Word: ticed
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...giving a false confession is precisely what the three sailors say they did do. In their Nov. 10 petition to outgoing Virginia Governor Mark Warner, Danial Williams, Derek Tice and Joseph Dick Jr. claim that after Norfolk homicide detectives subjected them to hours of harsh and manipulative questioning, they fabricated elaborate details of a rape and murder that they had absolutely nothing to do with. The three were only part of a larger group of eight men who, over the course of a two-year investigation and three trials, were charged with the 1997 murder of Navy wife Michelle Moore...
...father, who says Dick has been slow since getting hit in the head by a swing when he was 3, believes the police could "convince my son to sign anything." But again, his DNA didn't match, and Dick gave the police more names, one of which led to Tice. "In the light of day, you say you wouldn't confess," says Tice over the phone from prison, "but in that room with [the detectives] standing over you, you get worn down...
Still, even Ballard's testimony won't necessarily be able to turn back the clock. While Tice firmly protested his innocence through two separate trials, both Williams and Dick ended up pleading guilty. The reason may be understandable in retrospect--both their lawyers told them to stick to the story to avoid the death penalty--but the fact that they affirmed their confessions doesn't help their case. No wonder prosecutor D.J. Hansen, who put the men behind bars, says there is nothing new in the petition that wasn't tested in the normal judicial process. "Justice was done...
Last week's revelations, which helped push down Tyco's already-sinking stock, only added to a cloud of suspicion that has been hanging over the conglomerate. For years, critics like Prudent Bear Fund manager David Tice have alleged that Kozlowski was using aggressive, although not illegal, accounting methods to overstate the earnings of a collection of slow-growth businesses. By encouraging a company to depress its earnings just before it was acquired, usually in the form of large write-offs of intangible assets, the critics assert, Tyco made its subsequent growth appear that much stronger...
...acquisitions, in effect creating stored earnings it can summon at will to pump up quarterly results in a way that makes earnings growth appear to be the result of expanding sales or higher margins. These allegations are "totally inaccurate," Kozlowski says. But those denials aren't persuasive to David Tice, who runs the Prudent Bear Fund and practices short selling, a technique that bets on a stock to fall. He has sold Tyco stock short and asserts that Tyco's core growth rate is just 7% or so a year--not the 15% to 20% that the company reports...