Gary Winnick and his serial executives at Global Crossing (otc: GBLXQ - news - people ) also submitted to the crucible of experience.

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"I think he needs to add a zero to it, " Lynn Sarko , a lawyer representing Global Crossing (otc: GBLXQ - news - people ) workers, told Reuters, adding that the amount was less than one-tenth of the losses Global Crossing employees had suffered.

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The memos released yesterday are designed to show that Winnick knew Global Crossing (otc: GBLXQ - news - people )--like many other telecommunications companies--would inevitably collapse in the wake of a huge buildup in capacity, just a fraction of which would ever be put to productive use.

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So far, U.S. prosecutors have failed to make a case against former WorldCom (otc: WCOEQ - news - people ) chief Bernard Ebbers , and the Justice Department announced late last year that it would not file criminal charges against Global Crossing 's (otc: GBLXQ - news - people ) Gary Winnick .

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