No jail time for Olympus bosses who committed $1.7 billion accounting fraud

**interested_observer** · 07-04-2013, 07:46 AM

No jail time for Olympus bosses who committed $1.7 billion accounting fraud

**monochrome** · 07-04-2013, 08:01 AM

Yet we rend our garments and tear our hair because Ricoh slightly alters the name of the subsidiary company that manufactures our gear.

And wish we had an OM-D of our own.

Sheesh.

Na Horuk · 07-04-2013, 10:24 AM

Man.. stories like that... makes a person want to commit $1.7 billion fraud.

tclausen · 07-04-2013, 11:06 AM

Originally posted by Na Horuk

Man.. stories like that... makes a person want to commit $1.7 billion fraud.

Oh, what I wanted to reply to that would get me banned for life here ....

VisualDarkness · 07-04-2013, 11:33 AM

You need some good ethics and morals to wistleblow things like this only to get fired and maybe lose your career, although he recieved his money atleast. If only there were more people like him we wouldn't be in this long financial crisis at all. Shame on the corrupt men who sacrificed the future of the company for their own good at the time.

audiobomber · 07-04-2013, 11:49 AM

No surprise. Wealthy people rarely go to jail and when they do, they are quickly released. They're in the rich peoples' club, and the club finds a way to protect their own.

VisualDarkness · 07-04-2013, 01:09 PM

Originally posted by audiobomber

No surprise. Wealthy people rarely go to jail and when they do, they are quickly released. They're in the rich peoples' club, and the club finds a way to protect their own.

It's interesting that poor people often end up in jail but rich ones ends up paying money, something that they already got a lot of.

**monochrome** · 07-04-2013, 01:12 PM

Well then we should all aspire to be wealthy people - but to acquire our wealth by honest means and endeavor throughout our lives not to run afoul of the law.

It isn't the wealth or the favoritism that's bad, its the badness of people.

audiobomber · 07-04-2013, 01:14 PM

Originally posted by monochrome

It isn't the wealth or the favoritism that's bad, its the badness of people.

I disagree. Favourtism is unjust, therefore it is bad.

**monochrome** · 07-04-2013, 01:36 PM

Originally posted by audiobomber

I disagree. Favourtism is unjust, therefore it is bad.

People choose favorites to preserve thier own positions.

Most wealthy are good people, worked hard to earn their wealth (or to put their inheritances to good use), share their wealth, pay their taxes and live comparatively simple lives. So simply, in fact, that you don't even know they are wealthy. They just want to be left alone to live their lives..

Na Horuk · 07-04-2013, 02:30 PM

Originally posted by monochrome

Well then we should all aspire to be wealthy people

Yeah.. and when we run out of bread we should just eat cake

07-04-2013, 07:46 AM	#1
interested_observer Loyal Site Supporter Join Date: Jun 2009 Location: Tumbleweed, Arizona Photos: Gallery \| Albums Posts: 5,707	No jail time for Olympus bosses who committed $1.7 billion accounting fraud No jail time for Olympus bosses who committed $1.7 billion accounting fraud

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07-04-2013, 08:01 AM	#2
monochrome Loyal Site Supporter Join Date: Mar 2008 Location: Working From Home Photos: Gallery \| Albums Posts: 26,276	Yet we rend our garments and tear our hair because Ricoh slightly alters the name of the subsidiary company that manufactures our gear. And wish we had an OM-D of our own. Sheesh.

07-04-2013, 10:24 AM	#3
Na Horuk Veteran Member Join Date: Feb 2012 Location: Slovenia, probably Photos: Gallery \| Albums Posts: 11,186	Man.. stories like that... makes a person want to commit $1.7 billion fraud.

07-04-2013, 11:06 AM	#4
tclausen Veteran Member Join Date: May 2012 Posts: 1,397	Originally posted by Na Horuk Man.. stories like that... makes a person want to commit $1.7 billion fraud. Oh, what I wanted to reply to that would get me banned for life here ....

07-04-2013, 11:33 AM	#5
VisualDarkness Veteran Member Join Date: Nov 2011 Location: Uppsala, Sweden Photos: Gallery Posts: 4,439	You need some good ethics and morals to wistleblow things like this only to get fired and maybe lose your career, although he recieved his money atleast. If only there were more people like him we wouldn't be in this long financial crisis at all. Shame on the corrupt men who sacrificed the future of the company for their own good at the time.

07-04-2013, 11:49 AM	#6
audiobomber Veteran Member Join Date: May 2008 Location: Sudbury, Ontario Photos: Albums Posts: 6,806	No surprise. Wealthy people rarely go to jail and when they do, they are quickly released. They're in the rich peoples' club, and the club finds a way to protect their own.

07-04-2013, 01:09 PM	#7
VisualDarkness Veteran Member Join Date: Nov 2011 Location: Uppsala, Sweden Photos: Gallery Posts: 4,439	Originally posted by audiobomber No surprise. Wealthy people rarely go to jail and when they do, they are quickly released. They're in the rich peoples' club, and the club finds a way to protect their own. It's interesting that poor people often end up in jail but rich ones ends up paying money, something that they already got a lot of.

07-04-2013, 01:12 PM	#8
monochrome Loyal Site Supporter Join Date: Mar 2008 Location: Working From Home Photos: Gallery \| Albums Posts: 26,276	Well then we should all aspire to be wealthy people - but to acquire our wealth by honest means and endeavor throughout our lives not to run afoul of the law. It isn't the wealth or the favoritism that's bad, its the badness of people.

07-04-2013, 01:14 PM	#9
audiobomber Veteran Member Join Date: May 2008 Location: Sudbury, Ontario Photos: Albums Posts: 6,806	Originally posted by monochrome It isn't the wealth or the favoritism that's bad, its the badness of people. I disagree. Favourtism is unjust, therefore it is bad.

07-04-2013, 01:36 PM	#10
monochrome Loyal Site Supporter Join Date: Mar 2008 Location: Working From Home Photos: Gallery \| Albums Posts: 26,276	Originally posted by audiobomber I disagree. Favourtism is unjust, therefore it is bad. People choose favorites to preserve thier own positions. Most wealthy are good people, worked hard to earn their wealth (or to put their inheritances to good use), share their wealth, pay their taxes and live comparatively simple lives. So simply, in fact, that you don't even know they are wealthy. They just want to be left alone to live their lives..

07-04-2013, 02:30 PM	#11
Na Horuk Veteran Member Join Date: Feb 2012 Location: Slovenia, probably Photos: Gallery \| Albums Posts: 11,186	Originally posted by monochrome Well then we should all aspire to be wealthy people Yeah.. and when we run out of bread we should just eat cake