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This is silly. You think the career DOJ prosecutors are looking at the list of victims and only deciding to prosecute if there is a rich person on the list?
by cycrutchfield 4y ago
This is silly. You think the career DOJ prosecutors are looking at the list of victims and only deciding to prosecute if there is a rich person on the list?
- whatshisface 4y agoA lot of the things that defraud non-wealthy people (multi-level marketing, all of those "supplements" you can buy in the medicine isle, false advertising) aren't illegal or practical to sue over. Let's look at one particular example, the stop the steal scam. Thousands of people were tricked in to donating to the ringleaders of an impossible political cause based on false claims, and none of them are going to jail for that in particular. You could find dozens of similar examples just by keeping an eye on the news, but nobody thinks about it because a certain type of con with victims that professionals can't empathize with has become normalized.
- NaturalPhallacy 4y agoOr BLM leaders taking millions in donations and using it to buy houses.
- cycrutchfield 4y agoDidn’t Bannon et al. get indicted for a very similar scheme for some impossible border wall project? Seems like these things require patience
- NaturalPhallacy 4y ago
- astrange 4y agoThey're not "even bigger", they're structured and regulated very differently now.
- cycrutchfield 4y agoIn the US, we can't just convict people because they lost people money. You need to prove criminal intent. Are you aware of any evidence demonstrating intent to commit fraud? Not sure what the size of banks has to do with anything.
- akoncius 4y agoI dont have detailed knowledge, but rating agencies clearly violated their duties by providing AAA rating to junk
- cycrutchfield 4y agoAny evidence that specific executives at these rating agencies had the intent to defraud people by over-rating mortgage-backed securities? Simply being inept at your job is not necessarily criminal.