Well he settled Securities Fraud charges, so it stands to reason there was likely securities fraud. He also had to step down as chairman, appoint 2 new independent directors, and appoint an independent board to oversee his public communications.
If you paid a drug smuggling fine and as part of the process admitted to smuggling drugs, I might be inclined to label you a drug smuggler as well.
It is often cheaper to pay the fine than to fight it. A settlement is positively not an indicator of guilt.
In the US, over 90% of cases settle. Do you really think that they are all guilty, or maybe some of them are railroaded by the system and coerced to plea?
Let me answer that for you. Lots of innocent people plead to charges that they probably could beat, but the system has been corrupted beyond any reasonable hope of a fair trial.
I wouldn't say he settle what I consider "securities fraud" even if that's the technical label, just like I wouldn't say someone that got a speeding ticket violated "federal interstate travel statues" by speeding on I5.
sarchertech|3 years ago
If you paid a drug smuggling fine and as part of the process admitted to smuggling drugs, I might be inclined to label you a drug smuggler as well.
voakbasda|3 years ago
In the US, over 90% of cases settle. Do you really think that they are all guilty, or maybe some of them are railroaded by the system and coerced to plea?
Let me answer that for you. Lots of innocent people plead to charges that they probably could beat, but the system has been corrupted beyond any reasonable hope of a fair trial.
phpthrowaway99|3 years ago
peyton|3 years ago