ChatterBank2 mins ago
NatWest Three admit fraud
The NatWest Three, who were alleged to have netted themselves �1M each (and two of them considerably more) in fraud deals linked to the Enron collapse in the US will go to prison for 3 years.
They were facing 35 years each, and in a plea bargain, admitted one charge of fraud in exchange for the others to be dropped.
http://www.telegraph.co.uk/money/main.jhtml?xm l=/money/2007/11/29/wnatwt129.xml
http://www.theanswerbank.co.uk/News/Question25 8374.html
http://en.wikipedia.org/wiki/NatWest_Three
Have the thieving greedy scumbags got off lightly?
They were facing 35 years each, and in a plea bargain, admitted one charge of fraud in exchange for the others to be dropped.
http://www.telegraph.co.uk/money/main.jhtml?xm l=/money/2007/11/29/wnatwt129.xml
http://www.theanswerbank.co.uk/News/Question25 8374.html
http://en.wikipedia.org/wiki/NatWest_Three
Have the thieving greedy scumbags got off lightly?
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No best answer has yet been selected by Gromit. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.they have to repay the money, so that's something. And I'm still unhappy about the way the UK happily allows the USA to extradite people while not insisting on the reverse procedure, so, for example, US soldiers who kill British ones in battle get off scot free. Compared with that situation, the bankers have been hard done by. But by most local standards, yes, they've got off lightly.
Far too light, but better than nothing I suppose.
jno, cant quite see the connection with US soldiers killing british ones in battle?? These three set out to commit a crime the yanks ar just gungho incompetants. Last time I looked this is not generally a crime but if it is Gordy had better get building jails fast!
jno, cant quite see the connection with US soldiers killing british ones in battle?? These three set out to commit a crime the yanks ar just gungho incompetants. Last time I looked this is not generally a crime but if it is Gordy had better get building jails fast!
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