BILLIONAIRE executed in Persia over 2.6B$ Bank Fraud.

[alhoon]

http://news.yahoo.com/iran-billionai...104949782.html



The Gist: A Persian billionaire in the middle of a massive bank fraud, that has been convicted to the death sentence was executed after the supreme court of Iran upheld his death sentence. The fraud reportedly started in 2007. 39 people in general were convicted. 4 death sentences and 2 life sentences.


So, there are countries in the world, where Billionaires are NOT untouchable? Where someone that has 35 big businesses under him can actually face the consequences for his crimes?

Yes, death penalty is harsh. But it's Iran, I'm not surprised that their sentences are harsh. What surprises me is that a billionaire actually got executed for involvement in a massive fraud.
As a Greek, and watching multi-millionaire businessman Kontominas walking free in the midst of a bank fraud, along with tens of others, the development of a billionaire actually facing his crimes instead of a slap on the wrist feels... exotic.

[Col. Tartleton]

Even a broken clock is right twice a day.



"These poor, simple folk - too fearful or too dull-witted to see the vulgarity and evil in their own midst. They wail and complain about my... uncompromising methods, but who among you can say that hanging half a village is a high price to pay for the assurance that corruption has been exposed and destroyed this day?" -Ernst Traugott, Templar Witch Hunter

[nhinhonhinho]

Poor man, he should stand outside the range of the inquisitor before click 'end turn' -_-'

[Condottiere 40K]

Obviously didn't have the right friends in the clergy or the Revolutionary Guard, or did, but they belonged to a faction on the losing end of a power struggle.

[IronBrig4]

Good. Perhaps the United States can do the same with its own white collar criminals.

[Phier]

Why do I think that many of the same people who find this a just reaction would be the ones whining about execution of a murderer?

[Roma_Victrix]

Why do I think that many of the same people who find this a just reaction would be the ones whining about execution of a murderer?

Regardless, the death penalty as imposed by the state is wrong, and has the susceptibility of putting potentially innocent people to death. It should be unsettling to anyone the number of 'death row' inmates in the US who, since the 1970s until the present, have been exonerated with new surfacing evidence and released with an apology.

Life imprisonment; that's torture enough I say, especially if it's in a federal pound-me-in-the-you-know-what prison, not one of those white collar club resort prisons.

As for the billionaire, anyone can fall from grace, anyone, especially in Iran. Like the millionaire scam artist Bernie Madoff, he deserved a life sentence, not this.

[Earl Dibbles Jr]

Why do I think that many of the same people who find this a just reaction would be the ones whining about execution of a murderer?

Because liberals are giant hypocrites.

[Slydessertfox]

Because liberals are giant hypocrites.

I am a liberal who is against the death penalty and is against it in this case as well. Looks like I'm not a hypocrite. There goes that statement. (Not that only liberals are against the death penalty-I know a few conservatives who are anti-death penalty).

You value money over human lives? Intriguing.

While valuing murders more than those who make tons of $$$ off of fraud is disturbing, there is a point here-too often we give harsher punishments to blue collar crime than white collar crime-when are we going to see the CEO's that crashed the economy get thrown in jail for example-no doubt their actions led to many deaths as the economy crashed (If you can recall the story of the man who had to resort to robbing a bank for $1 to go to jail so he could get medical attention, then it isn't that hard to recognize that there were probably thousands more who fell by the wayside in the crash, and couldn't get medical attention when they needed it, and eventually succumbed to their illness).

[Ima Farmathar]

Funny, just watched wolf of Wall Street.

And white collar crime costs us $300 billion annually (just an estimation, these guys are pretty good at hiding this). I don't see 10x as many of them feeling the hammer of justice, though.

But seriously you don’t just execute rich people. That scares capital away from your country. It’s far more damaging than 300 billion.

You value money over human lives? Intriguing.

Well of course we are all fungible commodities, any statistician, or insurance salesman could tell you that. Back in the day people brought china-men to work on the railway, when they died they just went and got more. That’s how my grandmother’s family got to America. On those same grounds I’m against the death penalty, it’s wasteful. Do you know how much humans go for now days? And you are hanging them, and injecting chemicals in them so they die? it’s preposterous.

[Lord Thesaurian]

Why do I think that many of the same people who find this a just reaction would be the ones whining about execution of a murderer?

I think we already have the answer:

I'm not pro execution, but these billionaires aren't real humans anyway.


filthy creatures the lot of them.


You can come with all sorts of reasonable rethoric to disprove me and I'll counter them in advance with

Murderers, rapists, and other violent criminals are just victims of evil capitalist society and should be rehabilitated in spa treatment centers. Earning a certain amount of money however indicates that such an individual is sub-human slime who must be disposed of like trash, their resources and wealth transferred to The People's Communal Stockpile for safekeeping.

I think people opposed to the death penalty should be forced to live with these criminals whom they claim are such innocent and saintly victims.....

[Sir Adrian]

Murderers, rapists, and other violent criminals are just victims of evil capitalist society and should be rehabilitated in spa treatment centers. Earning a certain amount of money however indicates that such an individual is sub-human slime who must be disposed of like trash, their resources and wealth transferred to The People's Communal Stockpile for safekeeping.

To be fair, it is impossible to get as rich as Trump or Hilton, in the capitalist system, without destroying the lives of several hundred people in the process. You need to have a special kind of hatred for others to be able to hoard that much money when people are suffering around you.


That being said the death penalty is never justified. This guy should have had his wealth confiscated and faced several years in jail.

[Mayer]

You need to have a special kind of hatred for others to be able to hoard that much money when people are suffering around you.

Or you are simply born in such a family.

He used a trick to privatize state businesses. Assuming he improved their efficiency, I wonder if the amount of wealth he produced for the Iranian people exceeded the value of the money he defrauded.

Certainly not, privatization of a business doesn't lead to an instant increase of revenue despite being a popular myth, in fact they are often dismantled by new owners for quick money. The ability to make profit depends primarily on the location factors (labour & infrastructure) and demand, success is result of good management

This man stole money to gain power, nothing more. A cooperation with him would be the same as cooperating with the mafia.

[sumskilz]

Certainly not, privatization of a business doesn't lead to an instant increase of revenue despite being a popular myth, in fact they are often dismantled by new owners for quick money. The ability to make profit depends primarily on the location factors (labour & infrastructure) and demand, success is result of good management

This man stole money to gain power, nothing more. A cooperation with him would be the same as cooperating with the mafia.

The why he did it is irrelevant to my question. You said "certainly not", and then followed it with "depends". You're certain, yet you don't have any of the details, which just makes it clear that your reaction is emotional and/or ideological. It also seems absurd to assume that someone managing in order to make money for himself, who has a track record of success and tremendous experience, would not be managing the businesses better than politically appointed individuals working to make money for the state.

[sabaku_no_gaara]

I think we already have the answer:

Murderers, rapists, and other violent criminals are just victims of evil capitalist society and should be rehabilitated in spa treatment centers. Earning a certain amount of money however indicates that such an individual is sub-human slime who must be disposed of like trash, their resources and wealth transferred to The People's Communal Stockpile for safekeeping.

I think people opposed to the death penalty should be forced to live with these criminals whom they claim are such innocent and saintly victims.....

Don't make stupid assumptions, murderers thieves and rapists, are bad people period, and I believe in incarcerating them, forcing them to do manual labour in production allowing the prison to be a cheap labour factory and charging the prisoners or their relatives "hotel" fees I have never sprouted the apologist nonsense you just put in my mouth.

I just think the stereotypical Billionaires are even below these people

[Lord Thesaurian]

I just think the stereotypical Billionaires are even below these people

So you claim I'm putting words in your mouth and then finish your rant by spouting the very same insane ideology I just ascribed to you. Thanks, I guess....?

[sabaku_no_gaara]

So you claim I'm putting words in your mouth and then finish your rant by spouting the very same insane ideology I just ascribed to you. Thanks, I guess....?

You ascribed the ideology of apologising for criminals to me, which is something I don't do.

There's a difference between apologising for criminals and despising the paris hiltons, trumps, causers of the financial crisis, offshorers of this world. You lump two ideas together to discredit one of the two and ridicule me, it's a fallacy in debating and I bet you are very aware of this and did it on purpose since you probably know these little tricks often work.

[IronBrig4]

Why do I think that many of the same people who find this a just reaction would be the ones whining about execution of a murderer?

Actually, I'm fine with executing a murderer. And there is a certain satisfaction in seeing a corrupt fat cat get his comeuppance.

And holy crap, I actually agree with Heathen Hammer on something.

[AqD]

Why do I think that many of the same people who find this a just reaction would be the ones whining about execution of a murderer?

a murderer merely ends the life of a few, while a billionaire may have destroyed thousands easily.

I don't see anything irony here. People in Europe condemn Hitler for his cruel and crazy yet patriotic and selfless actions, yet they can easily forgive serial killers like Anders or daily robbers who disrespect others' property and life for nothing but their own personal gain.

[Winston Smith]

a murderer merely ends the life of a few, while a billionaire may have destroyed thousands easily.

I don't see anything irony here. People in Europe condemn Hitler for his cruel and crazy yet patriotic and selfless actions, yet they can easily forgive serial killers like Anders or daily robbers who disrespect others' property and life for nothing but their own personal gain.

patriotic and selfless actions wait what the actual hell?

And no, we don't forgive serial killers and robbers.