Banks claim victory in NatWest Three case

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  • Bank Fraud

    Who can you trust nowadays. Looks like it is always the people at the top who commit fraud amounting to millions and billions of dollars - but the small man, who may rob a sandwich because he is hungry is given the worst treatment - even subject to third-degree by the police. Robbery in any form cannot be condoned - but the big sharks always get away with the minimum of sentence.
    If people in trust are caught in fraudulent deals - whatever their positions, reputations and/or influence may be, the courts should ensure that these people are subjected to the Maximum Sentence possible - so that it will serve as a deterrent to other possible high-level fraudsters.

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  • Plea Bargaining

    This case leaves me feeling distinctly uncomfortable - not because the Defendants committed fraud (they were investigated by the SFO which found no evidence of criminal wrongdoing) but because they were felt they had no choice other than to take a plea bargain. In the post Enron climate there was always the risk of conviction and the Defendants chose not to proceed to trial and risk a much longer sentence. What a double whammy - an unfair and unbalanced extradition treaty and a US justice system compromised by the tendency to resolve cases by plea bargain.

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