2 ms·

I really think this piece could be better written. Give us an executive summary or even bullet points of the activity. It went too fast into the details for me

by ianai 5y ago

I really think this piece could be better written. Give us an executive summary or even bullet points of the activity. It went too fast into the details for me to see the overall trend.

pyrale 5y ago
* Jedi blue: cartel activity * Project Bernanke: market manipulation, fraud, frontrunning * AMP: monopoly abuse It is not clear whether Google has fiduciary duty wrt their clients, but if they do and the accusations are proven, they basically looked up every way they could violate it, and did it. It's not simply corporate responsibility; this is Enron levels of bad. In any decently regulated activity, executives would risk jail for that.
- shkkmo 5y ago
  > In any decently regulated activity, executives would risk jail for that. In the US, executives never go to jail. They negotiate "settlements" where the company doesn't even have to admit wrongdoing and the companies are fined slightly more than they made from the wrong doing. I would love to to see the executives face jail time, both neither major party political party has any interest in changing things.
  - michael1999 5y ago
    The comment you reply to mentioned Enron, which is famous for sending people to actual Jail. Jeffrey Skilling spent 12 years in prison - https://en.wikipedia.org/wiki/Jeffrey_Skilling https://en.wikipedia.org/wiki/Jeffrey_Skilling I'll grant that post-9/11 priorities have defunded white collar prosecution, but people go to jail in the US. If you really want a criminal-consequence-free jurisdiction, come to Canada. We really don't send people to jail for corporate fraud. The Vancouver exchange is a free-for-all, and Montréal boiler-rooms are a movie cliche.
    - specialist 5y ago
      When investors are the victims, white collar criminals go to jail. We'll soon (re)learn if mere customers have that kind of juice. IANAL, but I'd guess they best they can expect is be party to some class action settlement and the criminals get some token fines.

by ianai 5y ago

I really think this piece could be better written. Give us an executive summary or even bullet points of the activity. It went too fast into the details for me to see the overall trend.

pyrale 5y ago

* Jedi blue: cartel activity * Project Bernanke: market manipulation, fraud, frontrunning * AMP: monopoly abuse It is not clear whether Google has fiduciary duty wrt their clients, but if they do and the accusations are proven, they basically looked up every way they could violate it, and did it. It's not simply corporate responsibility; this is Enron levels of bad. In any decently regulated activity, executives would risk jail for that.

shkkmo 5y ago
> In any decently regulated activity, executives would risk jail for that. In the US, executives never go to jail. They negotiate "settlements" where the company doesn't even have to admit wrongdoing and the companies are fined slightly more than they made from the wrong doing. I would love to to see the executives face jail time, both neither major party political party has any interest in changing things.
- michael1999 5y ago
  The comment you reply to mentioned Enron, which is famous for sending people to actual Jail. Jeffrey Skilling spent 12 years in prison - https://en.wikipedia.org/wiki/Jeffrey_Skilling https://en.wikipedia.org/wiki/Jeffrey_Skilling I'll grant that post-9/11 priorities have defunded white collar prosecution, but people go to jail in the US. If you really want a criminal-consequence-free jurisdiction, come to Canada. We really don't send people to jail for corporate fraud. The Vancouver exchange is a free-for-all, and Montréal boiler-rooms are a movie cliche.
  - specialist 5y ago
    When investors are the victims, white collar criminals go to jail. We'll soon (re)learn if mere customers have that kind of juice. IANAL, but I'd guess they best they can expect is be party to some class action settlement and the criminals get some token fines.