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Once again, fraud is met with a fine rather than a jail sentence.
What is the deterrent for bankers not to commit fraud?
What is the deterrent for bankers not to commit fraud?
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Replies: 18
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are they all US fines?
The UK receives nothing? |
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don't worry still more sh1t to come yet on Barclay's unless they manage to get it covered it up
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If the GRG type allegations are true then there must be jail time.
The other day Tory MPs were saying banker bashing must end. It hasn't even started. They are laughing at us. Mass prosecutions, serious jail sentences, proper regulations, pay restraint for failed companies, banks being broken up properly or some sort of managed failures would be a proper bashing. |
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74yr Old Hatton garden thieves, pictured, named.
City boy fraudster, not pictured, not named, |
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What would happen if you or I committed fraud? I reckon a custodial sentence would be inevitable.
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bet they netted way more than the hatton garden mob....should do more time imo.
result yesterday though...shares up 3% they had gone down to around £2 a share when the story 1st came out....now they are 2.70...kerching |
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correction
Alleged 74yr Old Hatton garden thieves, pictured, named. Guilty City boy fraudsters, not pictured, not named, |
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What about the horsemeat scandal ... Tescos etc
MPs said it was criminal and there would be charges. Heard nothing since. |
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Double standards are everywhere. A couple face jail for a 6 grand Tesco voucher fraud. How many at Tesco and their accountants will face jail after the FCA has looked into a 'profit overstatement' of £263m? It's certain that somebody somewhere made more than 6 grand out of that.
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Who do you guys think lost money as a result of the rigging?
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Mainly other financial institutions that weren't in on it, who took the other side of **** bets. The general public would have been screwed somewhere to a lesser degree through pension funds etc
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They did name some of the traders involved in Libor rigging
http://graphics.wsj.com/libor-network/#item=Hayes |
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in fact there are 53 named
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john,how can you be sure it would have an adverse effect on pension funds?
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that lone hacker guy who caused the micro crash is facing charges
but these guys shake hands and get off , free to cheat again |
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US pension funds started proceedings last year. Plenty of private settlements have taken place.
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Indeed donny,
They have friends in high places who look them. The establishment protects their own. |
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*look after
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