Big corporations get off easy on crimes

first_imgWho pays the fine? Not  Michael Corbat, the executive who was paid $14,515,462 in 2016. Jail was never a possibility.HSBC had criminal charges dropped for money laundering. It also had made a profit of $881 million for allowing illegal drugs to flow through the American financial system. One of the world’s biggest lenders was fined and paid $1.9 billion, but again, jail is never an option in our justice system.Why does Congress let these crimes go unpunished? The people have an obligation to demand equal justice. As Benjamin Franklin said, “If the people behave like sheep they will be eaten by wolves.”Mary Jane ValachovicSchenectadyMore from The Daily Gazette:Schenectady’s Lucas Rodriguez forging his own path in dance, theater, musicFoss: Should main downtown branch of the Schenectady County Public Library reopen?Motorcyclist injured in Thursday afternoon Schenectady crashTroopers: Schenectady pair possessed heroin, crack cocaine in Orange County Thruway stopSchenectady department heads: Budget cutbacks would further stress already-stretched departments Categories: Letters to the Editor, OpinionIn the Capital Region, a 16-year-old boy was sentenced to nine years in jail for stealing about $100 worth of clothes. Compare that to the sentence and jail time time received by the oligarchs of the world — whose corporations and banks cheat the innocent public of millions but have too much money and power to ever see a jail cell.Citigroup was fined $11.5 million for cheating mom-and-pop investors by giving them wrong information on 1,800 stocks the company analyzed.last_img read more

Tettey Oku forced to resign from Hearts of Oak

first_imgHearts of Oak Administrative manager Ashford Tettey Oku has been forced to resign from the club after persistent pressure from board chairman Togbe Afede XIV.Information reaching JOY Sports reveals that Tettey Oku has come under persistent accusations for aiding sacked coach Ck Akunnor to recruit unqualified players for the club and as well as paying some staff members unduly.More to followlast_img