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by kakwa_ 2678 days ago
The French hierarchy of UBS got some prison time, but it's 6 to 18 suspended prison sentences, so no real jail time.

They were also fined 50000 to 300000 euros personally (they have to pay as private citizens, it's not part of the 3.7B euros fined to UBS).

Not completely full, but also not completely empty.

1 comments

50k and 300k are peanuts to these people, who have been pocketing millions each year in salaries and bonuses.

Jail time would be the only real punishment. They take very calculated and rewarding risks. If they don't get caught they walk away with many millions. If they get caught they walk away with many millions minus a few k.

Technically this is a "sure bet".