Compare that treatment with MF Global Chief Executive, Jon Corzine (also formerly of Goldman Sachs) who is being accused by the trustee of causing the firm's collapse. Corzine was also responsible for the disappearance of $1 billion in customer money. However, Corzine was not deemed negligent and he does not admit doing anything wrong.
Note the differences in treatment for the lowly trader who pleads guilty and the might CEO who admits to nothing.
That is what a corrupt financial system and a rotting legal system looks like: fines all round and only jail time for the small fry.
Ex-Goldman trader charged in $7.6 billion rogue trade
By AFP - The Newcastle Herald
A former trader at Goldman Sachs pleaded guilty Wednesday to fraud linked to a scheme to hide an unauthorised $US8 billion ($7.6 billion) futures bet he made at the US banking giant.
The trader was on Goldman Sachs Capital Structure Franchise Trading desk in New York with a salary of $US150,000 and expecting a bonus of $US1.6 million in 2007, the year that he turned rogue, prosecutors say.
In November 2007, after he lost a "significant portion" of profits he'd earned in his account that year, Taylor was told by superiors to scale back his risk-taking and informed his bonus would be cut back.
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