FuzzNJ wrote:Ex-mortgage CEO sentenced to prison for $3B fraud
The CEO of what had been one of the nation's largest privately held mortgage lenders was sentenced Tuesday to more than three years in prison for his role in a $3 billion scheme that officials called one of the biggest corporate frauds in U.S. history.
The 40-month sentence for Paul R. Allen, 55, of Oakton, Va., is slightly less than the six-year term sought by federal prosecutors.
"I messed up. I messed up big," Allen told U.S. District Judge Leonie Brinkema before he was sentenced, apologizing to his family and "the entire financial community. "There was no excuse for my behavior."
http://www.google.com/hostednews/ap/article/ALeqM5jDicS3RORnxvpz6gGB0jmrbBotTA?docId=7c25a94d5bb644a1b9ae2af47363519d
Homeless man gets 15 years for stealing $100
A homeless man robbed a Louisiana bank and took a $100 bill. After feeling remorseful, he surrendered to police the next day. The judge sentenced him to 15 years in prison.
Roy Brown, 54, robbed the Capital One bank in Shreveport, Louisiana in December 2007. He approached the teller with one of his hands under his jacket and told her that it was a robbery.
The teller handed Brown three stacks of bill but he only took a single $100 bill and returned the remaining money back to her. He said that he was homeless and hungry and left the bank.
The next day he surrendered to the police voluntarily and told them that his mother didn’t raise him that way.
Brown told the police he needed the money to stay at the detox center and had no other place to stay and was hungry.
http://www.digitaljournal.com/article/265402#ixzz1QARuaboM
Justice?
leonardo wrote:Justice? I say a definite yes!
The judge didn't want the homeless guy to be homeless any more, so he solved the problem. One less person for folks to feel guilty about not helping when they walk past, and the homeless guy now has a home, at least for the next 15 years. Sounds like a classic Win - Win.
The CEO undoubtedly has a nice home so prison is a definite downgrade, and therefore a punishment. Judge didn't want him in jail too long though since he'd be taking up a nice spot that could be better used and appreciated by a homeless person.
True.....true...very true....
....Considering, who knows how many FAMILIES this muth*****in azzhole made homeless, due to predatory loan schemes. Families losing their homes = homeless. Because of that dichwad and his corporate fraud, who knows how families, parents, grandparents are now in the streets. The REAL REASON this scumbag piece of shiz got only 40 months, is because he was able to get the best attorney $3 billion can buy. The people he and his cronies ripped off paid for the lawyer(s). Meanwhile Mr. "violent bank robber" only had to rely on a over-worked, over-loaded with other cases, public defender, who probably didn't know his/hers azz from a hole in the ground. For those 40 months, someone should make him their beeyotch. Just saying.
