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Holmes, Madoff etc... are all the proof that you need that the only people who go to Jail for fraud are the ones whose fraud hurts specifically investors.
Minus all the other fraud convictions constantly being handed down in America, sure.
Earlier quoted context omitted.
It's pretty disgusting how little jail time she's receiving for the scope of her crimes.
11 years is quite a long time and seems suitable for scamming some idiots out of their money. IMO the reason it seems low is that people get such unreasonably long sentences for doing far less.
And 11 federal years is a longer sentence than 11 years in most state systems, since there is much less opportunity to serve less than a full sentence in the federal system (short of executive pardon/commutation). There’s very limited good conduct time, but no systematic parole eligibility and early release.
Holmes, Madoff etc... are all the proof that you need that the only people who go to Jail for fraud are the ones whose fraud hurts specifically investors.
I'm not saying you're wrong in the aggregate, but can't you make a better argument? How can noting two people who went to jail for one reason be "all the proof you need"?
Holmes, Madoff etc... are all the proof that you need that the only people who go to Jail for fraud are the ones whose fraud hurts specifically investors.
Holmes, Madoff etc... are all the proof that you need that the only people who go to Jail for fraud are the ones whose fraud hurts specifically investors.
Just from pop culture, I can come up with a counterexample: https://www.justice.gov/usao-sdny/pr/reality-show-cast-membe... I'm not saying you're wrong in the aggregate, but can't you make a better argument? How can noting two people who went to jail for one reason be "all the proof you need"?
But the only time one of their in-group is sent to prison is when it hurts other rich and powerful.
Earlier quoted context omitted.
$TSLA made enough people rich I suppose. I saw some gains myself although not on a large scale. Still don’t like the guy but there’s the old adage “for my friends everything, for my enemies the law”. If $TSLA plummets a crazy amount the tables may turn
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Earlier quoted context omitted.
Right, but Holmes didn't steal $5k more than three times. She stole millions of dollars but only did it once. So your statute doesn't apply.
Can't tell if serious. Can you see how the second might be seen as worse than the first? Literally perverse incentives. "Go big or go home" and no worries! Couple years in Federal summer camp and you go back to your cushy upper class lifestyle as a consultant or startup advisor, or "executive coaching" for other future/wannabe scammers
Don't blame me. Make better wishes.
Reading this entire story, it baffles me that as of today I can still add a "Full Self-Driving Capability" option when ordering a Tesla.
> it baffles me that as of today I can still add a "Full Self-Driving Capability" option when ordering a Tesla Capability, not feature. I know that isn’t how it’s marketed. But Elon isn’t claiming he has Level 5 right now. Most FSD buyers seem aware they’re paying into a research effort. Fraud requires knowledge and intent. You’re making a good case for a class action lawsuit, i.e. civil action. Not for putting someo…
Selling a "capability" that won't get delivered within the expected lifetime of the car is just marketing garbage.
I have a really hard time believing that non-violent crimes should result in a person being locked in a cage. I'd rather see restrictions that limit their ability to do more damage, like when a reckless driver gets their license revoked. Besides, a free person with a job can pay back their debt to society, literally, with money, instead of the rest of us paying their living costs. EDIT: As comments point out, it is a…
Of course, it's legitimately hard for politicians to signal to voters that they take this stuff seriously without proposing longer and longer prison sentences for things that worry voters, which are usually crimes that "other people" do: high dollar white collar crime, drug dealing, etc.
Any bets she actually reports? Odds anyone? I feel a woman of her means and personality may try to disappear, go off grid. Does she still have access to money? Were her assets frozen?
That would be a bad idea. Skipping town on a sentence puts one in a rarified category where enforcement is now a federal problem, and the FBI has long memories, an international reach, and no statute of limitations on how long they can hunt a person who is sentenced. At which point, if they fall back under US custody, they get to start their sentence (as well as go on trial for the additional penalties associated wit…