Thursday, February 12, 2009

Show Me the Money?

From AP:
Pa. judges to enter plea in kickback scheme

SCRANTON, Pa. (AP) — Two Pennsylvania judges charged with taking millions of dollars in kickbacks to send teenagers to two privately run youth detention centers are expected to plead guilty to fraud.

Luzerne County Judges Mark Ciavarella and Michael Conahan are scheduled to appear at a federal court hearing Thursday afternoon

Prosecutors say the two judges took $2.6 million in payoffs to put juvenile offenders in lockups run by PA Child Care LLC and a sister company, Western PA Child Care LLC. The judges were charged on Jan. 26 and removed from the bench by the Pennsylvania Supreme Court shortly afterward.

Prosecutors says the two are scheduled to plead guilty to two counts of fraud. Their plea agreements call for sentences of more than seven years in prison. They are expected to remain free pending sentencing.

The best line of thought I heard today was, "Shouldn't we be walking upright with tools and things?"
I personally always think that after 5000 years of civilization we would be polite and civil.
There is a deep rooted thought in the upper crust of today's society that they can do what they want with the hoards of money in our banks and be immune to law or civil behavior. In the past 8 years they have deftly moved our wealth (with a smirk) away from the United States citizen.
Obama like Lincoln after the civil war let the Confederate soldiers walk home after the war. Obama thinks he won the war by winning the election. He is letting the Republicans walk away with the cash with a smirk on their faces.
We sent a plane load of money to Iraq which quickly disappeared. We spent 10 billion dollar a month in the last 5 years in Iraq and what have we bought for it?
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From the guardian.co.uk: Lloyds faces accusations of tax avoidance

Lloyds, one of the banks bailed out by the government, has been accused in court by the Treasury this week of using a subsidiary to pour hundreds of millions into transatlantic tax avoidance schemes.

Huge loans to American financial institutions were disguised as commercial investments for tax purposes, it is alleged in a case against the bank being brought by HM Revenue & Customs, a department of the Treasury. As a result, the money from the deals was treated differently for tax purposes on each side of the Atlantic.

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