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By Robert A. Vella

Here’s three important news stories from this week:

Former Goldman Sachs and New York Federal Reserve “employee” (i.e. a corrupt banker) Rohit Bansal will serve no jail time for pleading guilty to “obtaining confidential information” (i.e. stealing, violating privacy laws and SEC regulations).  Instead, he was sentenced to 300 hours of community service and fined $5,000 by U.S. Magistrate Judge Gabriel Gorenstein in Manhattan.  He was also “banned for life” by the banking community.  See:  Ex-Goldman Sachs employee gets zero jail time for stealing information from the Federal Reserve Bank and Fired bankers at Goldman, NY Fed were pals: Lawyer.

California judge orders for-profit Corinthian Colleges to pay $1.17 billion in damages and penalties for false advertising and other practices which misled students into enrolling and borrowing money to pay their tuition.

U.N. tribunal finds former Bosnian Serb leader Radovan Karadzic guilty of genocide and other charges for his role in the 1990s Bosnian War which included an ethnic-cleansing massacre of thousands of Muslims in and around the town of Srebrenica.

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2 thoughts on “News of the week: Wall Street crook goes free, CA fines for-profit college, UN genocide verdict

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