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That fine should directly be paid out to the kids in the form of a 529A college fund, or something similar. EDIT ; NEVER invest in a 529 college plan. They ar
by samstave 4y ago
That fine should directly be paid out to the kids in the form of a 529A college fund, or something similar.
EDIT ;
NEVER invest in a 529 college plan. They are money grabbing frauds.
I put $40,000 into a 529a plan in 2004.
In 2022 it was worth $89,000
--
They couldnt even provide a good return over 20 years.
They then berated me for complaining that they "only" doubled my money in !20 years.
The problem is that the banks that this was desposited in ~2004 -- they failed and were sold several times in the 2008-2012 banking grifting.
And they couldnt give me ANY data on the tranfer of accounts or companies when they befuddled the accounts together. They literally treated me as if I was berating THEM.
HN was a laughter of shitty advice.
So take mine with a ton of salt, because thats what you shall be tasting, marinated in rage, when you discover you invested in an institution that literally steals your money and marks it.
- laweijfmvo 4y ago$1.5M EACH
- lallysingh 4y agoEach? It looks like total. $15k each, not much of a fine
- ixwt 4y agoCost of doing business now a days. Fines should certainly start with all profits from the infringing activity, and then add the fine on top. There should be no gains whatsoever from these kinds of activities. Companies keep getting away with these kinds of heinous activities because there is still gains in doing it.
- ericmcer 4y agoThe law doesn't seem to have much of a bite. I always assume something like illegally hiring minors or exploiting workers will be the end your business. Then it turns out to be a pretty manageable fine. Same thing with selling alcohol to a minor, I figured getting caught doing that would mean humongous fines and revocation of your liquor license, but it is a $250 fine and 24 hours of community service.
- throw93 4y ago“the department assessed PSSI $15,138 for each minor-aged employee(102)”
- raverbashing 4y agoSo, not even 1yr salary for each one? That's not even a slap on the wrist.