In 2021, investors in MJ Capital filed a lawsuit accusing Wells Fargo Bank
of aiding the fraud scheme by failing to follow its own anti-money-laundering policies. The bank in March 2023 agreed to settle the suit for $26.6 million.
It would be nice, since corporations are people, if corporations could be criminally prosecuted and sentenced to prison. Like, Wells Fargo should get, say, five years. During that five years, all of their assets are frozen, and they’re not allowed to do any business whatsoever. You know, pretty much like what would happen to any criminal.
No the criminal acts are committed by people, criminals shouldn’t be able to cover their crimes behind a company, and have only the company punished.
It’s way to often the case that management suffer no consequences of criminal acts, and the company is merely fined. It’s disgusting IMO.
Yes absolutely, any financial gains should of course be confiscated, and the company should still be fined. But the people who ordered the criminal acts, should be punished personally too. Possibly banned from management positions the same way child abusers can’t work with children.
It would be nice, since corporations are people, if corporations could be criminally prosecuted and sentenced to prison. Like, Wells Fargo should get, say, five years. During that five years, all of their assets are frozen, and they’re not allowed to do any business whatsoever. You know, pretty much like what would happen to any criminal.
No the criminal acts are committed by people, criminals shouldn’t be able to cover their crimes behind a company, and have only the company punished.
It’s way to often the case that management suffer no consequences of criminal acts, and the company is merely fined. It’s disgusting IMO.
Porque no los dos
Yes absolutely, any financial gains should of course be confiscated, and the company should still be fined. But the people who ordered the criminal acts, should be punished personally too. Possibly banned from management positions the same way child abusers can’t work with children.
Wells Fargo would serve its sentence in its office with a little ankle bracelet and it would be business as usual.