"Frank A. Dunn" is a Canada/Canadian business executive who was the Chief Executive Officer of Nortel Networks. In 2007, the U.S. Securities and Exchange Commission filed civil fraud charges against him, and three former senior executives, in a wide-ranging financial fraud scheme.

Dunn joined Nortel Networks as a management trainee in 1976, after graduating from McGill University. He was appointed CFO in 1999 under CEO John Roth (businessman)/John Roth. After Roth retired, Dunn became the CEO in November 2001 until he was fired for cause, along with several financial executives in April 2004.

On June 19, 2008, Dunn (then aged 54) was arrested by the Royal Canadian Mounted Police, along with two other former Nortel executives, charged with fraud affecting the public market, falsification of books and documents and producing a false prospectus.

On January 14, 2013, Dunn was found not guilty of falsifying financial reports in what prosecutors said was a scheme to report profits and gain bonuses. This came four years to the day after Nortel sought bankruptcy protection and began liquidating.

More Frank Dunn on Wikipedia.

We continue to see reductions in near term spending plans by service providers especially in the United States.

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The company does not have an immediate need for these funds, ... However, by taking this action we have taken advantage of the favorable terms in our current facilities rather than seeing this source of liquidity eliminated.

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We're willing to discuss the possibilities of a joint effort when the city is ready to discuss it.

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It all focused on Terry and his personal trading.

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Considering the current economic environment and tightening of capital within the telecom sector, we are projecting growth in revenues and earnings per share from operations in 2001 over 2000 of 30 percent.

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This matter is unfortunate but the actions we have taken are in the best interests of Nortel Networks.

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