Executives Gone Wild

Ok I've finally come to the end of the Bad Mogul list for 2007.

Frankly, I could have gone on with a few more names - a business executive here, an entrepreneur there, a really bad mogul everywhere!

But I had to stop somewhere.

It's really fascinating to see the lengths that entrepreneurs, executives and Mogul wannabes will go to in order to make a buck, keep a buck or make us think they ‘re worth a lot of bucks!

Even though I'm closing the list for 2007, I'm still interested in your picks. So please let me know if you think of an entrepreneur, business executive or business owner that would be a great addition to the Bad Mogul team.

So without further delay ... I introduce you to the final two executives that complete the Bad Mogul 2007 list ...

Drum Roll please!

Who: Norman Hsu

Industry: An entrepreneur in the apparel business?

Company: Sketchy ... apparently not a current executive

Title: "Mysterious political fundraiser and entrepreneur"

Offenses: Where to start ... (1) 1992 no contest plea to Grand Theft; (2) Fleeing from that charge before sentencing; (3) Fleeing again in 2007 after being exposed as a fugitive and turning himself in on the 1992 charge; (4) Allegations of bilking dozens of investors in a fraudulent investment scheme .. the estimated amount bilked - about $60,000,000!

Observations and Comments:

This will be a movie or TV mini-series!

It's just too damned juicy for Hollywood to pass up.

This scandal involves hundreds of thousands of dollars in political contributions ... mostly seemingly to Senator Clinton.

The politicians ran for cover like wild animals from a forest fire!

Also, Hsu left a string of failed businesses from the U.S to Hong Kong. It's definitely the American way to pick yourself up from a failure and try again.

But, according to articles, this Mogul wannabe allegedly lied to and cheated many people.

Hsu also claims to have been kidnapped in the early 1990's by people affiliated with Asian gangs.

Finally, after he was discovered as a fugitive on the 1992 issue, Hsu turned himself in, posted bail and ... ran again!

He was caught after boarding an Amtrak train and then suffering a mysterious fall that required hospitalization!

Who: Raman Handa

Industry: Jewelry Retail

Company: Alpha Omega Jewelers (The Boston, MA area)

Title: Chief Executive Officer

Alleged Offenses: Fleeing the U.S. after his firm careened into financial distress

Observations and Comments:

Alpha Omega's difficulties include over $6,000,000 in inventory that can't be found.

Handa and his family suddenly left the U.S. during the height of the holiday season.

He had been hospitalized to treat a mysterious medical condition. But then he took his family to India and has not returned.

Handa reportedly left to seek traditional Indian treatments for his medical condition .... Whatever that is!

Alpha Omega was taken over by creditors and will likely be sold.

Well there it is folks. The 2007 Bad Mogul List. I hope you enjoyed it.

Maybe you even learned a thing or two!