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alstry (35.35)

Does Anyone Think This Is Incredible?

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November 17, 2010 – Comments (1)

The Ontario Crown Attorney's Office withdrew criminal charges against a Toronto man accused of operating a multimillion-dollar Ponzi scheme partly because the court lacks resources, CBC News has learned.

According to a report filed by a court-appointed receiver, Tzvi Erez, 43, used a series of expertly forged documents to defraud more than 70 investors of $27 million.

But in an email from Crown attorney Christine McGoey obtained by CBC News, the Crown said one of the reasons it decided not to pursue the case was because of the competition over trial time.

"There are very serious criminal matters competing for limited trial time, with cases being stayed because of delay," wrote McGoey. "And we have to consider the impact of any delay that might occur throughout the process and the variety of factors that are taken into account in assessing which cases will go to trial before others."

Read more: http://www.cbc.ca/canada/story/2010/11/15/tzvi-erez.html#ixzz15aTn7YAa

The case, a multi million dollar financial fraud, can't be prosecuted because the Candian Court does not have the resources?

Crime does pay......as long as it is a financial crime.........just ask our bankers and Wall Street executives.......

But if you are a student protesting double digit rises in your tuition, you will get pepper sparyed.

If you are a child travelling on an airplane, you may get fondled by a sex offender....

And now....over 2% of our GDP is unemployment benefits......

$319 BILLION PAID IN JOBLESS BENEFITS OVER PAST 3 YEARS...

Any guesses what percentage of our GDP is simply Food Stamps and Unemployment....?...don't forget to factor the mulitiplier effect....How do you think the economy and people will react if government chooses to cut back benefits.....

Lifelines are Disappearing for the Poor

As our politicians and bankers are raking in the majority of the handouts......

http://www.cnbc.com/id/40233691

1 Comments – Post Your Own

#1) On November 17, 2010 at 7:43 PM, alstry (35.35) wrote:

and our cities are going broke.....

at the end of the day......our economy is driven by government spending.......

what happens to our economy when government slows spending?

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