Somebody In Urbandale Hates Clark McLeod

From the Des Moines Register's Letters section:

Everyone is ranting and raving about the new McLeod Center in Cedar Falls. Was the naming of that center paid for by the thousands of shareholders who were bilked out of millions of dollars by McLeod? I was one of them.

Are the rabid sport fans aware there is currently a $30 million class-action lawsuit filed by the stockholders against this corporation for fraudulent misrepresentations about the acquisition of Intelispan, Inc.? Do they know McLeod is now bankrupt? Perhaps we should have named it Enron Field, or WorldCom Stadium?

- Lonny Bartels, Urbandale.

McLeod himself isn't bankrupt, but McLeod USA, the last company he ran into the ground with the help of Crooked Jack Grubman's "buy" ratings on the stock all the way to bankruptcy, has been declared busted twice. And still he has found the time to create a new startup, Fiber Utilities, which aims to rip off taxpayers in municipalities all across Iowa.

Clark McLeod is an evil, evil, evil man. And don't get Iowa taxpayers started on the ripoff known as the ICN.


Related: Clark "Spinner" McLeod, The Broadbandit, Pays $4.4 Million Fine