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A comment on U.S. Files Criminal Charges Against Theranos’s Elizabeth Holmes, Ramesh Balwani. Parent comment

Re:U.S. Files Criminal Charges Against Theranos’s Elizabeth ... by paulddraper on Friday June 15, 2018 @09:21PM (#17325189)
> the US can’t retrospectively prosecute bankers

AFAIK there were poor decisions and bad investments but not straight up fraud.

Nobody needed to be jailed; there were a few that needed to be allowed to fail.

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Re:U.S. Files Criminal Charges Against Theranos’s Elizabeth ... by telchar on Saturday June 16, 2018 @02:12PM (#17328589)
You're forgetting robo-signing foreclosure affidavits in the wake of the financial crisis. That's potentially hundreds of thousands of counts of fraud. The banks were only forced to settle, and were not prosecuted. [0]

[0] https://en.wikipedia.org/wiki/2010_United_States_foreclosure...

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Re:U.S. Files Criminal Charges Against Theranos’s Elizabeth ... by paulddraper on Tuesday June 19, 2018 @08:07PM (#17351336)
I thought the robo-signing meant fraud for mortgage companies not banks. But perhaps I was wrong.
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Re:U.S. Files Criminal Charges Against Theranos’s Elizabeth ... by gaius on Saturday June 16, 2018 @02:34AM (#17326215)
poor decisions and bad investments but not straight up fraud

LIBOR rigging?

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Re:U.S. Files Criminal Charges Against Theranos’s Elizabeth ... by tragic on Saturday June 16, 2018 @04:23AM (#17326565)
And FX rigging ...

Speaking morally, rather than legally, the packaging of loans into CDOs was clearly fraudulent, basically the equivalent of tampering with the mile meter in your car before selling it. The fact that there is apparently no law to prosecute people under is a failure of our various legislatures and judicial systems.

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Re:U.S. Files Criminal Charges Against Theranos’s Elizabeth ... by cm2187 on Saturday June 16, 2018 @07:43AM (#17327029)
But for both Libor and FX people went to jail. I think the original poster was refering to banker going to jail for causing the 2008 crisis.
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