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It cost the Federal Deposit Insurance Corporation more than $593 million
www.marconews.com...
He faces up to 15 years in prison — five years and a $250,000 fine on each count — supervised release after prison and restitution, up to twice the gain caused by his offense or twice the loss, whichever is larger. He can never work in banking again.
Originally posted by RealSpoke
12 years for stealing jewelry?
Time doesn't fit the crime at all.
12 years is such a long time for stealing some shiny rocks regardless of its value. What a waste of life...
Among her victims was Heather Williams, the wife of failed Orion Bank president Jerry Williams. She discovered the thefts when she went to Bigham Jewelers in Naples to reset a diamond that fell off her 9.45 carat bracelet and learned the $69,000 bracelet was now encrusted with nine cubic zirconia.
The fakes also were found in her 5½-carat diamond solitaire engagement ring, her 4.94 carat diamond stud earrings and her Oyster Rolex watch. Of the five known victims, including her live-in nanny, Williams lost the most, jewelry once appraised at $193,450.
Originally posted by RealSpoke
12 years for stealing jewelry?
Time doesn't fit the crime at all.
12 years is such a long time for stealing some shiny rocks regardless of its value. What a waste of life...