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> Holmes — a Steve Jobs wannabe who dressed exclusively in black turtlenecks — settled with the regulators for $500,000 while neither admitting nor denying the
by joering2 9y ago
> Holmes — a Steve Jobs wannabe who dressed exclusively in black turtlenecks — settled with the regulators for $500,000 while neither admitting nor denying the accusations.
What Holmes did is most likely a fraud... but what the regulators did in this part above is pure and simple blackmail and extortion... the only problem is that who's gonna prosecute the persecutors....
This is really not far from wild wild west hundred years ago, where everyone was wearing guns at their belts. Truly mind boggling!!
- UncleEntity 9y ago> but what the regulators did in this part above is pure and simple blackmail and extortion Settling out of court is blackmail and extortion? If they thought they were innocent they could have had their day in court but instead they basically pleaded "no contest" and took their lumps.
- joering2 9y agoNeither part admit or deny accusations. What the heck?? So why does DOJ even exist in the first place when such dipsy doodle can occur?
- danso 9y ago"No contest" pleas are a policy of the U.S. judicial branch, and are handled on a case-by-case basis [0]. The DOJ is an agency within the U.S. executive branch. [0] https://en.wikipedia.org/wiki/Nolo_contendere#United_States https://en.wikipedia.org/wiki/Nolo_contendere#United_States