Saturday, October 27, 2012

Who Says Crime Doesn't Pay?

To Read Times Colonist Article Click Image
Steals $8 Million Serves 3 Years = $2.6 Million/Yr.

The above article in the Times Colonist makes you wonder about the 'justice' system and whether white collar crime doesn't pay quite handsomely.

This con artist, fraudster/thief was convicted of stealing $8 million from trusting investment clients. The original estimates of the amount he stole was well over $30 million, so pick a number from $8 million to $30 million and divide by 3 (time served) and you have the annual wage this fellow accumulated through his deceit.

Ever wonder how many billions crooked bankers, investment brokers and traders steal from the general public all the time and are never held accountable? Being realistic, we can't possibly put all the white collar criminals in jail or the whole system would simply fall apart. The 'too big to fail' crooks exposed in 2008 are still running around, gaming the system and our governments seem helpless to really put an end to it.

allvoices

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