So again in the news about another rich bastard swindling people out of their money. http://news.bbc.co.uk/2/hi/americas/7899680.stm

The one thing that surprises me though is that this guy actually chose to disappear. Why? Its not like he has anything really to worry about. At worst he just like Madoff (another rich bastard), will most likely get a cushy sentence of house arrest. Oh nohs!!


It occurs to me, that the more you cheat and steal and the bigger amount, the easier it is for you to get off (probably because of shock due to the magnitude of the amount). Consider this: If you are a lowly worker at some financial firm, or any other business, and you start skimming off the top, and end up with a considerable amount of money for yourself (just a few million or so), well if the authorities get wind of this and catch up, you face the possibility of 5, or even more years in 'federal-pound-me-in-the-ass-prison (Office Space reference). Yet if you are the CEO of the company, or are a pretentious a'hole like Madoff, who swindle mad amounts of money, the worst you get is, house arrest! I'm sorry, am I the only one who sees something wrong here?

Plus his wife is also accused of fraud since she also accepted millions questionably when his 'ponzi' scheme was yet to be uncovered. As for these two, they should be hauled off and strung up by their heels, just like Mussolini and his wife!!! (I make NO apologies for that statement!)

Its bad enough that we are in the economic situation that we are in now, yet these types of people show up who are found to have stolen billions and continue to do so knowing full well of how dire things already are!

Now people who have services with Standford's enterprises are making runs on that bank, potentially collapsing it. We need this like a diabetic needs to go on a sugar binge!!!


Lets face it, accountability in the white collar world just doesn't really exist. Hell look at the stock markets. Trillions have disappeared, and yet they have the nerve to ask for help and guess who picks up the tab? (Also demand that there is no oversight of how the money is handled).

"We lost a considerable amounts of money, please help us!"

"Well where did all that money go to?"

"We really don't know, but we need money badly!"

"Ok."

on steven colbert they mentioned that it is more difficult because they have better access to justice.

comparitively drug dealers affect fewer lives and have much stiffer penalties.

but it is hard to convict enron, worldcom, madoff, housing lenders, ... of wrong doing becuase they can lawyer-up very easily. but for people who do blue-collor crimes they dont have the resources to hire lawyers so they plea bargain and get longer sentances.

As the old saying goes: there's one law for the rich, another for the poor.

Seems to me like the United States is heading into an "Argentine Crises" which could quickly turn into a "French Revolution". I mean really, if the US can use "harsh interrogation" methods on suspected "terrorists" then I think "harsh interrogation" methods can be justified for use in cases like this.

Some Judge somewhere is going to have to grow a pair and hand down a harsh sentence that does not involve jail time but instead is a public stoning of the convict by the victims.

In fact I am sure we could even recover some money if we broadcast the punishment on pay per view.

also, oj was acquitted of murder largely because of johnny cochran.
but he is now in jail because of his assault charge (he simply didnt have any money left from his previouse court case so he couldnt afford a cochran-esque lawyer to get him out of jail).

i find it ironic that it is the same person; the only difference is that he is no longer rich.

I will avoid saying anything that might cause me to be hated (such as revealing my religious or political beliefs); but how difficult is a Ponzi scheme for investors to suspect? I looked it up, but didn't see anything that would answer that. If it's not very difficult, then in addition to the crime being sad, so was the investors' gullibility.

There is a small pond on Bunder Road in Kankipadu, A.P., India. Within the grounds I saw a small temple. The road to Godivada runs by with a fish market.
Sometimes we presume nothing is happening. How would have King Richard returned if he made no effort, being childless.

Your first three sentences seem incomprehensible.

However, I understand the last one.

Ramalinga Raju - CEO Satyam ... He siphoned off 7500 crores (approx 1600 million USD) in funds ... Fondly remembered as India's Enron ...

And I'm 100% sure that once the media hype dies down - he'll walk scott free!

debian

1.6 billion? Wow. Nah, I'll bet he goes to prison unless he's very, very clever or unless your justice system fails disastrously.