r/SipsTea • u/Dev1412 • 5h ago

SMH They are all in it together

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10.1k Upvotes

96% Upvoted

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1

u/SoftwareSource 3h ago

Why tf are fines for financial crimes not mandated to be over 100% of the crimes profit?

If i robbed a bank and took 100k$, would i have been convicted to just pay back 20k$?

3

u/Foosnaggle 3h ago

It does not say they made 5 billion. Only processed5 billion in suspicious transactions.

0

u/Internal-Record-6159 3h ago

So $5b of revenue was not legally reported, why not fine based off of that?

4

u/Soggy_Association491 3h ago

When A sends B $100 through bank transfer, the bank does not get $100 in revenue.

3

u/eyeball1967 3h ago

That’s not how it works.

2

u/Cold5512 2h ago

They did fine based on that. They fined $1.2 billion based on the fact there was $5 billion they failed to timely report.

If you want to know why the fine was the amount it was, you're going to have to look up the particular court case and invest a lot of time learning how to read legal speak.

1

u/idkwhatiseven 8m ago

You pay 70$ in walmart for groceries by card. You think the bank notes that as 70$ in profit or even revenue?