It is interesting to note comments about the recent downfall of corporate institutions and their highflying executives.

These failed executives all have a common thread known as greed, made from their devious schemes to extract funding by foul and fraudulent means. These schemes become more apparent close to their final demise and appear in all newspapers.

However, criminal charges involving heavy jail sentences are inevitable to these highfliers for the sake of public scrutiny and in the name of Law.

The latest scheme coming from the Schaeffler family to avoid the inevitable loss of control, caused by the exact same greed, may involve criminal charges especially having prior convictions of 'Price fixing cartel' with their collaborator SKF and further allegations of counterfeit deception simply known as fraud.

And in the wash-up all executives from these companies are put on notice to provide statements or subpoenaed to Court during all Bankruptcy hearings.

Other News:
Beware of Wash-up Involving Bankruptcy
European Bearing Cuts Manufacturing
NSK Recommendation Achieves Cost Savings (Pic)
Minebea Closing Skegness Ball Bearing Plant
Federal-Mogul Takes Larger Goetze Position
Timken Expands Line of Heavy-Duty Wheel Seals and Tools
Timken Realigns to Improve Efficiency, Reduce Costs
Timken Announces Leadership Changes