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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Morgan Stanley to pay $3.... » Reply #11

Response to deminks (Original post)

Thu Feb 11, 2016, 12:34 PM

11. How nice...

Oh wow! Another fine.

The people that misled investors haven't been fined a dime. Morgan Stanley will pay the fine and deduct it from their taxes and the U.S. (and New York) will probably end up owing Morgan Stanley a refund on federal and state taxes.

The monetary penalty assessed has no impact on Morgan Stanley and the Morgan Stanley personnel that executed this scheme get to keep all the money they made in the scam.

Fraud pays and pays exceedingly well.

There is 0 incentive to not do this or something like it again. Looking at how this has played out... Why would anyone even hesitate? The profits from the fraud were immense for everyone in the fraud ecosystem. Only the investors lost. And, in U.S. (and presumably New York) law there are really no protections for investors. They must sue to recover and they law provides little ground on which to sue.

Money for nothing and chicks for free indeed.

The next scam is probably underway. And the crooks know they won't go to jail and they won't have to give the money back.

Selling worthless garbage has never been so good.

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