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Over 100 kids illegally employed in hazardous jobs, contractor pays $1.5M fine

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Re: Over 100 kids illegally employed in hazardous jobs, contractor pays $1.5M fine

#2

Post by samstave »

That fine should directly be paid out to the kids in the form of a 529A college fund, or something similar.

EDIT ;

NEVER invest in a 529 college plan. They are money grabbing frauds.

I put $40,000 into a 529a plan in 2004.

In 2022 it was worth $89,000

--

They couldnt even provide a good return over 20 years.

They then berated me for complaining that they "only" doubled my money in !20 years.

The problem is that the banks that this was desposited in ~2004 -- they failed and were sold several times in the 2008-2012 banking grifting.

And they couldnt give me ANY data on the tranfer of accounts or companies when they befuddled the accounts together. They literally treated me as if I was berating THEM.

HN was a laughter of shitty advice.

So take mine with a ton of salt, because thats what you shall be tasting, marinated in rage, when you discover you invested in an institution that literally steals your money and marks it.

Re: Over 100 kids illegally employed in hazardous jobs, contractor pays $1.5M fine

#3

Post by laweijfmvo »

samstave wrote: post #2

That fine should directly be paid out to the kids in the form of a 529A college fund, or something similar. EDIT ; NEVER invest in a 529 college plan. They are money grabbing frauds. I put $40,000 into a 529a plan in 2004. In 2022 it was worth $89,000 -- They couldnt even provide a good return over 20 years. They then berated me for complaining that they "only" doubled my money in !20 years. The problem is that the b…

$1.5M EACH

Re: Over 100 kids illegally employed in hazardous jobs, contractor pays $1.5M fine

#5

Post by lallysingh »

laweijfmvo wrote: post #3
samstave wrote: post #2

That fine should directly be paid out to the kids in the form of a 529A college fund, or something similar. EDIT ; NEVER invest in a 529 college plan. They are money grabbing frauds. I put $40,000 into a 529a plan in 2004. In 2022 it was worth $89,000 -- They couldnt even provide a good return over 20 years. They then berated me for complaining that they "only" doubled my money in !20 years. The problem is that the b…

$1.5M EACH

Each? It looks like total. $15k each, not much of a fine

Re: Over 100 kids illegally employed in hazardous jobs, contractor pays $1.5M fine

#6

Post by throw93 »

laweijfmvo wrote: post #3
samstave wrote: post #2

That fine should directly be paid out to the kids in the form of a 529A college fund, or something similar. EDIT ; NEVER invest in a 529 college plan. They are money grabbing frauds. I put $40,000 into a 529a plan in 2004. In 2022 it was worth $89,000 -- They couldnt even provide a good return over 20 years. They then berated me for complaining that they "only" doubled my money in !20 years. The problem is that the b…

$1.5M EACH

“the department assessed PSSI $15,138 for each minor-aged employee(102)”

Re: Over 100 kids illegally employed in hazardous jobs, contractor pays $1.5M fine

#9

Post by ixwt »

lallysingh wrote: post #5
laweijfmvo wrote: post #3

Earlier quoted context omitted.

$1.5M EACH

Each? It looks like total. $15k each, not much of a fine

Cost of doing business now a days. Fines should certainly start with all profits from the infringing activity, and then add the fine on top. There should be no gains whatsoever from these kinds of activities. Companies keep getting away with these kinds of heinous activities because there is still gains in doing it.
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