61–70 of 132 posts
Earlier quoted context omitted.
For a multitude of reasons, Lewis is an unreliable narrator...
Yes, leave only an accusation without supporting facts or ideas.
Earlier quoted context omitted.
That is even worse that the regulators knew about the fraud that the banks have allowed and by someone reporting about it can land them in a prison cell.
> even worse that the regulators knew about the fraud What fraud do you think they were covering up? SARs are filed when money laundering is suspected. To the extent something was being covered up, it was money laundering. Not fraud.
The fact that banks such as HSBC failed to flag and stop transactions to a ponzi scheme that they knew about with their 'AML' systems and processed it anyway. [0] This would never have been known before the leak and even worse that the regulators did nothing until the leak.
> SARs are filed when money laundering is suspected. To the extent something was being covered up, it was money laundering. Not fraud.
So not only just fraud that was covered up but money laundering and processing payments for mobsters and drug cartels which the banks allowed and failed to stop it.
This is getting even worse than imagined.
Earlier quoted context omitted.
So if he's sentenced to 40 years in federal court ... (this is federal court, right? I forgot) Fed doesn't do parole. Best you can get typically is time for good behavior for like 15% reduction in length. But there's a good chance he doesn't get sentenced to 40 years, that's just what the prosecutor asks for. We dunno yet.
A federal inmate can theoretically get presidential clemency. Obama granted almost 2000 clemencies. Biden, so far, about a dozen + 6500 for simple possession of MJ. Trump was in between with something over 200.
https://www.cnbc.com/2024/02/22/trump-clemency-recipient-phi...
https://www.cnbc.com/2023/07/19/ponzi-schemer-granted-clemen...
https://www.nytimes.com/2024/02/06/us/politics/trump-pardon-...
https://news.bloomberglaw.com/business-and-practice/trump-pa...
frauds, cons, ponzi schemes
Earlier quoted context omitted.
Can you be more specific about those responsible?
Jamie Dimon should be in prison right now, for one.
That’s silly in my opinion. I didn’t see any of the actual big wigs go to prison for 2008 but Sam is an easy target with the dual effect of vilifying cryptocurrencies.
That’s silly in my opinion. I didn’t see any of the actual big wigs go to prison for 2008 but Sam is an easy target with the dual effect of vilifying cryptocurrencies.