DailyDirt: Cheaters Sometimes Prosper...

from the urls-we-dig-up dept

If you're going to commit a crime, there's a certain amount of logic to trying to pull off the biggest crime you can. Why risk going to jail over a relatively small amount of money? If you can get away with a multi-milion dollar heist, you only have to do it once (if you're not too greedy). And if you get caught, you might have the resources to escape the authorities. Here are just a few examples of some scams that might have demonstrated that crime can pay. If you'd like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post.


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    Shadow Dragon (profile), Feb 14th, 2013 @ 5:17pm

    As long they have enough money to bribe tge government they're in the clear

    As long as they enough money to bribe the government,they can buy their way out of indictment.That's how are government works.Justice isn't blind when you buy your way out.

     

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    Anonymous Coward, Feb 14th, 2013 @ 5:29pm

    Too big to jail

     

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    Spaceman Spiff (profile), Feb 14th, 2013 @ 7:58pm

    I'd rather believe my lawyer

    I'd rather believe my lawyer than my banker... :-)

     

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    That Anonymous Coward (profile), Feb 14th, 2013 @ 7:58pm

    ""fictitious instrument fraud" where fake securities are used as collateral in a scam"

    So they were selling mortgage backed securities?

     

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    Ninja (profile), Feb 15th, 2013 @ 5:26am

    Some former regulators say they were surprised to learn about the scale of the cheating. “Through all of my experience, what I never contemplated was that there were bankers who would purposely misrepresent facts to banking authorities,” says Alan Greenspan, chairman of the U.S. Federal Reserve from 1987 to 2006. “You were honorbound to report accurately, and it never entered my mind that, aside from a fringe element, it would be otherwise. I was wrong.

    Sas one of the responsible for the current financial meltdown?

     

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    Tex Arcana (profile), Feb 15th, 2013 @ 12:57pm

    Cheaters gonna cheat.

    Humans gonna be hypocrites.

    We are doomed.

     

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