How Iran deals with their fraudulent bankers. Hanging.

[kwassa]

A billionaire businessman at the heart of a $2.6 billion state bank scam in Iran, the largest fraud case since the country's 1979 Islamic Revolution, was executed Saturday, state television reported.

....................................................

Khosravi's business empire included more than 35 companies from mineral water production to a football club and meat imports from Brazil. According to Iranian media reports, the bank fraud began in 2007.

A total of 39 defendants were convicted in the case. Four received death sentences, two got life sentences and the rest received sentences of up to 25 years in prison.

The trials raised questions about corruption at senior levels in Iran's tightly controlled economy during the administration of former President Mahmoud Ahmadinejad.

Mahmoud Reza Khavari, a former head of Bank Melli, another major Iranian bank, escaped to Canada in 2011 after he resigned over the case. He faces charges over the case in Iran and remains on the Islamic Republic's wanted list. Khavari previously admitted that his bank partially was involved in the fraud, but has maintained his innocence.

http://www.usatoday.com/story/money/business/2014/05/24/iran-billionaire-executed-over-26b-bank-fraud/9535639/

[Shandris]

1. I'm sure it's been quoted before, but when it comes to things like people who steal...

...the life-earnings of others, or steal monies from tens of thousands of people (when money, a stand-in for time, is the only thing we truly have to ourselves), I am often reminded of something the great George Carlin once said.

"When's the last time we boiled someone in oil? IT'S BEEN TOO LONG!"

(I'd hope that the -spirit- of the point, and not the actual act itself, is what someone takes from this post!! )

[NutmegYankee]

5. Corporate Sponsor: Crisco!

That was a great show.

This part is spot on:

[Scootaloo]

2. That's how Iran deals with a lot of crime. I don't think it's worth admiration

Killing a person is killing a person.

[spanone]

3. [phone]

[kwassa]

6. It's more the idea that a banker actually gets punished.

I'm not in favor of hanging, either.

[Scootaloo]

7. Fair enough

If you want to punish a banker, then what you do is strip their assets and garnish 75% of every dollar they earn over $350. Make them live like the people they screwed.

But then I'm of a mind that justice should be a little more varied than "pittance, prison, or termination"

[NutmegYankee]

4. Tsk Tsk Iran.

In your constant effort to create a radical and backward society, you go an ruin it all by doing something as awesome as punishing a corrupt scumbag banker. Don't you know your supposed to give these guys cushy government jobs so they can make national economic policy! Guess you need more sanctions...

[msongs]

8. I doubt the Ayahtollash ever said that guy was too big to prosecute or jail, unlike our AG nt

[Dirty Socialist]

9. I Wouldn't Hang Him

I would put him in jail for a long time. Not white people's jail, JAIL jail.

[Skittles]

10. going from one extreme (doing nothing) to the other

can they just be jailed like the criminals they are?