Business Ethics: The Magazine of Corporate Responsibility

Volume 4, Issue 3, May/June 1990

Two-Year Vacation Stocks

Doug Adams
Pages 25-26

I Am a Convicted Felon

My name is Doug Adam. I am a convicted felon. I turned myself in, in mid-1987, to a U.S. attorney in New York, pleading guilty to felony charges of tax fraud and fraud on a mutual fund. It leftme scared to death, millions of dollars in debt, with no job, and at the age of37 back living with my parents while I awaited sentencing. What began then was a painful process of self discovery. After thriving on competition and perfection all my life, how could I admit I wasn't perfect? Perfection wasn't even close. I was a felon.