Saturday, January 7

Rich Former Wal-Mart Vice Chair Guilty of Fraud 

Yahoo news tells us of another rich guy... you know the story:
"Former Wal-Mart Stores Inc. vice chairman, Thomas Coughlin, agreed to plead guilty to federal wire-fraud and tax-evasion charges later this month, according to the Wall Street Journal.

Always for less.

Coughlin, formerly the retailer's No. 2 executive, left the company early last year amid accusations that he misappropriated as much as $500,000 from Wal-Mart through fraudulent reimbursements and improper use of gift cards, the paper said."

Gift card fraud at Walmart. I wonder how much cheap imported crap $500,000 would get you?

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Tuesday, January 3

Rich White Guy Pleads Guilty to 3 Felony Charges 

The Post tells us of another rich guy who is a criminal:
"Appearing crestfallen and speaking softly in U.S. District Court in Washington early this afternoon, Abramoff, 46, expressed 'profound regret' for what he called his 'multitude of mistakes' in a career that once brought him to the pinnacle of power and influence among Washington lobbyists. After pleading guilty to charges of conspiracy, mail fraud and tax evasion, he told U.S. District Judge Ellen S. Huvelle that he would spend 'all my remaining days' seeking 'forgiveness from the Almighty.'"

Yes. The Almighty. He who doth maketh the casinos and cruise ship lines.

The plea bargain settles one of two fraud and corruption cases against Abramoff, involving charges stemming principally from his lobbying activities in Washington on behalf of Native American tribes. The other case, arising from an indictment in Miami in connection with the purchase of a fleet of casino cruise ships, is expected to be settled by another plea agreement.

And combinith the two to maketh a fleet of casino cruise lines with stolen money! All give praise.

According to the criminal information, Abramoff conspired with Scanlon and others "to corruptly give, offer and promise things of value, including money, meals, trips and entertainment, to public officials and their relatives" in return for official acts benefiting the defendants and their clients."

Is that why Congress hasn't been returning our phone calls? Is that why all the legislation seems to be, oh, against us? Criminals of the highest order, and they would not be in trouble today if they had not become rich. Being rich is the first step on that slippery slope that leads to being a criminal. It is inevitable.

If we criminalize the rich, only the rich will be criminals. I propose a more enlightened approach whereby people are taught not to be greedy and that becoming rich is a symptom of moral weakness. Money is a concept that can corrupt, so having only what is necessary is the goal.

Money that sits in accounts unused is like ammunition waiting to detonate. It should be returned and distributed so that the dangers subside. Ask Jack.

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