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Do you have a list of "candidates" that are willing to go to jail for a certain price? Or would you get a client first, then try to find someone who looks like them, and then offer the person some amount of money to go to jail?
Both seems tricky, the 2nd one if the body double is not reliable they can go to the cops and everything falls apart.
In the USA they just buy the way out of the system - I mean look at all the people in prison for the default swaps and banking scandals. Oh wait, there aren't any.
SEC and FTC violations are civil offenses. The punishment for civil offenses are fines. Plenty of firms and higher-ups have paid fines.
Jail time only applies in cases where deliberate fraud is proven to have occurred. We all know that the finance guys were too reckless in their pursuit of profits. But recklessness is not a crime (and indeed, the only crime in the U.S. system for which "recklessness" is relevant is manslaughter/murder).
A good story for Marginal Revolution's "Markets in Everything"... which reminds me I should give it a visit.
In the USA they just buy the way out of the system - I mean look at all the people in prison for the default swaps and banking scandals. Oh wait, there aren't any.
You can read more here:
http://www.museumofhoaxes.com/hoax/weblog/permalink/did_ken_...
In the USA they just buy the way out of the system - I mean look at all the people in prison for the default swaps and banking scandals. Oh wait, there aren't any.
That is because prison is not the punishment for most of those offenses. Before you say shit about the U.S. judicial system, you should learn something about it. SEC and FTC violations are civil offenses . The punishment for civil offenses are fines . Plenty of firms and higher-ups have paid fines. Jail time only applies in cases where deliberate fraud is proven to have occurred. We all know that the finance guys wer…
Perhaps this is a facet of law that people should lobby to get changed. The kind of wanton disregard shown by the finanical sector during the recent meltdown damn well should be a crime, if it isn't already.
In the USA they just buy the way out of the system - I mean look at all the people in prison for the default swaps and banking scandals. Oh wait, there aren't any.
In the USA they just buy the way out of the system - I mean look at all the people in prison for the default swaps and banking scandals. Oh wait, there aren't any.
That is because prison is not the punishment for most of those offenses. Before you say shit about the U.S. judicial system, you should learn something about it. SEC and FTC violations are civil offenses . The punishment for civil offenses are fines . Plenty of firms and higher-ups have paid fines. Jail time only applies in cases where deliberate fraud is proven to have occurred. We all know that the finance guys wer…
In the USA they just buy the way out of the system - I mean look at all the people in prison for the default swaps and banking scandals. Oh wait, there aren't any.
My favorite of all-times bad-guy is Mr. Kenneth Lay, founder of Enron, supposedly RIP. Supposedly because the story of his death is crazier than most A. Christie's books. You can read more here: http://www.museumofhoaxes.com/hoax/weblog/permalink/did_ken_...
Maybe, just maybe, watching your life crumble and dealing with the guilt and shame of a conviction was a huge source of stress and caused a heart attack?
Nah, you're right, he's probably drinking Mojitos on a beach in South America and chuckling over all the suckers he fooled.
Earlier quoted context omitted.
My favorite of all-times bad-guy is Mr. Kenneth Lay, founder of Enron, supposedly RIP. Supposedly because the story of his death is crazier than most A. Christie's books. You can read more here: http://www.museumofhoaxes.com/hoax/weblog/permalink/did_ken_...
So there's literally not a shred of evidence of anything being weird about his death except for the fact that it was good timing? Maybe, just maybe, watching your life crumble and dealing with the guilt and shame of a conviction was a huge source of stress and caused a heart attack? Nah, you're right, he's probably drinking Mojitos on a beach in South America and chuckling over all the suckers he fooled.
I wonder how that business would work. Do you have a list of "candidates" that are willing to go to jail for a certain price? Or would you get a client first, then try to find someone who looks like them, and then offer the person some amount of money to go to jail? Both seems tricky, the 2nd one if the body double is not reliable they can go to the cops and everything falls apart.