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Resource ID: #20653
Subject: Business
Source: Fortune
Affiliation: 
Date: 24-Jun

Description

What goes up, comes down. However, Global Crossing telecom head Gary Winnick dug his own grave, says Fortune. After transforming himself from a furniture salesman to one of the most sought-after millionaires, Winnick started swindling money from Global Crossing. And it only had to stop when the telecom giant with a simple business plan filed for bankruptcy after the dot-com and telco bust.

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