The CEO of hosting software provider Compulinx, was charged and arrested for identity theft. No big deal, except for the fact that the victims of said ID theft were the company’s own employees.
Terrence Chalk and his cohorts applied for and obtained credit under the names of their employees, and used the money to fund company operations. Guess things weren’t going too well, and/or they’d already pissed off all the VCs.
UPDATE: It would have been a lot easier to hire a spammer to lay off all your employees for you.