whistle What would prompt the CEO of CyberNET to want to kill himself?

Edited on Wed Nov-24-04 05:03 PM by seemslikeadream

Thread from LBNseemslikeadream CyberNET Group CEO killed during standoff (Ada Township, November 24, 2004, 10:50 a.m.) Barton Watson was found dead in his home after being involved in a standoff with police.The incident follows a federal investigation of The CyberNET Group in Grand Rapids that began last week involving a massive fraud probe.The incident began when police say Barton Watson called them around midnight saying he wanted to hurt himself. Authorities came to Watson's house in the hopes of stopping him from harming himself. They talked with Watson for sometime and knew he was alone in his house with a gun. "Within an hour of us coming out here, around 1:00 or 1:30 a.m., officers did hear gun shots within the house. They didn't feel that those were shot towards the officers, but that did concern the officers on the scene," Sergeant Roger Parent of the Kent County Sheriff's Department told 24 Hour News 8.

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whistle What would prompt the CEO of CyberNET to want to kill himself? seemslikeadream Lawsuit filed against The CyberNET Group in Grand Rapids (Grand Rapids, November 19, 2004, 6:01 p.m.) A lawsuit has now been filed against a Grand Rapids Internet company after federal agents raided the building.On Wednesday, federal investigators shut down The CyberNET Group on South Division Avenue and locked employees out. Sources tell 24 Hour News 8 that investigators were looking for evidence of wire, mail, and bank fraud. They hauled away computers and financial records linked to the company. Employees returned to work Friday for the time since the raid. They entered through a backdoor of the world headquarters facility on South Division Avenue.Now 24 Hour News 8 has obtained copies of a lawsuit filed Thursday against CyberCo, the parent company of The CyberNet Group. Fraud is one of the allegations outlined in the lawsuit.In the lawsuit, Charter One Vendor Finance of Illinois says it loaned The CyberNET Group $3 million so the company could buy 66 computer servers. But in the lawsuit, Charter One said it could only find evidence of 25 servers at the company's Grand Rapids' headquarters, and The CyberNET Group could not provide an explanation. Charter One believes The CyberNET Group misused the loaned money and used false information to secure the loan.
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