Post: #1

TEHRAN, Iran (AP) — A billionaire businessman at the heart of a $2.6 billion state bank scam in Iran, the largest fraud case since the country's 1979 Islamic Revolution, was executed Saturday, state television reported.

Authorities put Mahafarid Amir Khosravi, also known as Amir Mansour Aria, to death at Evin prison, just north of the capital, Tehran, the TV reported. The report said the execution came after Iran's Supreme Court upheld his death sentence.

Khosravi's lawyer, Gholam Ali Riahi, was quoted by news website khabaronline.ir as saying that the death sentence was carried out without him being given any notice. Death sentences in Iran are usually carried out by hanging.

"I had not been informed about the execution of my client," Riahi said. "All the assets of my client are at the disposal of the prosecutor's office."

State officials did not immediately comment on Riahi's claim.
The fraud involved using forged documents to get credit at one of Iran's top financial institutions, Bank Saderat, to purchase assets including state-owned companies like major steel producer Khuzestan Steel Co.

Khosravi's business empire included more than 35 companies from mineral water production to a football club and meat imports from Brazil. According to Iranian media reports, the bank fraud began in 2007.

A total of 39 defendants were convicted in the case. Four received death sentences, two got life sentences and the rest received sentences of up to 25 years in prison.

The trials raised questions about corruption at senior levels in Iran's tightly controlled economy during the administration of former President Mahmoud Ahmadinejad.

Mahmoud Reza Khavari, a former head of Bank Melli, another major Iranian bank, escaped to Canada in 2011 after he resigned over the case. He faces charges over the case in Iran and remains on the Islamic Republic's wanted list. Khavari previously admitted that his bank partially was involved in the fraud, but has maintained his innocence.

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I wonder if this type of "justice" system would put the bankers in the west on guard to behave...... The same with politicians. I am sad that a family has lost a loved one, but I have to agree with Iran on punishing the white collar criminals severely. Death penalty a bit too much. Hopefully, the west starts to punish those who cause mischief like the 2008 crisis.

Post: #2

Could use some real Wall Street justice here in the US

Post: #3

Brilliant.

Skin in the game.

Post: #4

Post: #5

Iranians gon' Irain.

Post: #6

Those who run the show rarely punish their own.

In the West, the financial and military sectors run the countries. And when was the last time the death penalty was meted out to a general or a Wall Street tycoon?

Yes...never.

In Iran, with its government of the "waliyat al-faqih" (clerical rule), the clerics run the show. And there, too, no clerics end their days at the end of the rope.

He who rules, punishes not himself.

Post: #7

With that kind of diversified wealth, why the fuck stay in Iran?

Post: #8

(05-25-2014 08:13 AM)Rutting Elephant Wrote:  With that kind of diversified wealth, why the fuck stay in Iran?

What you do in this cases is usualy go along with the guy, make him believe that everything is working smoothly right until you are ready to swing the axe down.

Post: #9

Meanwhile Jon Corzine outright steals money from MF Global's investors, says "I don't know where the money went" to Congress and rides off into the sunset a very wealthy man.

Post: #10

$2.6B I can understand why he'd stay and continue to pillage but at half a bill I'd be looking to get 7 passports after my plastic surgery, name change, possibly fake my death.....I'd be gone. Unless you are doing something legit(and even then) anything beyond that level of wealth you're almost asking to be executed in a country like that.

Post: #11

(05-25-2014 08:13 AM)Rutting Elephant Wrote:  With that kind of diversified wealth, why the fuck stay in Iran?

Maybe it was a pussy paradise for him.

Post: #12

The US banksters committed massive fraud that almost brought down the entire world economy and not only weren't they prosecuted but most of them got bonuses. In China, cheating bankers have been shot. In Iran, they are hanged. It shows you who has the power in America.

Post: #13

(05-25-2014 09:13 PM)Sherman Wrote:  In China, cheating bankers have been shot. In Iran, they are hanged. It shows you who has the power in America.

Or it shows who live in a civilized country.
I can understand wanting killers to be executed, but for frauders that's a bit harsh.

Post: #14

Bearnie Maddoff sacrificed himself hoping to pass on his ill gotten goods to his children. (Then was surprised when his son committed suicide in shame of what his father had done, botching Bearnie's plans of a legacy)

History of the Great American Fortunes is a long history of crooks grubbing money, then trying to legitimize the next generation.
http://www.gutenberg.org/files/30956/309...0956-h.htm

Old guy probably took the rope himself in hopes of letting his family go clean.

Post: #15

(05-26-2014 09:13 AM)Pantheon Dweller Wrote:  

(05-25-2014 09:13 PM)Sherman Wrote:  In China, cheating bankers have been shot. In Iran, they are hanged. It shows you who has the power in America.

Or it shows who live in a civilized country.
I can understand wanting killers to be executed, but for frauders that's a bit harsh.

What about putting them is prison for breaking laws? Has a billionaire ever gone to jail in America?

Post: #16

(05-26-2014 09:13 AM)Pantheon Dweller Wrote:  

(05-25-2014 09:13 PM)Sherman Wrote:  In China, cheating bankers have been shot. In Iran, they are hanged. It shows you who has the power in America.

Or it shows who live in a civilized country.
I can understand wanting killers to be executed, but for frauders that's a bit harsh.

Depends on the fraud,

Luring willing dumbasses into a ponzi scheme and then taking them for all they've got, No.

Fixing the system so that you loot innocent people's life savings, fuck Yes

Post: #17

(05-26-2014 10:09 AM)Sherman Wrote:  

(05-26-2014 09:13 AM)Pantheon Dweller Wrote:  

(05-25-2014 09:13 PM)Sherman Wrote:  In China, cheating bankers have been shot. In Iran, they are hanged. It shows you who has the power in America.

Or it shows who live in a civilized country.
I can understand wanting killers to be executed, but for frauders that's a bit harsh.

What about putting them is prison for breaking laws? Has a billionaire ever gone to jail in America?

That's more reasonable. But "billionaire" means great lawyers and network.

(05-26-2014 04:17 PM)NomadofEU Wrote:  

(05-26-2014 09:13 AM)Pantheon Dweller Wrote:  

(05-25-2014 09:13 PM)Sherman Wrote:  In China, cheating bankers have been shot. In Iran, they are hanged. It shows you who has the power in America.

Or it shows who live in a civilized country.
I can understand wanting killers to be executed, but for frauders that's a bit harsh.

Depends on the fraud,

Luring willing dumbasses into a ponzi scheme and then taking them for all they've got, No.

Fixing the system so that you loot innocent people's life savings, fuck Yes

Despite the amount of money, I can't see it as requiring a sentence as severe as what you'd get for say assault or home invasion. So, death...