Florida woman who led a nearly $200 million Ponzi scheme sentenced to 20 years in prison
Florida woman who led a nearly $200 million Ponzi scheme sentenced to 20 years in prison
Federal prosecutors said Florida resident Johanna Garcia led a Ponzi scheme that raised nearly $200 million and lost investors nearly $90 million.
Sorry, it seems the article summary omitted which cabinet position Trump is appointing her too - does anyone know off hand?
Secretary of the Treasury.
A hispanic woman? Too non-white, non-male for a Turnip cabinet pick.
She must have ripped off some wealthy people. Rookie mistake. Only steal from the poor, then the justice system doesn't care.
In 2021, investors in MJ Capital filed a lawsuit accusing Wells Fargo Bank of aiding the fraud scheme by failing to follow its own anti-money-laundering policies. The bank in March 2023 agreed to settle the suit for $26.6 million.
It would be nice, since corporations are people, if corporations could be criminally prosecuted and sentenced to prison. Like, Wells Fargo should get, say, five years. During that five years, all of their assets are frozen, and they're not allowed to do any business whatsoever. You know, pretty much like what would happen to any criminal.
No the criminal acts are committed by people, criminals shouldn't be able to cover their crimes behind a company, and have only the company punished.
It's way to often the case that management suffer no consequences of criminal acts, and the company is merely fined. It's disgusting IMO.Wells Fargo would serve its sentence in its office with a little ankle bracelet and it would be business as usual.
It's good to see women taking over roles traditionally run by men.
Good thing she was a woman, otherwise she may not have seen any jail time!