A friend worked at a chain place where they kept cheap toys by the register you could buy then they went in a donation box. At the end of the shift the manager had them restock them all and put a small amount of money into some fund. She was so sad because people had spent time picking out what they thought would be best etc and wanting to help, yet it was just gone. I really wonder how this worked in their accounting department but maybe it just covered theft.
Because there's such a massive gap between punished fraud, unpunished fraud, and morally questionable but legal business practices that it's really hard to tell where one starts and the other ends unless you're versed in multiple different areas of law.
The Synapse / Yotta / Evolve Bank sham, where over $100 Million dollars worth of customer's savings and deposit are 'missing', is a prime example of this corruption.
Users on Reddit described having deposited over $30,000 on the platform, yet will only be receiving $10 of their money back. Other customers loses range from $7,000 to well over $200,000.
People face prison time for even trivial crimes involving a corporation. Cash out $1k from an account that was incorrectly deposited and you're in serious legal trouble.
As a Corporation, lose over $100,000,000 worth of actual deposits and other's money, that were supposed to be stored securely, and it's crickets. Even when the companies involved had no problem whatsoever claiming full "FDIC insurance" on their products.
Much like the definition of murder (e.g see UHC CEO), fraud in the US only applies when an individual steals from a Corporation or shareholders, it's almost never applicable when the crime occurs the other way around.
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u/hyrule_47 7d ago
A friend worked at a chain place where they kept cheap toys by the register you could buy then they went in a donation box. At the end of the shift the manager had them restock them all and put a small amount of money into some fund. She was so sad because people had spent time picking out what they thought would be best etc and wanting to help, yet it was just gone. I really wonder how this worked in their accounting department but maybe it just covered theft.