Ponzi Scheme Criminals Spend An Average Of 21 Days In Prison For Every $1 Million Stolen

Submitted by: daegog 1 year ago in News & Politics

On the other hand, robbers spend an average of 40,000 months in jail, per $1 million.

TLDR: Do not rob you neighbor with a gun, rob your entire neighborhood with a suit and a smile.
There are 19 comments:
Male 1,709
Insurance is gambling, Banks practice usury.. Corruption all around and the general consensus is "I might as well get in on it".
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6,583
Many years ago I wrecked you stories in the news that were published the same day. I wish I would have saved them because they are great examples of the American Injustice system.
The first story was of the homeless man who wanted to stay in detox to prevent freezing to death on the streets of Chicago. He was told he would have to pay $100 if he wanted to stay another night. After panhandling all day he didn't have enough money so he went to rob a bank. He took exactly $100 from the bank. Being racked with guilt a couple hours later he returned to the bank to return the money. He was sentenced to 15 years in prison.
Meanwhile and invested Banker was discovered having embezzled 3 billion dollars. It was the largest financial crime in the history of the world. His crime affected the lies of over a hundred thousand people. Authorities were able to recover most of the money. He was sentenced to 18 months in a low-security prison.

"With liberty and justice for none.' -Lisa Simpson
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Male 2,127
dm2754 Sounds about right. Not saying that as in "correct", but as in "thats how it usually happens".
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Male 6,292
I understand the point of the article but this really shows how averaging isn't always appropriate since it means that a thief who steals a million dollars can expect to be sentenced to over 3000 years in prison.
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Male 7,000
broizfam What's wrong with that?  If you steal a million dollars why should you ever get out of jail?

Imagine some scumbag that starts up a fake university, that targets ex military and single parents, promising them the knowledge from experts to achieve wealth in real estate markets for the low cost of 50K bucks?

Now why should a person that does something like that EVER get out of prison?


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Male 1,709
daegog "promising them the knowledge from experts to achieve wealth in real estate markets for the low cost of 50K bucks?"
So pretty much every one of those late night infomercials. Only the price varies.
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Male 891
daegog You're right that person would get elected as president. Badum tss.
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Male 12,958
that's exactly what capitalism is, one big giant ponzi scheme.  Some people are so deluded by the love for money, via the careless greed it nurtures, that they think it's the greatest force in the world. lol, poor sods.

By its very nature, capitalism breeds discontent. If we were happy – the system would fail!
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Male 1,738
monkwarrior You are confusing capitalism with greed/gluttony/envy.  Capitalism is an economic model, where those with capital lend it to others that can utilize that capital to produce more goods (or the same number of goods at a lower cost).  The love of more money (or more goods, or more services) beyond ones needs is simply gluttony/greed.  Capitalism would do just fine with less greed - in fact it would work better.  Greed/gluttony finds fertile ground in capitalism, certainly, but capitalism of itself does not create greed or discontent.
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Male 12,958
punko Capitalism fails due to greed/gluttony/envy.
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Male 1,738
monkwarrior Thank you for agreeing with me that greed, gluttony and envy are the problem and not capitalism of itself.  We can therefore agree that your initial statement that capitalism is a giant ponzi scheme and that it breeds discontent is incorrect.
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Male 12,958
punko but because of greed/envy/glutony, capitalism fails and becomes a giant ponzi scheme that breeds discontent.
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Male 7,000
punko Capitalism without greed is as believable as communism without sloth.

As long humans are involved, all of these idealistic notions of pure economies of any kind are little more than textbook fantasies.
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Male 1,738
daegog  As long humans are involved, all of these idealistic notions of pure economies of any kind are little more than textbook fantasies. 

Agreed.  Don't put the wrong label on the problem.  Capitalism is not the problem. Human failings, we can all agree, are the problem.
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Male 1,738
daegog <sigh> You missed my point.  Capitalism, as the economic process does not breed discontent and does not create greed.  However, you correctly pointed out that Capitalism provides a fertile breeding ground for greed to flourish.

My point was simply that Capitalism isn't at fault.  Capitalism isn't a giant ponzi scheme as was posited.  I was correcting an error.
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Male 7,000
punko <larger sigh> No, the point was understood.  Your textbook definition and concept of Capitalism is exactly that.  What I was trying to explain is that the definition ignores human nature, as does the definition of communism.  There can never be an actual pure economy of any kind because of human nature.

To create a disconnect between capitalism and greed and to pretend one can even exist without the other is fundamentally flawed, at least until humans achieve perfection (or at least a totally non-emotive state).
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Male 1,738
daegog <groan>  "To create a disconnect between capitalism and greed and to pretend one can even exist without the other is fundamentally flawed."

Humans were greedy prior to capitalism.

I reject your claim.

Don't blame an economic system for human failures.  Human failures of greed and gluttony do not depend on the economic model.

Language is a precision tool when utilized correctly.  By placing terms and labels on things erroneously, you make yourself unclear.  1984 showed us how dumbing down language helps control thoughts.  Keep your avenues open by using the tools properly.
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Male 7,000
punko I get it, you think capitalism is the bees knees, i do not know what purpose the model you are describing serves however.  

What life form can use the model as described, because it has no application for humanity.

If you are looking at these models in abstraction, however, comparing capitalism to communism, its pretty hard to make any case for capitalism as something humanity should even strive for.
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Male 1,738
daegog daegog - I don't think capitalism is the bee's knees - and nothing posted above supports that.

I am simply saying that greed does not only exist with capitalism, and that it is wrong to attribute that human failings to a specific economic system.  
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