FCC adviser and fiber telco CEO thrown in the clink for five years after conning investors out of $270m with fake deals A telecoms CEO and one-time adviser to FCC boss Ajit Pai will spend as much as the next half-decade behind bars after being convicted of wire fraud and eight counts of aggravated identity theft. Judge Edgardo Ramos, of the US federal district court of Manhattan, this month handed down the 60-month sentence to Elizabeth Pierce …
Maybe they were looking at it like "Hey, at least something useful got built and will be used fully someday." The $270 million resulted in $270 million of actual infrastructure, and didn't just disappear into unknown bank accounts....
Isn't that 5 years the same ballpark as Autonomy's Hussain?
Autonomy is interesting 'cos it's a soap opera. This case is rather interesting in its own right: seems it wasn't about regular greed, but over-enthusiasm for a real project. Somewhere on a scale between Campaigner and Terrorist, but not your average fraudster.
In the area last year received 10 years for stealing a few thousand dollars and a few thousand more in property damage.
If sentences were proportionate either he'd get an hour or she'd get a hundred consecutive life terms. Serves him right for not stealing hundreds of millions of dollars I guess!
Would you impose the same penalty for gentle seduction as for violent rape?
Theft is theft and rape is rape. I guess you think if a guy talks a girl into drinking too much and has sex with her after she's passed out he should get a light sentence? After all, it was just "persuasion".
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