Global Crossing: What Did Winnick Know?

Gary Winnick, the flamboyant chairman of Global Crossing, is expected to be the next embattled executive to take the Fifth Amendment on Capitol Hill, when he appears this week before Representative Billy Tauzin's House Energy and Commerce Committee. "We want to know what Mr. Winnick knew about the shaky state of company finances when he cashed in," says Investigations Subcommittee chairman James Greenwood. But what it doesn't get from Winnick, the committee may learn from documents that suggest Winnick was well aware of Global's financial troubles even as the company--stop us if you've heard this before--was presenting a rosy picture to...

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