NZ justice system once again looking after its rich mates

**willytheekid** · 17th April 2012, 12:02

http://www.stuff.co.nz/business/mone...ecorp-director

Steal a loaf of bread to feed ya family...3-5yrs!

BUT!...Steal $490 MILLION DOLLARS from 14,500 investors...2yrs jail or 9 months home D and community service.

YUP!...pritty much sums up the justice system perfectly! (the judge practically appologized to them for handing these joke sentances FFS)
"She said the scale of the offending - in which 14,500 investors lost $490m - was too great" ...to just allow her rich mates to walk off laughing as usual!

Its really no wonder New Zealand had gone from one of the most equitable societies – in terms of income distribution – to one of the worst.

http://www.stuff.co.nz/national/6753...ustry-academic

The super rich can do what the fuck they like in this country (well...MOST countrys actually), rip everyone off....get caught, recieve slap on wrist...try again!

Right Honourable judge's...Pffft YEAH RIGHT!

**ellipsis** · 17th April 2012, 12:04

....nuthin's changed then...

**Scuba_Steve** · 17th April 2012, 12:09

Originally Posted by CAMSec

....nuthin's changed then...

what are ya talking bout???

2yrs jail or 9 months home D and community service.

There was actually a sentence passed... that's progress!
It's a step up from the old steal 490mil, get fined 100k "you keep the rest"

**Zedder** · 17th April 2012, 13:01

Originally Posted by Scuba_Steve

what are ya talking bout???

2yrs jail or 9 months home D and community service.

There was actually a sentence passed... that's progress!
It's a step up from the old steal 490mil, get fined 100k "you keep the rest"

Hopefully his sentence will be added to by other inmates keen to "invest" their time in his rehabilitation.

**oneofsix** · 17th April 2012, 13:04

Originally Posted by Zedder

Hopefully his sentence will be added to by other inmates keen to "invest" their time in his rehabilitation.

Like they will get a chance. Kept in separate protected unit if they don't get paroled for time served or some other lame excuse or medical condition

**FJRider** · 17th April 2012, 13:15

If those "Investors" put their money in the bank in a Term deposit ... they would stiil have it. They were greedy ... and so they gambled ... AND LOST.

Nobody forced them to hand over their money. They probably boasted to their friends how clever they were with their investments .... and how much money they were going to get. They have no sympathy from me.

Those "Investors" should take the issue up with those that advised them to "Invest" with these people. Those advisors probably get a cut from it.

**avgas** · 17th April 2012, 13:24

Originally Posted by FJRider

If those "Investors" put their money in the bank in a Term deposit ... they would stiil have it. They were greedy ... and so they gambled ... AND LOST.

Nobody forced them to hand over their money. They probably boasted to their friends how clever they were with their investments .... and how much money they were going to get. They have no sympathy from me.

Those "Investors" should take the issue up with those that advised them to "Invest" with these people. Those advisors probably get a cut from it.

I partially agree with this. And the sad fact of the matter is my poor old nana got sucked in.
She had her money invested with Wrightsons........who invested in Bridgecorp.

Aint it funny when you hear "Young people don't know how to save", or "Young people are greedy want now generation".

Seems it wasn't young people who lost and gained when this was happening.
Kinda sad really.

**Zedder** · 17th April 2012, 13:40

Originally Posted by oneofsix

Like they will get a chance. Kept in separate protected unit if they don't get paroled for time served or some other lame excuse or medical condition

I did write "hopefully", however this crime doesn't warrant a protective unit by right. They can request it but they can be turned down.

It takes a while for a request to be granted too, meanwhile they remain part of the general prison population and being a Government department things do go wrong.

**oneofsix** · 17th April 2012, 13:44

Originally Posted by Zedder

I did write "hopefully", however this crime doesn't warrant a protective unit by right. They can request it but they can be turned down.

It takes a while for a request to be granted too, meanwhile they remain part of the general prison population and being a Government department things do go wrong.

but this is about protecting their rich mates

**Bald Eagle** · 17th April 2012, 13:46

and another example of good use of public money by greedy investors

http://www.stuff.co.nz/business/mone...-Treaty-payout

**oneofsix** · 17th April 2012, 13:48

Originally Posted by Bald Eagle

and another example of good use of public money by greedy investors

http://www.stuff.co.nz/business/mone...-Treaty-payout

to split hairs on that, by the time they lost it it was no longer public money.

**Zedder** · 17th April 2012, 14:03

Originally Posted by oneofsix

but this is about protecting their rich mates

That's only the title of the thread and Scuba Steve put paid to that.

**oneofsix** · 17th April 2012, 14:08

Originally Posted by Zedder

That's only the title of the thread and Scuba Steve put paid to that.

Disagree, the diver only pointed out that they at least got some sentence, they are still being protected. If you walked into a bank and took a fraction of that amount you would get more of a sentence but these scums have stolen much more and ruined multiple peoples lives and get sweet F all.

**wharekura** · 17th April 2012, 14:15

How about this - govt cuts the upper tax rate by 6% and pays for it by borrowing the money from the Chinese.

**Zedder** · 17th April 2012, 14:16

Originally Posted by oneofsix

Disagree, the diver only pointed out that they at least got some sentence, they are still being protected. If you walked into a bank and took a fraction of that amount you would get more of a sentence but these scums have stolen much more and ruined multiple peoples lives and get sweet F all.

Nice try (yawn) but read it again.