[Newsbot]

Title: Swiss bankers charged in $1.2 billion tax fraud
Category: World
Posted By: DanSC
Date: 2012-01-03 19:22:28

[DanSC]

o_O

[Bruce_E_T]

Quote:

Michael Berlinka, Urs Frei and Roger Keller face up to five years in prison for their roles in the scheme, the U.S. Attorney's Office said.

This is a bit of a joke, is it not?

[DanSC]

Bruce_E_T wrote:

Quote:

Michael Berlinka, Urs Frei and Roger Keller face up to five years in prison for their roles in the scheme, the U.S. Attorney's Office said.

This is a bit of a joke, is it not?

It's mostly a joke because they won't be in jail for nearly that long.

[Bruce_E_T]

DanSC wrote:

It's mostly a joke because they won't be in jail for nearly that long.

Considering that US taxpayers are getting ripped off big time you would think the penalty would somewhat greater.

I don't suppose the citizens who bought into this would be suspect would they?

Go 1%

[DanSC]

Taxpayers are getting ripped off big time, but the offenders have two things going for them. It's not a violent crime, and they most likely know judges and members of the SEC.

[Thanos]

Too bad for them that they didn't sell a trillion dollars worth of toxic mortgages instead. They'd be feted as heroes, still be eligible for the year-end bonus bonanza, and wouldn't get harassed or annoyed by the government at all.

[DanSC]

Thanos wrote:

Too bad for them that they didn't sell a trillion dollars worth of toxic mortgages instead. They'd be feted as heroes, still be eligible for the year-end bonus bonanza, and wouldn't get harassed or annoyed by the government at all.

True story. Sad story, but true story. Unfortunately false advertising laws aren't that tough.

[Bruce_E_T]

DanSC wrote:

True story. Sad story, but true story. Unfortunately false advertising laws aren't that tough.

Sad all round, as far as I can see. Gluttony seems to have no boundaries. I cannot figure out why these people need this money let alone the lengths they will go to aquire more.

Maybe this story will at least open some eyes.

[Mr_Canada]

Steal $100, go to jail for ten years...

[PublicAnimalNo9]

The only shocker here is it was only $1.2B

[martin14]

PublicAnimalNo9 wrote:

The only shocker here is it was only $1.2B

True dat.

I'm sure the Italian numbers will come in much better.

[PublicAnimalNo9]

martin14 wrote:

PublicAnimalNo9 wrote:

The only shocker here is it was only $1.2B

True dat.

I'm sure the Italian numbers will come in much better.

Some comedian gave a great description of Switzerland during WW2.

He likened it to a guy holding the wallets of two other guys that have "stepped outside" to settle things.
No matter who wins, you keep a wallet