Truong My Lan: Vietnamese billionaire sentenced to death for $44bn fraud

I don't think death sentences should be a thing.

I am all for billionaires facing consequences for their actions. The death penalty is still deeply immoral though. Locking financial criminals up like for example the American state did with Martin Shkreli or Sam Bankman-Fried though is completely o.K. and should happen more often.

In America they would likely do time in a country club prison if they didn’t only get fined for less than they profited in the fraud.

She can appeal still, and they are doing it as an incentive for her to return 27b. I imagine she will attempt to return a large portion, appeal and then just be given life in prison.

Don't kill them. Redistribute their wealth.

Now do the other billionaires.

More seriously though, this is fucked up.

Normally I'd say that if you empower the state to execute a certain class of person you can look forward to the state changing that definition so that inconvenient people who did nothing wrong meet it, but I'm unlikely to be mistaken for someone who has committed 10s of billions of dollars in fraud and I can't help but feel like maybe if just one robber baron is held responsible for the enormous suffering they cause in pursuit of an amount of wealth so vast that it can never be spent and essentially only functions as a high score then the rest will realize that there is the sharp, distinct possibility that they can be held responsible as well.

Anyone worth more than a billion dollars is guilty.

cool to see white collar crime actually fucking punished, for once in my lifetime.

Death penalty should not exist.

in socialism rich people have way less influence to snake out of consequences. good on them.

sigh

Do people consider the US to not be capitalist because of SEC regulations, the FDA, FAA, and other organizations impeding the free market? Do people consider the US to not be capitalist because of tariffs on, say, Canadian aluminum?

Why do people consider only end-stage communism to be true communism? Why do people consider only end-stage socialism to be true socialism?

This is a very rare situation that almost never happens.

Eighty-five others were tried with Truong My Lan

All of the defendants were found guilty.

Uh... either the scale of fraud is huge, at the level of a crime syndicate, or they are convicting some innocent people. Usually the government overcharges people to encourage confessions, leading to some people being found innocent.

Do we really think the Vietnamese prosecutors are the best in the world? Maybe the jury really hated these people.

I Propose we make any Fraud worldwide over a Billion Dollars punishable by Death to!

"Show trial" usually means "nit a real trial and the person may be innocent". The tone of the article is that she did the crime.

I am confused.

Another communist w.

Permanently Deleted

She was going to be silenced, because if she lived, more people would be exposed

Yes

You know we're living in strange times when the commies are doing something good.