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Overlooked news: Rudy Giuliani victim Richard Wigton died this past May

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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-06-08 05:58 PM
Original message
Overlooked news: Rudy Giuliani victim Richard Wigton died this past May
Edited on Sat Sep-06-08 06:10 PM by brentspeak
I don't think this was covered at all in the news, but just a few months ago, Richard Wigton, a Wall Street trader who Giuliani back in the 80's falsely arrested, paraded through a "perp walk" (at Wigton's work-place), and had completely ruined, passed away. I discovered this by doing a keyword search for his name (after reading about him on Wikipedia's 'Rudy Giuliani' article). This particular sentence in the Times' obituary is especially poignant, as it was Giuliani's false arrest which forced Mr. Wigton to retire from his job position:

"His entire career was spent at Kidder Peabody which he thoroughly enjoyed."

Here's a more detailed history of what happened:

ALLAN CHERNOFF, CNN CORRESPONDENT (voice-over): As U.S. attorney in New York in the '80s, Rudy Giuliani took down mobster, politicians and Wall Street traders. His aggressive application of the law brought high profile indictments, but some mistakes as well.

That's what happened to Richard Wigton, a mild mannered trading executive at the now defunct investment firm Kidder Peabody. In February of 1987, Giuliani went after him.

(on camera): Officers arrested and handcuffed Richard Wigton at Kidder Peabody's Wall Street headquarters. Wigton recently told CNN he was in a state of utter shock and disbelief. With tears flowing down his face, Wigton was marched through the firm's trading floor in front of his colleagues, charged with insider trading.

(voice-over): Wigton's attorney insisted there was no basis for Giuliani's charges. STANLEY ARKIN, RICHARD WIGTON'S ATTORNEY: ... did not make any use of inside information. These charges, again are without basis in fact.

CHERNOFF: Giuliani charged several other people that day. Among them Tim Tabor, a Merrill Lynch trader and former colleague of Wigton. Taber's attorney also said Giuliani was off base.

ANDREW LAWLER, TIM TABOR'S ATTORNEY: Mr. Tabor will be fully vindicated.

CHERNOFF: Indeed, U.S. attorney Giuliani dropped the charges against Wigton and Tabor three months later, promising to bring an expanded indictment.

RUDY GIULIANI, U.S. ATTORNEY: We're not going to go to trial with just the tip of the iceberg.

CHERNOFF: There was no iceberg. For more than two years Giuliani's threat hung over Richard Wigton and Tim Tabor, yet new charges were never filed. Only after Giuliani stepped down as U.S. attorney in 1989 did his successor finally end the investigation.

ARKIN: There was no reason for that arrest, no justification for it. There was nothing to it. They never were able to try that case that man went through torture and hell for a while.

CHERNOFF: Richard Wigton's career was destroyed. Unable to get his job back, at age 57, he was forced into retirement. Wigton declined to speak on camera about Giuliani but did tell CNN, "I was a victim. I was a victim of his ambition.

Tim Tabor, who never regained his job, also refused to speak on camera saying simply, "I wouldn't count myself as a fan" of Rudy Giuliani.

Why is that creeps like Rudy Giuliani all-too-often in our society not only get away with destroying people's lives, but then get to thrive even more?
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-06-08 06:03 PM
Response to Original message
1. Giuliani also made humiliation a part of parading Michael Milkin (King of the
Junk Bond Traders) in front of the cameras without his toupe, crying.

Giuliani's career has been built on dead, burnt bodies.
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firedupdem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-06-08 06:19 PM
Response to Reply #1
2. he's going to burn in hell for all his offenses...he's a piece of shit...n/t
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