Homeless man gets 15 years for stealing $100
Byrnzie
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http://digitaljournal.com/article/265402
Homeless man gets 15 years for stealing $100
By Chris V. Thangham - Jan 17, 2009
'A homeless man robbed a Louisiana bank and took a $100 bill. After feeling remorseful, he surrendered to police the next day. The judge sentenced him to 15 years in prison.
Roy Brown, 54, robbed the Capital One bank in Shreveport, Louisiana in December 2007. He approached the teller with one of his hands under his jacket and told her that it was a robbery.
The teller handed Brown three stacks of bill but he only took a single $100 bill and returned the remaining money back to her. He said that he was homeless and hungry and left the bank.
The next day he surrendered to the police voluntarily and told them that his mother didn’t raise him that way.
Brown told the police he needed the money to stay at the detox center and had no other place to stay and was hungry.
In Caddo District Court, he pleaded guilty. The judge sentenced him to 15 years in prison for first degree robbery.
Meanwhile:
http://moneynews.newsmax.com/financenew ... 75599.html
Former AIG Exec Gets Four Years in Jail For Fraud
Tuesday, January 27, 2009 1:41 PM
'HARTFORD, Conn. -- A former executive of insurance heavyweight American International Group Inc. was sentenced to four years in prison Tuesday in a fraud case that authorities say cost shareholders more than $500 million.
Christian Milton of Wynnewood, Pa., declined to comment during a hearing in U.S. District Court in Hartford. He was ordered to report to the federal Bureau of Prisons on March 25, and his lawyers said they were preparing an appeal.
Judge Christopher Droney also fined Milton $200,000.
Milton, 61, AIG's vice president of reinsurance from 1982 to 2005, was convicted last year of conspiracy, securities fraud, mail fraud and making false statements to the Securities and Exchange Commission.
The investigation also led to the convictions of four General Re Corp. executives last year for their roles in manipulating AIG's financial statements.
Prosecutors said New York-based AIG paid Gen Re in a secret side agreement to take out reinsurance policies with AIG in 2000 and 2001, propping up AIG's stock price and inflating reserves by $500 million.
Reinsurance policies are backups purchased by insurance companies to completely or partly insure the risk they have assumed for their customers.
Milton's lawyer, Frederick Hafetz, told the judge before the sentence was announced that Milton is a good person who was known for helping AIG employees with their problems, including two workers who died from AIDS in the 1980s.
Hafetz also said Milton didn't benefit personally from the fraud, which he called an aberration in Milton's life.
"He has lived a life that our society would prize in its most pious ways," Hafetz said.
Assistant U.S. Attorney Ray Patricco countered that Milton has shown no remorse for his actions and hasn't taken responsibility. He also claimed Milton has done little charitable work.
"He knew exactly what was at stake in this endeavor," Patricco said.
The judge agreed with the prosecutor.
"He surely knew this was a scam from the very start," Droney said. "This was no momentary lapse in judgment."
Milton's wife, her elderly parents and her adult children were among those in the courtroom on Tuesday.
Authorities expect Milton to be deported to his native England after he serves his sentence.
Milton's lawyer asked that his client serve his time at Allenwood Federal Correctional Institute in central Pennsylvania. Prison officials have not decided yet where Milton will be imprisoned.
Ronald Ferguson, the former chief executive of General Re, was sentenced in December to two years in prison and fined $200,000 for his role in the fraud.
Three other former Gen Re officials await sentencing. They are former senior vice president Christopher P. Garand, former chief financial officer Elizabeth Monrad and former senior vice president Robert Graham.
General Re is part of Berkshire Hathaway Inc., which is led by billionaire investor Warren Buffett of Omaha, Neb.'
Homeless man gets 15 years for stealing $100
By Chris V. Thangham - Jan 17, 2009
'A homeless man robbed a Louisiana bank and took a $100 bill. After feeling remorseful, he surrendered to police the next day. The judge sentenced him to 15 years in prison.
Roy Brown, 54, robbed the Capital One bank in Shreveport, Louisiana in December 2007. He approached the teller with one of his hands under his jacket and told her that it was a robbery.
The teller handed Brown three stacks of bill but he only took a single $100 bill and returned the remaining money back to her. He said that he was homeless and hungry and left the bank.
The next day he surrendered to the police voluntarily and told them that his mother didn’t raise him that way.
Brown told the police he needed the money to stay at the detox center and had no other place to stay and was hungry.
In Caddo District Court, he pleaded guilty. The judge sentenced him to 15 years in prison for first degree robbery.
Meanwhile:
http://moneynews.newsmax.com/financenew ... 75599.html
Former AIG Exec Gets Four Years in Jail For Fraud
Tuesday, January 27, 2009 1:41 PM
'HARTFORD, Conn. -- A former executive of insurance heavyweight American International Group Inc. was sentenced to four years in prison Tuesday in a fraud case that authorities say cost shareholders more than $500 million.
Christian Milton of Wynnewood, Pa., declined to comment during a hearing in U.S. District Court in Hartford. He was ordered to report to the federal Bureau of Prisons on March 25, and his lawyers said they were preparing an appeal.
Judge Christopher Droney also fined Milton $200,000.
Milton, 61, AIG's vice president of reinsurance from 1982 to 2005, was convicted last year of conspiracy, securities fraud, mail fraud and making false statements to the Securities and Exchange Commission.
The investigation also led to the convictions of four General Re Corp. executives last year for their roles in manipulating AIG's financial statements.
Prosecutors said New York-based AIG paid Gen Re in a secret side agreement to take out reinsurance policies with AIG in 2000 and 2001, propping up AIG's stock price and inflating reserves by $500 million.
Reinsurance policies are backups purchased by insurance companies to completely or partly insure the risk they have assumed for their customers.
Milton's lawyer, Frederick Hafetz, told the judge before the sentence was announced that Milton is a good person who was known for helping AIG employees with their problems, including two workers who died from AIDS in the 1980s.
Hafetz also said Milton didn't benefit personally from the fraud, which he called an aberration in Milton's life.
"He has lived a life that our society would prize in its most pious ways," Hafetz said.
Assistant U.S. Attorney Ray Patricco countered that Milton has shown no remorse for his actions and hasn't taken responsibility. He also claimed Milton has done little charitable work.
"He knew exactly what was at stake in this endeavor," Patricco said.
The judge agreed with the prosecutor.
"He surely knew this was a scam from the very start," Droney said. "This was no momentary lapse in judgment."
Milton's wife, her elderly parents and her adult children were among those in the courtroom on Tuesday.
Authorities expect Milton to be deported to his native England after he serves his sentence.
Milton's lawyer asked that his client serve his time at Allenwood Federal Correctional Institute in central Pennsylvania. Prison officials have not decided yet where Milton will be imprisoned.
Ronald Ferguson, the former chief executive of General Re, was sentenced in December to two years in prison and fined $200,000 for his role in the fraud.
Three other former Gen Re officials await sentencing. They are former senior vice president Christopher P. Garand, former chief financial officer Elizabeth Monrad and former senior vice president Robert Graham.
General Re is part of Berkshire Hathaway Inc., which is led by billionaire investor Warren Buffett of Omaha, Neb.'
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Comments
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Funny how it goes.
from what I've seen, it all depends on the Judge, their political opinions, and often times region of the country. it varies WIDELY.
then the dude will be really pissed....losing out on meals, cable, bath, maybe some lovin.
Jail is such a great place that homeless people want in.
Jesus.
lower class? fuck em, send em to jail.
upper class? oh they've learned the lesson.
its bullshit.
its the same with death row inmates. mainly poor.
Now he's got 3 hot's and a cot
We should be more ashamed than usual. Shame on those who think prison is some sort of taxpayer supported charitable organization for homeless people, and shame on our leaders, for being more concerned about world domination than about taking care of their own citizens.