Williams Jailed
Former HIH Insurance chief executive Ray Williams was sentenced to a minimum of two years and nine months imprisonment, with a maximum term of four years and six months. On 14 January 2008, Ray Williams was released from jail after serving just under three years for his role in Australia's largest corporate collapse.
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“What is more pretentiously
useless
or about which
we more pride ourselves?
It leads as often as not
to our undoing.”
—William Carlos Williams (18831963)
“One alone in a Chinese square
confronted tanks, while others fled.
He stood for freedom for us all,
but few care now if hes jailed or dead.”
—Jimmy Carter (James Earl Carter, Jr.)