Justice is Blind

By
Real Estate Agent with Jim Free Realty

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The former CEO of Taylor Bean was sentenced to 40 months in prison for his part in a $3 Billion Fraud case that cost thousands on jobs in his own company. The sixth largest bank failure in US History with the collapse of Alabama based Colonial Bank that bought hundreds of millions of dollars of Taylor Beam mortgages. Hundreds of thousands have been hurt by mortgage fraud.

 

The good news that he will spend slightly more time in prison than the guy that steals a $100 worth of merchandise a Wal Mart.  So I guess justice is blind.

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Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Yes I have heard all my life that white collar crime does pay. And a lot of times they hide the money or move it into other names and so they do their time (usually only a few years) and get out of prison and eventually enjoy the fruits of the crime. Law Enforcement is better at tracking the funds so they usually find the $$$ but not always.

Jun 22, 2011 10:35 AM #1
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