4 ms·
And did anyone who committed that fraud go to jail?
by eli_gottlieb 5y ago
And did anyone who committed that fraud go to jail?
- lotsofpulp 5y agoThe only people who I know committed fraud were the people filling out loan applications with false information about income/assets. And it would not be politically popular to go after them, and I do not recall ever hearing about them going to prison. As for the underwriters and the executives who instructed underwriters to look the other way? I also do not remember them going to prison, but I also do not know if there was any evidence of their intent. The beauty of many white collar crimes, where you can always claim you made an unintentional mistake and you are not dumb enough to write an email incriminating yourself, but rather talk it out over lunch in an all party recording law jurisdiction.