Crime and Punishment

Back in 2001, while Henrik Schoen was busy fiddling his lab results at Bell Labs, Robert Papalia was up to something similar at Nano World Projects Corp, a company whose business was “the development and commercial exploitation of nanotechnology.”

While Schoen was pilloried by the scientific establishment, perhaps to deflect any criticism of the publishers who were only too happy to publish his results without making particularly stringent checks, Papilla has been fines 75,000 Canadian dollars and banned from market activities for 25 years.

The moral of these two tales, if there is one, is that both the markets and the scientific community have their own functioning, albeit flawed, systems of checks and balances, but while Papalia is free to pursue other areas of business, Schoen was effectively banned for life.

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Comments 1

  1. Robert Papalia

    Concerning the fuss created both by the SEC and BCSC, I have only two comments to make. The announcements made by NanoWorld were true and accurate at the time. I did not make those announcements. They were written by professional people vetted by legal staff of the company. After everyone had given their approval, they were passed in front of my desk and released.

    My comments: The SEC after the fiasco of Enron and WorldCom had to make themselves look good and to pick on myself and Martha Stewart. When they held the hearings of NanoWorld, I was not available to be present for very personal matters (death in the family) and the SEC proceeded to make me the scapegoat of their inefficiency. The BCSC has proceeded to hold a hearing without my presence into something they do not have any jurisdiction to do. I will be dealing with them in the near future. My actions as Chairman of NanoWorld were impeccible and of the highest standard. The same I cannot say about the SEC and BCSC.

    Robert Papalia

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