Rightrdia has noticed that Europeans and the Chinese do not coddle executives involved in misconduct or corrurption. In the US, if your company is fined $1.7 buillion for Medicare fraud like Rick Scott's was, you get to walk away "Scott free" with $300,000.
This has happened many times before. Jeff Skilling of Enron infame, took his conviction all the way to the Supremee Court. He will get a new trial.
Typically the way this works is the guilty executive lays low for about three to four years, the public forgets about the fraud or misconduct and the miscreant executive gets freed on a technicality.
Remember Charles Keating, Jr. and the Keating 5. In April 1996, the 9th U.S. Circuit Court of Appeals in San Francisco ruled that state trial judge Ito had mistakenly allowed the jury to convict Keating by giving them faulty instructions as the law as regarding fraud.
Thus, the conviction was overturned. Keating was now a free man after having spent 4½ years in prison. See http://en.wikipedia.org/wiki/Charles_Keating
Subscribe to the Rightardia feed: feeds.feedburner.com/blogspot/IGiu
No comments:
Post a Comment