Shuemake marks the start of his financial demise to September 1999 when Northpoint personnel staff directed him to Morgan Stanley (nyse: MWD - news - people ), an underwriter of Northpoint's initial public offering.
Nothing like a shopping spree at a fire sale--courtesy of would-be fiber giants like NorthPoint Communications and 360 Communications as they spiral into bankruptcy and unload their assets at a fraction of the cost.