Quote:
Originally Posted by Porsche_monkey
1. the offense of acting to overthrow one's government or to harm or kill its sovereign.
2. a violation of allegiance to one's sovereign or to one's state.
3. the betrayal of a trust or confidence; breach of faith; treachery.
1. and 2. are the 'traditional' definitions. I don't think 3. applies legally.
I am assuming this guy will go away for a long time for the fraud he has perpetrated, better to see him charged with a crime he will be convicted of than to see him found not-guilty of something more serious.
You have ample applicable laws. And I am sure they will be applied appropriately.
There is an onus on the individual investors as well. I have investments through a broker. But I also receive separate confirmation from the financial institution that holds the investments.
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I read the definitions myself prior to starting the thread. #1 certainly does not apply. On it's face #2 doesn't seem to. But here in the US we all have the right to "Life, Liberty, and the Pursuit of Happiness". Some lawyer somewhere could argue by stealing on such a grand scale he is breaking his allegiance to his sovereign country.
Unfortunately white collar crime in the USA gets one a 5 month sentence at a country club suspended after 2 months served. Of course they have to pay back maybe a 1/100th of what they stole.
