Ex-Goldman Sachs worker gets no prison time in NY theft case

Discussion in 'Law & Justice' started by Pax Aeon, Mar 24, 2016.

  1. Pax Aeon

    Pax Aeon Well-Known Member

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    NEW YORK (AP) — A former Goldman Sachs employee who tried to impress his bosses by obtaining reports from the Federal Reserve Bank of New York was spared prison time by a judge who said the loss of his career in banking and Internet shame would deter others from copying his crime.U.S. Magistrate Judge Gabriel Gorenstein in Manhattan sentenced Rohit Bansal on Tuesday to 300 hours of community service and fined him $5,000.

    Bansal was fired by the investment bank after he obtained documents in the summer of 2014 from a former co-worker at the Federal Reserve, where he had worked for seven years after college before joining Goldman Sachs.

    The judge noted that Bansal now has a criminal record and was banned for life by the banking community and penalized by the Securities and Exchange Commission."Because of the power of the Internet, his reputation is forever besmirched," the judge said. - Source
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    This is the Obama DOJ in action. Bust as few Wall street criminals as possible, brag about the high fine which will be lowered to pennies on the dollar (if even that) then let the perp walk. The judge stated "The judge said no harm resulted from the crime".....the stupid arse. Stealing millions of dollars on inside information is theft. It's not theft if wall street does it. Expect more of the same under Hillary.
     
  2. JoakimFlorence

    JoakimFlorence Banned

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    This was a problem in the time of the Bible too. There were judges who made unjust decisions.
    Society does not run so much by laws as it does the rulings of judges. The laws already on the books allow judges a huge degree of latitude in how they deal with cases. Judges can imprison and fine someone who is innocent or let a guilty person go. But what most people do not understand about how the legal process functions, ordinarily it is not so much about the judge, judges have big caseloads and usually just leave everything up to the prosecutor, for the most part. Unless something blatantly does not seem right, the judge is going to let the prosecution have their way.
     

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