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Maybe they just want their Royal Fifth like the SEC, etc. do. https://en.wikipedia.org/wiki/Royal_fifth https://en.wikipedia.org/wiki/Royal_fifth
by nickpinkston 1y ago
Maybe they just want their Royal Fifth like the SEC, etc. do.
https://en.wikipedia.org/wiki/Royal_fifth https://en.wikipedia.org/wiki/Royal_fifth
- CBMPET2001 1y agoIf that were the case then they wouldn't have shut down the scheme and arrested the perpetrators
- crote 1y agoThat is going to depend on the details, isn't it? See for example the practice of civil forfeiture in the US, where the police is able to seize your property until you prove that it wasn't gained through crime. The proceeds go directly to the police department. So the more passers-by they harass, the sooner the "pennies from heaven" will fund their margarita machine! [0] [0]: https://pulitzercenter.org/stories/phelps-county-seizing-suspects-assets-pennies-heaven https://pulitzercenter.org/stories/phelps-county-seizing-sus...
- CBMPET2001 1y agoI'm not sure how Spanish criminal law works, but even if it does work like in the US, the press release doesn't actually mention any seized funds or property at all
- vkou 1y agoWhen the cops arrest someone stealing from a grocery, I too immediately assume that it's because they want one of the fifths he filched.
- nickpinkston 1y agoThis actually does happen for certain crimes in racketeering cases, and SEC/DOJ often run closer to the latter (ie small token fines, which are just the cost of doing business). The difference being that SEC/DOJ are more worried that more than token fines to big corporations would cause political blowback for the agency and their careers. The current collusion of this gov't with wealthy crypto interests seems like both of these: political blowback and direct insider kickbacks (TrumpCoin, TACO trade, etc.)