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"Yesterday justice was served when Walter Forbes, the former CEO of now-defunct Cendant, was convicted of a conspiracy so unbelievably large that I still can't believe it was pulled off," Jim Cramer said on his "RealMoney" radio show Wednesday.
Cramer said he finally got his payback when Forbes, the man who lied to his face about how well Cendant was doing, "ripped out $18 million from me and my partners in one brief moment," was convicted.
Cendant was the merger of two service companies, CU International and HFS, Cramer explained. ...
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