'Black Market Bank' Co-Founder Budovsky Sentenced to 20 Years

Post by revelation » Sat, May 07, 2016, 4:07 PM UTC

rayiner wrote: post #11

alva wrote: post #5

>Prosecutors in New York said the company operated as “the financial hub for cyber criminals around the world.” Well fortunately for the cyber criminals, I have some great suggestions for alternative banking solutions. Plus! Your co-conspirators will almost definitely never face a day in jail. Think you will have to pay for expensive flights to Switzerland to open your account? Save some of that hard earned cash and…

To pick one example, what did JPM do that involved "outright criminal fraud?" Give specific examples that a jury would convict for, keeping in mind that knowledge and intent must be proved beyond a reasonable doubt. If I had to guess, what made this case easy was the fact that the guy left the country under circumstances where it could be inferred he know he was facilitating illegal transactions. That was the key ele…

Post by tajen » Sat, May 07, 2016, 4:27 PM UTC

revelation wrote: post #22

rayiner wrote: post #11

Earlier quoted context omitted.

To pick one example, what did JPM do that involved "outright criminal fraud?" Give specific examples that a jury would convict for, keeping in mind that knowledge and intent must be proved beyond a reasonable doubt. If I had to guess, what made this case easy was the fact that the guy left the country under circumstances where it could be inferred he know he was facilitating illegal transactions. That was the key ele…

Here is what made this guys case easy: "faced a life term before pleading guilty just days before a trial, striking a deal" I don't see a jury and it wasn't proven beyond a reasonable doubt either. He simply decided a plea deal was a more likely better outcome. So how is it that prosecutors can't conjure up a single case against a top exec, slap together a long list of charges and get a plea deal out? This is pretty…

Post by rayiner » Sat, May 07, 2016, 5:27 PM UTC

revelation wrote: post #22

rayiner wrote: post #11

Earlier quoted context omitted.

To pick one example, what did JPM do that involved "outright criminal fraud?" Give specific examples that a jury would convict for, keeping in mind that knowledge and intent must be proved beyond a reasonable doubt. If I had to guess, what made this case easy was the fact that the guy left the country under circumstances where it could be inferred he know he was facilitating illegal transactions. That was the key ele…

Here is what made this guys case easy: "faced a life term before pleading guilty just days before a trial, striking a deal" I don't see a jury and it wasn't proven beyond a reasonable doubt either. He simply decided a plea deal was a more likely better outcome. So how is it that prosecutors can't conjure up a single case against a top exec, slap together a long list of charges and get a plea deal out? This is pretty…

Post by [deleted] » Sat, May 07, 2016, 5:37 PM UTC

Alex3917 wrote: post #25

rayiner wrote: post #11

Earlier quoted context omitted.

To pick one example, what did JPM do that involved "outright criminal fraud?" Give specific examples that a jury would convict for, keeping in mind that knowledge and intent must be proved beyond a reasonable doubt. If I had to guess, what made this case easy was the fact that the guy left the country under circumstances where it could be inferred he know he was facilitating illegal transactions. That was the key ele…

> Give specific examples that a jury would convict for, keeping in mind that knowledge and intent must be proved beyond a reasonable doubt. Knowledge and intent aren't needed for RICO prosecutions. 120 'gang members' just got arrested in the Bronx and sent to prison. Some of them probably didn't even know they were in a gang, and some of them were already in prison when the alleged crimes were committed. Doesn't matt…

Post by chishaku » Sat, May 07, 2016, 5:47 PM UTC

rtpg wrote: post #17

alva wrote: post #5

>Prosecutors in New York said the company operated as “the financial hub for cyber criminals around the world.” Well fortunately for the cyber criminals, I have some great suggestions for alternative banking solutions. Plus! Your co-conspirators will almost definitely never face a day in jail. Think you will have to pay for expensive flights to Switzerland to open your account? Save some of that hard earned cash and…

There's this trope about us choosing to not throw people in jail but its just a consequence of needing real evidence against a person. Holder made some ckmment to the line of " if we had the evidence , people at the DOJ would be rushing to charge. Throwing a Wall St exec in jail is a career-making case" (edit: actual quote https://mobile.twitter.com/lauraolin/status/7279880874149847... ) The interests are totally ali…