4 ms·

So, in the USA, you can do wrongs and then buy your way out of it, such that doing wrong and the resulting fines are just a cost of doing business however you s

So, in the USA, you can do wrongs and then buy your way out of it, such that doing wrong and the resulting fines are just a cost of doing business however you see fit?

shrimp_emoji 3y ago
Sounds like freedom to me :D
JumpCrisscross 3y ago
> you can do wrongs and then buy your way out of it Did you miss the part where they're still wanting to criminally charge Zhao?
0xDEADFED5 3y ago
I don't know why you're being downvoted, because the answer is mostly yes.
Yizahi 3y ago
After a certain threshold, financial crime is rebranded as "lobbying" and is rewarded instead of punished.
- sweezyjeezy 3y ago
  I feel you're going to have to do a bit more work to explain why this lobbying -> reward, vs. crime -> financial penalty, analogy makes sense.
  - Yizahi 3y ago
    Financial crime can't exist truly hidden in the modern world. Someone always know about it happening. So bribing those in the know is an integral part of the financial crime. And at certain scale bribes get to be renamed as lobbying, while being in essence the same bribes. Bribes are illegal, but lobbying is not, that's what the reward is. Corporation get to legalize their ill gotten money and have no problems with the law. You don't want to pay capital gains taxes, so you lobby that it is legal to separate obviously unified entity into on-shore bankrupt one, and off-shore profitable one in Ireland or whatever, bribed politicians make it a law and suddenly no taxes are required. You have a chicken farm for which you don't want to pay for extremely expensive utilization of the ill and dead birds, so you lobby to reduce some restrictions written in law and voila, now you can dump your dead birds at a common garbage dump. These are just some illustrative examples.
    - sweezyjeezy 3y ago
      But they haven't legalised their behavior... if they were to continue doing it, the fine and punishment goes up - it doesn't become a cost-of-business you can just eat going forward. Also CZ has just stepped down and will be getting legally charged now.
matheusmoreira 3y ago
If you're rich enough you can even buy laws via "lobbying". Some politician voted in by the people tries to regulate you? Send in the lobbyists to introduce some "reasonable exceptions" into the law text. Hell if you're rich enough you get to enforce US laws in foreign nations. Reading the US trade office reports is seriously disgusting to me. "Stakeholders" this, "stakeholders" that.
yieldcrv 3y ago
Yes, Robert Smith cured his issue by simply reversing the tax deduction for charitable contributions Just find something that can be rationalized as value and the US will play along If you cant: straight to jail, stay there till the trial or take a horrible plea deal that ensures your incarceration but for theoretically less time than losing at trial

So, in the USA, you can do wrongs and then buy your way out of it, such that doing wrong and the resulting fines are just a cost of doing business however you see fit?

shrimp_emoji 3y ago

Sounds like freedom to me :D

JumpCrisscross 3y ago

> you can do wrongs and then buy your way out of it Did you miss the part where they're still wanting to criminally charge Zhao?

0xDEADFED5 3y ago

I don't know why you're being downvoted, because the answer is mostly yes.

Yizahi 3y ago

After a certain threshold, financial crime is rebranded as "lobbying" and is rewarded instead of punished.

sweezyjeezy 3y ago
I feel you're going to have to do a bit more work to explain why this lobbying -> reward, vs. crime -> financial penalty, analogy makes sense.
- Yizahi 3y ago
  Financial crime can't exist truly hidden in the modern world. Someone always know about it happening. So bribing those in the know is an integral part of the financial crime. And at certain scale bribes get to be renamed as lobbying, while being in essence the same bribes. Bribes are illegal, but lobbying is not, that's what the reward is. Corporation get to legalize their ill gotten money and have no problems with the law. You don't want to pay capital gains taxes, so you lobby that it is legal to separate obviously unified entity into on-shore bankrupt one, and off-shore profitable one in Ireland or whatever, bribed politicians make it a law and suddenly no taxes are required. You have a chicken farm for which you don't want to pay for extremely expensive utilization of the ill and dead birds, so you lobby to reduce some restrictions written in law and voila, now you can dump your dead birds at a common garbage dump. These are just some illustrative examples.
  - sweezyjeezy 3y ago
    But they haven't legalised their behavior... if they were to continue doing it, the fine and punishment goes up - it doesn't become a cost-of-business you can just eat going forward. Also CZ has just stepped down and will be getting legally charged now.

matheusmoreira 3y ago

If you're rich enough you can even buy laws via "lobbying". Some politician voted in by the people tries to regulate you? Send in the lobbyists to introduce some "reasonable exceptions" into the law text. Hell if you're rich enough you get to enforce US laws in foreign nations. Reading the US trade office reports is seriously disgusting to me. "Stakeholders" this, "stakeholders" that.

yieldcrv 3y ago

Yes, Robert Smith cured his issue by simply reversing the tax deduction for charitable contributions Just find something that can be rationalized as value and the US will play along If you cant: straight to jail, stay there till the trial or take a horrible plea deal that ensures your incarceration but for theoretically less time than losing at trial