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I live next to a bank who paid an $8.9 billion fine for money laundering. Another bank, Italy’s largest, laundered money for 10-years for Iran, Cuba and Libya i
by appleshore 7y ago
I live next to a bank who paid an $8.9 billion fine for money laundering. Another bank, Italy’s largest, laundered money for 10-years for Iran, Cuba and Libya in the United States. They paid a $1.3 billion fine, pled to conspiracy and received deferred prosecution.
One of the executives in that bank is the older brother to a star witness in the Presidential impeachment inquiry. Yet no one really cares about crimes committed by corporations.
- squiggleblaz 7y agoA great many people care about crimes committed by the corporations. But, unlike Rupert Murdoch, we have no ability to influence the prosecutors.
- thephyber 7y ago> Yet no one really cares about crimes committed by corporations. Lots of people do. They just don't happen to have the evidence to put those corporations in jail. The presumption of innocence is a valuable principle, but it cuts both ways. It defends you as much as it does corporations (who have A TON more resources to prevent/ mitigate a prosecution).