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Mon Jul 30, 2012, 11:04 AM

Four sentenced to death over $2.6bn Iran bank fraud

Source: BBC

Four people have been sentenced to death for their roles in Iran's biggest-ever bank fraud scandal.

Two other defendants received life sentences, while 33 more will spend up to 25 years in jail, the chief prosecutor was quoted as saying.

The scandal involved forged documents reportedly used by an investment company to secure loans worth $2.6bn.

President Mahmoud Ahmadinejad last year denied allegations that his government was involved.



Read more: http://www.bbc.co.uk/news/world-middle-east-19045737



If you forward this to anyone, you might try dropping the word "Iran" ... see what kind of reactions you get ...

"Four sentenced to death over $2.6bn ... bank fraud"

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Reply Four sentenced to death over $2.6bn Iran bank fraud (Original post)
eppur_se_muova Jul 2012 OP
brewens Jul 2012 #1
rfranklin Jul 2012 #2
DCKit Jul 2012 #10
rfranklin Jul 2012 #16
SomeGuyInEagan Jul 2012 #4
hobbit709 Jul 2012 #3
slackmaster Jul 2012 #5
nolabels Jul 2012 #8
jtuck004 Jul 2012 #9
slackmaster Jul 2012 #14
jtuck004 Jul 2012 #19
slackmaster Jul 2012 #23
4th law of robotics Jul 2012 #15
Lint Head Jul 2012 #6
Arctic Dave Jul 2012 #7
Vidar Jul 2012 #11
SoapBox Jul 2012 #12
4th law of robotics Jul 2012 #13
neeksgeek Jul 2012 #17
dtom67 Jul 2012 #22
tawadi Jul 2012 #18
Turbineguy Jul 2012 #20
AlbertCat Jul 2012 #21

Response to eppur_se_muova (Original post)

Mon Jul 30, 2012, 11:12 AM

1. I'm only against the death penalty because we sometimes get the wrong guy.

I suppose that will always be the case. Our system doesn't demand absolute proof for a conviction.

Those Iranians will be hanged as far as I know and they don't believe in making it humane. They often just hoist them with cranes and let them strangle.

I'd be satisfied in this country if we just prosecuted and locked up our white collar criminals. These days, hanging some of them doesn't seem like such a bad idea though.

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Response to brewens (Reply #1)

Mon Jul 30, 2012, 11:20 AM

2. Life imprisonment would be better...

 

Let them think about it for a long, long time.

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Response to rfranklin (Reply #2)

Mon Jul 30, 2012, 12:56 PM

10. Life imprisonment is cheaper anyway.

Appeals can eat up tens of millions.

Additionally, when they find out someone is actually innocent, it's never too late.

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Response to DCKit (Reply #10)

Mon Jul 30, 2012, 01:37 PM

16. though to be fair, Iran doesn't spend much on appeals...

 

They just hang 'em high.

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Response to brewens (Reply #1)

Mon Jul 30, 2012, 11:26 AM

4. And we have had prosecutors and MEs who fake or hide evidence. n/t

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Response to eppur_se_muova (Original post)

Mon Jul 30, 2012, 11:25 AM

3. That would certainly make the "Too big to fail" people take notice.

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Response to eppur_se_muova (Original post)

Mon Jul 30, 2012, 11:26 AM

5. Executing someone over theft of property is barbaric

 

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Response to slackmaster (Reply #5)

Mon Jul 30, 2012, 12:35 PM

8. Invading countries and engaging in warfare for the benefit of Corporations is fascist

Last edited Mon Jul 30, 2012, 12:36 PM USA/ET - Edit history (1)

Stoning to death for having a romantic relationship outside a marriage sounds kind of outdated also

The world is changing faster than our establishment and culture can handle it. Really, feels like the revolution is happening and isn't being recognized for the thing it is (that's a good thing, we will be able to go around them while they are not paying attention)

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Response to slackmaster (Reply #5)

Mon Jul 30, 2012, 12:50 PM

9. Tens of thousands of people have, and are, suffering directly because of the actions of bankers


in this country. They include sudden and fatal heart attacks, serious illness, suicide and depression well above the norm, the loss of any assets, and nearly guaranteed decades of poverty for increasing numbers of people in the United States. All this because banks borrowed money and wound up leveraging not just debt, but the lives of the taxpayers. And we subsidize that madness. Still.

They may not be as obvious as a person with a shotgun, but they have brought (and continue to wreak) horrendous and nearly unimaginable tragedy and death to millions of people both here and abroad, so in sheer numbers their actions far outweigh any group of criminals I can think of. As a part of the group that is raking in most of the wealth in this country, this also precludes opportunity, such as work or enough pay for health care or to save for retirement for millions of others.

In that context, bankers execute people for their property every day in foreclosure proceedings. The homeowners just don't fall down right away, they have to suffer for a few years first.

That's barbaric.









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Response to jtuck004 (Reply #9)

Mon Jul 30, 2012, 01:23 PM

14. Do you support the death penalty for murder, or just for theft?

 

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Response to slackmaster (Reply #14)

Mon Jul 30, 2012, 02:13 PM

19. I support the death penalty when it stops an ongoing threat to people,


preferably administered at the point where it does the most good. With thoughtfulness and sound aim as required. That also includes some people who have been incarcerated, but who still present on ongoing threat to others if we cannot or will not contain them.

Other than that sliver of safety, we get nothing from it, so I don't support the death penalty in most other contexts. Certainly not for some supposed retribution for murder or theft.

But the bankers aren't just committing theft. They are killing people. It takes longer, so people can rationalize away the connection, But they have been responsible for more tragedy and pain than any Al Qaeda member or Timothy McVeigh could dream of. The terrorists get all the press cause it's easy to show on a news segment, but they are pikers compared to the wealthy in their creative destruction.

Unfortunately, in the case of bankers and the wealthy, so simple a solution as the death penalty is inadequate. It would just leave an empty chair. Others, greedy and venal, would move into it, just like feral cats move into a vacated space when one of their brethren gets eaten or killed.

I don't support it because the death penalty is no solution to that problem. But their actions are no less morally reprehensible and probably more harmful to a greater number of people than the person who merely murders a few, a couple hundred, or a few thousand people.

So in the world we live in I can certainly see how their schemes could rise to the level of murder or worse, and why others would want to apply the same penalties that result in the death penalty.

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Response to jtuck004 (Reply #19)

Mon Jul 30, 2012, 07:40 PM

23. Wouldn't it make more sense to confiscate all of their assets and distribute them to the people...

 

...who were harmed?

Executing them accomplishes nothing. It's just blood lust.

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Response to slackmaster (Reply #5)

Mon Jul 30, 2012, 01:24 PM

15. It seems like the appropriate punishment for these sort of crimes

 

is to seize all their assets (sell off their house and all other property as well) to cover the loses and add a special punitive tax to any income they get from a future job to help pay back what they've stolen.

If it leaves them living the rest of their lives in poverty . .. well maybe that's something for the next batch of scammers to consider.

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Response to eppur_se_muova (Original post)

Mon Jul 30, 2012, 11:26 AM

6. Don't agree with death but at least Iran knows what to do to criminal bankers.

Last edited Mon Jul 30, 2012, 11:28 AM USA/ET - Edit history (1)

Maybe the US should consider rendition to Iran of criminal bankers.

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Response to Lint Head (Reply #6)

Mon Jul 30, 2012, 11:45 AM

7. ROFL.

DUzy

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Response to eppur_se_muova (Original post)

Mon Jul 30, 2012, 12:58 PM

11. First time I've ever agreed with Iran.

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Response to eppur_se_muova (Original post)

Mon Jul 30, 2012, 01:18 PM

12. NOW we're talk'n!!!!

This should be a headline story in the NYT!

Hey Wall Street Banksters...think about it.

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Response to eppur_se_muova (Original post)

Mon Jul 30, 2012, 01:23 PM

13. A bit harsh, but I don't think I'll be losing any sleep over it.

 

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Response to eppur_se_muova (Original post)

Mon Jul 30, 2012, 01:47 PM

17. Probably gives Mittwit another reason to invade Iran (n/t)

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Response to neeksgeek (Reply #17)

Mon Jul 30, 2012, 07:10 PM

22. Right on ....

But I'm sure, just to be on the safe side, they ( Bankers ) will orchestrate some kind of threat ( a bomb at the Olympics? ) to get even us Dems begging to invade Iran.

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Response to eppur_se_muova (Original post)

Mon Jul 30, 2012, 01:53 PM

18. The ones who spend 25 years in prison there may wish they got the death penalty. eom

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Response to eppur_se_muova (Original post)

Mon Jul 30, 2012, 02:16 PM

20. No wonder the banksters want to bomb Iran!

Stealing is apparently illegal there.

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Response to eppur_se_muova (Original post)

Mon Jul 30, 2012, 06:57 PM

21. So that's how you do it...

... huh....

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