CyberNet

I've been trying to explain this story for a few weeks now. It's a real mess of a scandal and now my family is tied into it (through a car). People outside of Grand Rapids seem to be really unaware of it, and I suppose it is a "local" topic, but it's a parable fit for any Law & Order fan or prospective international banker. Here's a good synopsis (and a paragraph which neatly summarizes it.)

It's March, and CyberNet's headquarters is still bristling with activity and filled with people. Nearly four months to the day after its chief executive took his own life and the company collapsed, the offices are crowded once again: This week, under the direction of bankruptcy court, CyberNet's assets are being auctioned off to the highest bidders in an effort to return some funds to the company's cheated creditors. People from all over Michigan have come to find bargains, but many have also come to see the inside of the extravagant offices and gawk at the jaw-dropping riches, which have become legendary, if not infamous.

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