Today I received a google alert on the blog from Sentencing Law and Policy where a 65 year old man has been sentenced to 100 years for being a leader of a Ponzi scheme. Uhhh...HELLO! Is this supposed to make these people feel better who lost their money? Maybe the coldest of hearts would want that but the prisoner will most likely meet his maker while incarerated and will never be free to work and pay for his restitution. But that's okay, we have plenty of tax dollars to go around or we can always get a stimulous package. If I sound bitter about it that's because I am. These white collar so called criminals should be out on ankle bracelets or home working for their family so that they won't suffer and be forced to go on assistance. It's a vicious circle where where the tax payers pay for the support of the inmates and for the spouses and children who are not finncially capable of support without government assistance.
My spouse acted as a Sales Rep for the company that was brought down by the Feds. He was responsible for making sure his clients were paid the amount promised them each month. They were all paid right up to the end until the government put a freeze on all the assets. Did they get everything back that they invested...well some did and some didn't. One thing for sure though is that they had the right to dig deeper into their investment such as request a financial statement as we wish we had done. Not one person was forced to invest even though that doesn't change the outcome.
No comments:
Post a Comment