Les Earnest, former USA Cycling wonk, and current Executive Director of the FIAC (Federation of Independent Associations for Cycling) has this to say about Jim Ochowicz in a recent rec.bicycles.racing post.
You are well advised to be suspicious of Jim Ochowicz. I first met him in 1978 when he was competing in the Red Zinger stage race in Colorado and I was the chief timer. There was a particularly difficult stage from Aspen to Vail over Independence Pass where Ochowicz apparently finished third. Trouble was, he had come off the back of the main field and was never seen again until he crossed the the finish line well ahead of the field! He got caught that time but probably didn’t learn from it.
Ochowicz’s ethics seem to mesh nicely with those of his employer, Thomas Weisel Partners, which was recently fined $12.5 million for securities violations.
Thomas Weisel Partners was fined another $1.75 million this past year by the NASD for “engaging in improper initial public offering (IPO) allocation practices …”