To: President Donald Trump, The United States House of Representatives, and The United States Senate
Criminal action against Bankers and Wall Street
Investigate the financial institutions and Wall Street companies/executives that caused the recent financial crises, hold them criminally responsible and fine them the amounts lost by investors. Any recovered funds should be returned to the people that incurred the losses!
Why is this important?
Both the large banks and the Wall Street firms (e.g. Goldman Sachs) conspired to develop and sell financial instruments that were illegally represented and sold to individuals and companies around the world. These investments eventually failed causing individuals and their investments to fail while Wall St were betting against the success of these investments and profited from the failure of these investments. In every case, an individual that attempted to perpetrate this type of fraud would be prosecuted and if found guilty, send to jail and fined (e.g. Bernie Madoff). The same should be true for executives of these financial institutions, they should be criminally prosecuted to the full extent of the law and held accountable. The SEC only has the charter to pursue these situations on a civil basis. The US Dept. of Justice must pursue this to insure criminal actions are prosecuted. To date, the Dept. of Justice has not taken on this challenge. If successfully prosecuted, the financial penalties should be returned to the individuals affected.
The Sec, the White House and the Dept. of Justice have been communicated to without even a response!
The petition is to "find and prosecute the guilty for this illegal action
against innocent investors, fine them, send them to jail and return the lost amounts to the people negatively affected".
The Sec, the White House and the Dept. of Justice have been communicated to without even a response!
The petition is to "find and prosecute the guilty for this illegal action
against innocent investors, fine them, send them to jail and return the lost amounts to the people negatively affected".