Quote:
Originally Posted by Pot Odds RAC
Nonsense.
The Wachovia situation was due to faulty Controls and Policies that didn't effectively flag certain transactions at a Bank that they'd acquired during the Banking Crisis. This is very different from outright provable Fraud. The On Line Gaming providers set out on a scheme to bypass Federal Laws. The Wachovia case is similar to the requirement that Branches catch Structured Transactions.
so what are you saying?
what is nonsense??
poker sites fined 3 billion;
wahovia fined 150 million
all they did was launder 370 BILLION in drug money.
I'm not saying that they were running an online gambling operation while falsifying transfers.
I'm saying that their crime was much worse, and the punishment was much less.
do you think running finances for 1000s of tons of illegal coke is no biggie??
you do'nt you think that has something to do w/ conflicts of interest and corruption on a higher level??
America needs to launder that drug $.
gotta feed the monkey.
my point is that money laundering is ok, if your in the 'club',
and the article proves it.
why did'nt they seize the entire 370 billion?
Last edited by stampler; 04-18-2011 at 03:00 PM.