armand-rousso

Convicted felon Armand Rousso leaves a stench Accoona can't expunge

Owen Thomas · 08/08/07 10:53AM

Armand Rousso is an international man of mystery — Internet-style. Long before today's Web 2.0 kids were even suckling at their mamas' teats, in the 1980s — or so he claims — he invented e-commerce. Others claim that, at the same time, he invented e-commerce fraud. On an ancient MCI telecom network, he ran something called the International Stamp Exchange — and, claims engineer David Glassman, who says he wrote the code for the exchange, faked all the bids on it to simulate activity. No matter. The purported ruse won Rousso coverage in Time magazine. Now, an e-commerce company he's backing, Accoona, is trying to go public. "Investors should run away screaming," writes Henry Blodget — and he knows a thing or two about investors running away screaming. But he's just looking at the numbers. There's way more to this story — and it all has to do with Rousso's suspicious business dealings.