Attorney Eron Psykhe, foreground, and client Gene Daimon
New York, NY (MAP) June 16, 2008 – Just when you thought things couldn’t get stranger, materialism meets myth, corporate disaster meets the soul’s code, Normand Myers meets his match.
Myers, 43, who was convicted last year of fraud and conspiracy and sentenced to 25 years in prison for his role in Millenius Communications’ $9 billion accounting scandal, has filed a negligence suit against his Inner Guide, Gene Daimon, of Acorn Theoretics, Inc.
The suit charges that Daimon urged Myers, then CEO of Millenius, to make the decision to stop at nothing to keep Millenius’ performance in line with Wall Street analysts’ estimates, even if it meant reporting expenses as capital, which he did, subsequently leading to Millenius’ ruin as well as his own.
Jones Behrand, Myers’ attorney, said, “The Inner Guide has a contractual duty to best serve the interests of its human client. And Mr. Myers feels that Mr. Daimon, who was acting on his behalf in that capacity, failed to meet that duty by inspiring the decision to falsify accounting. Mr. Myers feels betrayed, and rightly so.”
Myers’ downhill slide began in 2004 with a request from the SEC regarding Millenius’ accounting procedures. Shortly thereafter, with Moody’s and S&P cutting Millenius’ short- and long-term credit rating and Millenius’ shares on the brink of plummeting, Myers was forced to resign as CEO.
Myers was indicted in 2007 and had no recourse but to attempt painting himself in a better light prior to his trial by agreeing to forfeit nearly all of his personal assets, totaling roughly $50 million, to settle a civil suit filed by investors.
Now Myers’ bad ride has bottomed out. He’s fresh off failure to see his conviction appealed, he’s scheduled to report to a federal prison in Mississippi on August 26th, and he’s practically penniless.
“This negligence suit of Myers’ is clearly a move to build himself a little cushion to land on when he gets out of prison,” said Vincent Scorsazza, attorney of former Millenius CFO, Ross Masseu, who was lightly sentenced last year due to a plea agreement. “If [Myers’] good health prevails, he’ll have some good years ahead of him after he’s released.”
Myers is seeking $1.1 billion in damages against Acorn Theoretics, Inc. for financial losses, defamation, and emotional distress due to the alleged gross negligence, mismanagement, and fraudulent acts of Gene Daimon. But Eron Psykhe, Daimon’s attorney is utterly unphased, “This is a case of the clashing of two worlds, human and spiritual, and the former can’t harm the latter.”
Asked to elaborate, Psykhe said, “The contract with Myers is straightforward and Daimon and Acorn have not failed to meet their duty.” He paused and added, “It’s a common misconception that Inner Guides always lead their human clients to good. Inner Guides lead their humans to whatever destiny they have chosen for themselves before coming to earth, whatever they have come to this planet to experience to aid their progression in the spiritual realm.”
Why then, you might ask, if Daimon and Acorn Theoretics have that kind of power, would they allow this scenario to get this far, to the point of a lawsuit? Psykhe smiled and said, “This is all part of what Mr. Myers wanted to experience.”
All photos from Getty Images
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