Sunday, December 23, 2012

Too Big to Jail

William James Rummel has been imprisoned since the late 1970s and will be there for the rest of his life. That is because he was convicted of three crimes. He used a credit card to obtain $80 worth of goods and services, a crime for which he served 3 years in jail. When he got out he passed a forged check in the amount of $23.86 which bought him 4 years in jail. He ended his career as an air conditioning repairman, charging a customer $120.75 for a repair with which the customer was not satisfied. He refused to return the money and was convicted of obtaining money under false pretenses. Since that was his third conviction he was sentenced to life in prison.  In reviewing his sentence the U.S. Supreme Court said his life sentence did not constitute cruel and unusual punishment.

Stephanie George's boyfriend stashed a locked box with a half-kilogram of cocaine in her attic and when the police found it she was charged with its possession even though she claimed not to have known of its presence in her house.  The judge said he thought the sentence unreasonable but he was compelled by governing statutes to sentence Stephanie George to life in prison.

 Banks don’t go to prison  even when their offenses involve billions of dollars. Instead of HSBC having a 2011 profit of $22 billion it will only have a profit of about $20 billion after paying its fine for permitting narcotics traffickers and others to launder hundreds of millions of dollars through HSBC subsidiaries. Several banks operating as a cartel manipulated interest rates that led to Fannie Mae and Freddie Mac losing more than $3 billion as a result. UBS and Barclays (other banks to foillow suit) paid compensation and won't face criminal charges.

You and I are not so lucky when we are unlucky enough to be caught. 



Taken from here

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