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Banking fraud


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#1 ckn

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Posted 28 July 2014 - 04:58 PM

With Lloyds being fined £218m for Libor fraud, that's three of the big five banks in the UK that have now been fined a 9 figure sum for conspiring to defraud by fixing the Libor interest rate.  An estimate on telly suggested that the full cost is probably over £1bn in the amount lost due to this deliberate conduct.

 

So... if you defraud the government of a five figure sum of benefits, you go to jail and are rightly abused.  If you defraud the country of over £1bn you get fined a portion of it and not a single individual gets a criminal conviction.  Surely there should be a few people losing their freedom over this for a very long time.  Unlikely though as it's seemingly not in the public interest.


Arguing with the forum trolls is like playing chess with a pigeon.  No matter how good you are, the bird will **** on the board and strut around like it won anyway


#2 bearman

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Posted 28 July 2014 - 05:30 PM

"Banking Fraud"
Tautology ?
Ron Banks
Bears and Barrow

#3 nadera78

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Posted 28 July 2014 - 06:03 PM

With Lloyds being fined £218m for Libor fraud, that's three of the big five banks in the UK that have now been fined a 9 figure sum for conspiring to defraud by fixing the Libor interest rate.  An estimate on telly suggested that the full cost is probably over £1bn in the amount lost due to this deliberate conduct.

 

So... if you defraud the government of a five figure sum of benefits, you go to jail and are rightly abused.  If you defraud the country of over £1bn you get fined a portion of it and not a single individual gets a criminal conviction.  Surely there should be a few people losing their freedom over this for a very long time.  Unlikely though as it's seemingly not in the public interest.

It's jealous people like you that are killing this country. Why won't you leave entrepreneurs alone? They should be encouraged not attacked.


"Just as we had been Cathars, we were treizistes, men apart."
Jean Roque, Calendrier-revue du Racing-Club Albigeois, 1958-1959

#4 stimpo-and-kat

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Posted 28 July 2014 - 06:09 PM

http://m.bbc.co.uk/n...litics-26178868

I thought this article was interesting and familiar to this subject
  • ckn likes this

#5 getdownmonkeyman

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Posted 28 July 2014 - 07:08 PM

Cracking website, here: http://rowans-blog.blogspot.co.uk/

 

I first came across him when reading about the BCCI swindle.






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