Kenneth "ponzi" Starr gets 5 years

Discussion in 'Wall St. News' started by Pekelo, Mar 3, 2011.

  1. Pekelo


    "Instead of jail time that could easily have run 10 to 15 years for defrauding investors and putting millions of dollars into shell companies, U.S. District Judge Shira Scheindlin on Wednesday opted for leniency, arguing essentially that victims of the disgraced celebrity accountant, such as Uma Thurman, Lauren Bacall, Neil Simon, Denise Rich, and Jim Wiatt, were rich and did not go broke as a result of his fraud scheme."

    "Starr spoke of having “lost his moral compass” and said he was “extremely sorry” about the more than $30 million that went missing from the coffers of his clients."
  2. This is an example of why financial fraud and tax evasion will run rampant. He who can afford the best lawyers will win.
  3. Exactly. What does that say for today's "America" ?
  4. hiptogo


    i love how far an apology can go these days...
    if only my $30 mill lost could be recovered with an apology...
  5. olias


    In the courtroom of honor, the judge pounded his gavel
    To show that all's equal and that the courts are on the level
    And that the strings in the books ain't pulled and persuaded
    And that even the nobles get properly handled
    Once that the cops have chased after and caught 'em
    And that ladder of law has no top and no bottom
    Stared at the person who killed for no reason
    Who just happened to be feelin' that way without warnin'
    And he spoke through his cloak, most deep and distinguished
    And handed out strongly, for penalty and repentance
    William Zanzinger with a six-month sentence
    Oh, but you who philosophize disgrace and criticize all fears
    Bury the rag deep in your face
    For now's the time for your tears.