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Criminals In The Ceo Suite Jewelry Edition

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by Felix Salmon
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Dec 14 2007 12:00am EDT

Criminals in the CEO Suite, Jewelry Edition

We've all heard of CEOs who are convicted of felonies and go to jail. But it's rarer to see the sequence reversed: convicted felons becoming CEOs. Is that the American Dream?

In July 2004, Peter Bacanovic was sentenced to five months in prison for lying to federal investigators. In October 2006, he gave an interview to Landon Thomas, who described his life as "a slow trudge through the slough of a legal and regulatory despond," and quoted him thusly:

“I am chronically sick and chronically unemployed and without any specific plan about how to proceed next.”

And yet today we learn that Bacanovic is the new CEO of jeweler Fred Leighton. Nice recovery, that man!

(Via Lauren)

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