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Note this is the former IT exec from 2014. These type of trials take a while to complete
Can someone with more legal expertise explain why he is charged with wire fraud and not "accepting a kickback"? Is it legal to take bribes if you do it in a way that doesn't create wire fraud? Was the crime taking kickbacks or was the crime being paid in a certain way (i.e. the LLC he created)?
Every time this story comes up, the comments are filled with people proclaiming that kickbacks like this are totally normal and very common. I can't tell how much of it is random people projecting their cynicism onto the business world, or if it's people who have been part of bribery/kickback schemes themselves trying to normalize the behavior online. Either way, cases like this should make it clear that the behavior…
This was pay to play and the play was not delivered. Hence the blowback from upset "victims" coming after their money.
Kickbacks are almost never posecuted because both sidea get what they want.
Earlier quoted context omitted.
You mean like forcing kids to buy brand new books so that they can get a code to use to take tests on an online platform that the professor gets kickbacks from that has nothing to do with the university the kid is attending?
What's the spot/contract/etc in that case, that the professor is selling but doesn't have the right to sell on behalf of the university for his own enrichment? I don't see an example of how the university is losing revenue and being defrauded in that scenario.
It's telling that you were more willing to make sure the university wasn't being defrauded but I guess the student can kick rocks right?
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Wealthy people usually still want more money, even past what non-wealthy people would consider enough.
The two multimillionaires I know (one sold his company to JPMC, the other, to Google) aren't driven primarily by money. They have a genuine interest in what they do (securitizing carbon offsets, and designing analog circuits, respectively). They're what you'd call "good guys". They wouldn't be caught dead in that crazy kickback scheme that was described. I know this is a small sample set, but what I've come away with…
Earlier quoted context omitted.
The average American may earn something like 125k in 30 months. 700k in exchange for a small chance of 30 months in jail probably sounds like a good deal to a purely rational and amoral person.
Edit: Half-awake, math wrong, ignore me.
Every time this story comes up, the comments are filled with people proclaiming that kickbacks like this are totally normal and very common. I can't tell how much of it is random people projecting their cynicism onto the business world, or if it's people who have been part of bribery/kickback schemes themselves trying to normalize the behavior online. Either way, cases like this should make it clear that the behavior…
I’m sure every employee has to read their company’s code of conduct and those are quite unambiguous about what’s allowed and what isn’t and that which isn’t is serious and will get you fired --no company wants to have to mobilize lawyers and waste hundreds of professionally billed hours for an employee violating regulations.
Note this is the former IT exec from 2014. These type of trials take a while to complete
So did they hold him in prison from 2014 to 2021? What did he do during those years? There should be some law about time waiting for trial counting toward the sentence, which would also incentivize judges to work more quickly.
Earlier quoted context omitted.
The average American may earn something like 125k in 30 months. 700k in exchange for a small chance of 30 months in jail probably sounds like a good deal to a purely rational and amoral person.
Edit: Half-awake, math wrong, ignore me.