Former Gen Re Exec Gets 1-Year Sentence May 1, 2009 Email This Subscribe to Newsletter Email to a friend Facebook Tweet LinkedIn Print Article Article 5 Comments May 1, 2009 at 1:42 am matt says: Like or Dislike: 0 0One year and a $100,000 fine for a fraud costing shareholders well in excess of $500 million. I’ve said it before The standard FBI warning on every movie you watch threatens a 5 year jail sentence and $250,000 fine, for NON COMMERCIAL infringement. How is non-commercial infringement of a non scarce good a more serious crime than fraud resulting in a half billion dollar financial loss? Reply May 1, 2009 at 1:53 am Mario says: Like or Dislike: 0 0They should have been sentenced for a much longer prison term. Make an example of them. Executive who commit fraud should get long prison terms. Reply May 1, 2009 at 2:07 am Joe Public says: Like or Dislike: 0 0I guess CRIME DOES PAY…… Reply May 1, 2009 at 2:22 am Bill says: Like or Dislike: 0 0It still amazes me that this guy will serve less time in jail then person who shop lifts to feed his family Reply May 1, 2009 at 2:55 am David says: Like or Dislike: 0 0How did the Hankster get away without a scratch on this deal? This has his smell all over it. Reply Add a Comment Cancel reply Your email address will not be published. Required fields are marked * Name * Email * Comment ΔNotify me of comments via e-mail
One year and a $100,000 fine for a fraud costing shareholders well in excess of $500 million.
I’ve said it before
The standard FBI warning on every movie you watch threatens a 5 year jail sentence and $250,000 fine, for NON COMMERCIAL infringement.
How is non-commercial infringement of a non scarce good a more serious crime than fraud resulting in a half billion dollar financial loss?
They should have been sentenced for a much longer prison term. Make an example of them. Executive who commit fraud should get long prison terms.
I guess CRIME DOES PAY……
It still amazes me that this guy will serve less time in jail then person who shop lifts to feed his family
How did the Hankster get away without a scratch on this deal? This has his smell all over it.