Posted December 15, 200519 yr http://columbus.bizjournals.com/columbus/stories/2005/12/12/daily33.html Business First of Columbus - 12:55 PM EST Thursday Blackwell gets 6 years in prison; co-defendants to be jailed A federal judge has sentenced Roger D. Blackwell to six years in federal prison for his role in the 1999 Worthington Foods Inc. insider-trading scheme. U.S. District Court Judge James L. Graham on Thursday also ordered Blackwell, 65, to pay a $1 million fine. Earlier in the day, Graham sentenced co-defendants Kelley L. Hughes to 33 months in prison, while Hughes' husband, Kevin L. Stacy, got 27 months. They were each fined $53,433, their share of the ill-gotten proceeds from trading in Worthington Foods stock prior to the public announcement in 1999 that the company was being acquired by Kellogg Co. Blackwell, a former Ohio State University marketing professor, and his co-defendants have until Jan. 9 to report to prison. Blackwell's attorney's requested he be sent to a minimum-security prison in Morgantown, W.Va. More at link above:
December 15, 200519 yr i was suppost to be in his marketing class this past quarter but once he was found guilty, I got a new teacher. He was supposedly a really good teacher too...and when I say good I mean easy.
December 15, 200519 yr I once interviewed Blackwell. Smart man, but very full of himself. According to recent newspaper articles, his downfall was his ex-wife, who testified very effectively against him. He was seen by not only several reporters, but also several jury members, looking at his wife and motuhing the words, "I hate you you bitch", after she testified. Lesson learned: arrogance will get you federal time. Wonder if OSU will finally change the name of the "Blackwell" hotel & conference center. Talk about being slow on the uptake.
December 16, 200519 yr you know I graduated from Ohio State with a Welding Engineering degree, but I started as an Electrical engineer. The two classes I learned the most in were art and music since 1950 and Blackwell's marketing class. Prof. Blackwell's class was not easy, but if you made it to the lectures 3 times a week, you would probably pass his pop quizzes. Probaby the most inspirational lecture I ever heard was the one where Prof. Blackwell explained that luck was being at the right place at the right time. So, how do you manage luck? Be at the places you KNOW you should be, but sometimes think it is too much of a chore. What cemented my memory of that lecture was the pop quiz he gave after (there were 4 pop quizzes that counted for half the grade) Simply, if you wrote your name, you got 100% on that quiz. You got lucky because you were at the place you were supposed to be. Say what you want about the guy in light of the conviction, but do not take this from him, he really cared about his students. The overall theme of his class was do not be persuaded by marketing! Shop at Aldi's. Perceived quality is not the same as demonstrated quality. Also, he would beg us to start saving and start investing. The first 5 students who woudl open an IRA, he would match the initial invsestment up to $200. He would tell us how to read a company, if they really cared about what they did, if there actions reflected well against their mission statement, if so then invest with them otherwise, steer clear. Did I forget to mention that he had 10 hours of office hours a week for students of this class. He would charge corporations and individuals thousands of dollars an hour to speak with him, but if you took his class, his thoughts and opinions were for free. Despite the conviction, I have a great deal of respect for Prof. Blackwell
December 24, 200519 yr Book-deal ban draws attorneys’ objection Saturday, December 24, 2005 Barnet D . Wolf THE COLUMBUS DISPATCH Attorneys for Roger D. Blackwell want U.S. District Judge James L. Graham to rescind part of their client’s sentence that prohibits the State University professor from profiting from his crimes by writing a book about them. Graham last week sentenced Blackwell to six years in a federal prison for insider trading and related crimes. The judge also ordered the former professor to pay a $1 million fine and serve three years of supervised release after the prison sentence ends. More at: http://dispatch.com/business-story.php?story=dispatch/2005/12/24/20051224-B1-04.html&chck=t
December 26, 200519 yr Blackwell’s name golden no more Benefactor’s fast fall toward prison puts OSU in a quandary Monday, December 26, 2005 Barnet D . Wolf THE COLUMBUS DISPATCH With Ohio State University on winter break, the lobby of the Roger D. Blackwell Inn has been quiet during recent mornings. Red and white poinsettias dot the first and second floors of the upscale hotel and conference center, known collectively as The Blackwell, which is attached to the Fisher College of Business. One day the lobby’s sound system quietly featured a jazz version of the melancholy holiday standard I’ll Be Home for Christmas. The music might reflect a deep wish for the hotel’s namesake, Roger Blackwell. Ten days before Christmas, the former marketing professor was sentenced by U.S. District Judge James L. Graham to six years in prison and fined $1 million for insider trading and related crimes. More at: http://dispatch.com/news-story.php?story=dispatch/2005/12/26/20051226-A1-02.html&chck=t
December 28, 200519 yr I agree with Punch on this one. I had him as a marketing professor as well, and it was one of the most inspirational classes I took at OSU. The school really lost a great teacher...
August 29, 200618 yr http://columbus.bizjournals.com/columbus/stories/2006/08/28/daily11.html Blackwell loses appeal of insider-trading conviction Business First of Columbus - 3:55 PM EDT Tuesday by Kevin KemperBusiness First A federal appellate court Tuesday rejected Roger D. Blackwell's appeal of his 2005 conviction on insider trading-related charges. A three-judge panel with the Sixth Circuit U.S. Court of Appeals in Cincinnati unanimously turned down Blackwell's request for a new trial. The former Ohio State University marketing professor argued in July that he was deprived of a complete defense in his criminal trial last summer. More at link above:
March 10, 200718 yr Appeal of Blackwell conviction is rejected U.S. Supreme Court declines to hear case of former professor Saturday, March 10, 2007 Barnet D . Wolf THE COLUMBUS DISPATCH Roger D. Blackwell’s attempts to have his insider-trading-related conviction overturned or get a new trial have been exhausted. The U.S. Supreme Court recently denied the former Ohio State University marketing professor’s appeal, according to court documents. Blackwell was convicted in 2005 by a federal grand jury in Columbus. He is serving a six-year sentence in a federal minimumsecurity correctional center near Morgantown, W.Va. More at: http://dispatch.com/business-story.php?story=dispatch/2007/03/10/20070310-B1-02.html
March 16, 200718 yr He may be an unethical bastard.... but he was also one hell of a professor. I had him for my Intro to Marketing and it was one of the best classes I had at OSU. What a shame...
March 16, 200718 yr Perhaps his skills of marketing and persuasion will spare him an ass-pounding or two. Sorry, but I have zero-sympathy for white-collar criminals. My bleeding heart can see why a punk kid might hold up cell phone store. Millionaire insiders gaming the securities system? Not so much sympathy there.
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