this post was submitted on 03 Oct 2023
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165 years for white collar crime, no fucking chance
They only made $322k, that's nothing.
What did the Enron guys get?
They didnt make enough money to receive a lesser sentence.
yeah that's insane that murder is like we might put u in jail but you'll be released in a couple years
fuckin 20 bucks is stolen and that's an instant 100 year sentence
Skilling got 24 years which was reduced to 14 in 2013. Lay was convicted of crimes that have a max sentence of 45 years, but died before sentencing.
They're probably not rich.
HEY! You stole money from the people who have lots of money! THAT’S MORE ILLEGAL THAN ALL THE OTHER STUFF!
I like the part where it's like a zillion times more illegal than trying to overthrow democracy. The USA "justice system" is a joke.
Ironically, Viggiano and his team from the University of Tampa won a 2018 ethics competition
Best part of the article.
Points for creativity, I guess? I'm pretty sure a Goldman Sachs analyst can figure out how to do it properly, though...
Fun fact, personal cell phones on the trading floor arnt allowed, to avoid unlogged comms by traders.
Aren't trading floors mostly empty these days since trading is much more automated?
Yes, but as long as human traders exist, there is a need to log all of their communication to prevent malfeasance
They just copied the idea from terrorists
Rubber dinghy rapids bro
Salamone tried to keep the lion's share for himself and undid them all by recording the conversations. Conspiracies sure would be a lot more popular if everyone involved wasn't a scumbag.
I like what Robert Anton Wilson had to say about conspiracies and their life cycles:
"[A]s far as I’ve been able to discover in all my years of being involved, more or less unwillingly, in this field, I cannot find any proof of any conspiracy that really existed, was really brought into court and convicted, that lasted more than ten years before everybody double-crossed everybody else and the conspiracy fell apart."
In fairness, there has to be some survivorship bias here: if the members of a conspiracy don't double-cross each other and are competent enough not to expose themselves, it's a lot less likely they'd ever get brought into court in the first place.
Agreed, and I suppose it's the ones we don't hear about that are the real bad ones.