Iran To Execute 4 for Bank Fraud
By Micah Halpern
Tuesday July 31, 2012
I've Been Thinking:
Yesterday a court in Iran convicted and sentenced four men to death. They will be executed for bank fraud.
The four were investment bankers who forged papers enabling them to get $2.6 billion in government loans that they then used to buy government properties.
The arrests were made in September 2011. The trial and the sentencing took less than 11 months. The government of Ahmadinejad has been tainted by this case. One of the charges against the current government is corruption and the charge is based on this $2.6 billion scandal.
In Iran they execute people convicted of bank fraud. There is no such thing as white collar crime and white collar sentencing in Iran.
I could not even begin to imagine how many people would now be on death row if that were the white collar punishment meted out in the United States.
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