Weasel CEO's Rich, Shrewd, Crooked as a Dog's Hind Leg

Image of Some CEO's at the Top

Recent Crooks: JP Morgan, $13B Fine for Mortgage Mess 

Infosys, $34M Fine for Visa Abuse 

This subject always amazes and fascinates me about how our criminal justice system works. On the whole, and based on these two big cases, it seems fair and balanced as it nails the big guys, too and not just low-level criminals. These two cases are interesting case studies for many reasons: 

(1)  JP Morgan

(2)  Infosys 

Both are bad boy stories. The Infosys story is based on abuse of our immigration/Visa system and it is particularly bad. The scheme uncovered involved bringing Indian workers into the U.S. under false pretenses using visas claiming they had special expertise that couldn't be found in the U.S. Their visas claimed they were just here for a meeting and that they wouldn't work in the U.S. Thousands of Americans lost jobs, too.

The worst part: Infosys knew it was a crime as CBS News has obtained internal Infosys documents that allegedly gave employees instructions on how to lie once they got to immigration and into the U.S.

The JP Morgan mess in simple terms is more interesting as it falls in line with this old saying from “Pretty Boy” Floyd who supposedly said: “Some will rob you with a six-gun, and some with a fountain pen.” 

Many agree that in our legal system a drug addict who holds up a 7-Eleven store may get 10 or more years in prison, but a big famous banker who peddles billions of dollars in ruinous loans to poor people, then sells the paper to government-supported institutions such as Fannie Mae and Freddie Mac, receives a nominal fine years after the fact, but doesn't go to jail (the JP Morgan example).

So, I wonder: Imagine in the U.S. and around the world about those reputable corporation run by smart, famous, well-educated, and highly-paid CEO's and their boards (who may have known they were committing a crime) never getting caught. 

The public trust about those types hits rock bottom.