petition to show their support for holding Colorado’s corporate criminals accountable.
But Colorado’s corporate lobby is stepping up its opposition—just last week, the Denver Metro Chamber of Commerce showed up to lobby against a commonsense corporate fraud ballot initiative that would hold corporate criminals accountable.
Qwest Communications International retiree Lew Ellingson knows all too well the effects of white-collar crime.
His company’s former CEO, Joseph Nacchio, was convicted last year on corporate fraud charges. “I put in 30 years for the Bell System and worked by the rules to do my job,” Ellingson said. “To have the head of the corporation walk away with millions of dollars, while workers are losing their pensions—it’s flat out not fair. I proposed this initiative to hold those CEOs accountable.”
We, the taxpayers of Colorado, support a new measure that will stop corporate criminals from breaking the law and leaving us to pick up the tab. We will support a law that:
* Forces heads of companies to pay out of their own pockets if they commit fraud.
* Makes corporate executives personally guilty of a crime if they don't report fraud in their companies.
* Collects the money from corporate criminals and gives it back to the Colorado taxpayers that they ripped off.
* Requires CEOs and executives to report criminal fraud to the attorney general if they want to avoid prosecution or paying damages for their company's wrongdoing.
We, the undersigned, will support such a law--whether by initiative or legislation--to hold corporate criminals accountable.
Signed by:
[Your name]
[Your address]
