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Ichingcarpenter

(36,988 posts) Wed Apr 23, 2014, 11:15 AM Apr 2014

A fine of just $300 [View all]

A former Bank of America senior vice president who conspired to rig municipal bond bids will not face prison time, despite pleading guilty.

Douglas Campbell escaped a possible 35-year jail sentence because he cooperated with prosecutors, investigating bid rigging in the municipal bond market which is worth $3.7tn (£2.2tn, €2.7tn).

He pleaded guilty in 2010 to three counts of wire fraud, conspiracy, and conspiracy to retain trade.

Campbell received a fine of just $300 and no further penalty.

US District Judge Kimba Wood said that the former Bank of America employee deserved clemency for his cooperation with federal investigators for almost a decade.

Campbell's lawyer, Walter Mack, said in a letter to the judge: "I have never represented a cooperating defendant who has given so much for so long at such cost to himself and his family."

http://www.ibtimes.co.uk/former-bank-america-senior-vp-guilty-bond-bid-rigging-escapes-jail-1445692

48 replies

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Highlight:

A fine of just $300 [View all] Ichingcarpenter Apr 2014 OP

he was just so, so giving.. frylock Apr 2014 #1

For the rest of the story Ichingcarpenter Apr 2014 #5

"None have been charged in the case." Enthusiast Apr 2014 #22

NONE?? then wtf was his "help"?? DiverDave Apr 2014 #36

It feels dirty, but Blue_Tires Apr 2014 #2

Read the amnesty agreement Ichingcarpenter Apr 2014 #6

yeah, that's ugly Blue_Tires Apr 2014 #10

Community service for one of the worst. Ichingcarpenter Apr 2014 #11

How come.... catnhatnh Apr 2014 #12

Black and white or gold and green? Erich Bloodaxe BSN Apr 2014 #18

that and...criminalizing black people is profitable and popular noiretextatique Apr 2014 #47

+1,000,000 n/t catchnrelease Apr 2014 #19

Oh Yes. bvar22 Apr 2014 #7

+1 Enthusiast Apr 2014 #23

John Edwards, warts and all, was certainly right about the "Two Americas". bvar22 Apr 2014 #39

I hope we can change that. Enthusiast Apr 2014 #40

I take it Mr. Mack usually represents murderers? JHB Apr 2014 #3

wow wow wow... Jesus Malverde Apr 2014 #4

It's not even a slap on wrist, instead... TRoN33 Apr 2014 #8

That's going to end up on his permanent record. OnyxCollie Apr 2014 #9

What are you talking about? mindwalker_i Apr 2014 #16

It was sarcasm. nt OnyxCollie Apr 2014 #21

Oops, sorry mindwalker_i Apr 2014 #43

Collateral consequences! Collateral consequences! tclambert Apr 2014 #13

Gangsters, take note. closeupready Apr 2014 #14

Judge Kimba Woods was a Clinton nominee for attorney General Fla Dem Apr 2014 #15

Who gave Miliken a pretty stiff sentence. nt msanthrope Apr 2014 #24

Bull shit ..... Wood reduced his sentence by years. Ichingcarpenter Apr 2014 #26

Sure--after SDNY prosecutors asked her to because he co-operated with them. The SEC wasn't happy, msanthrope Apr 2014 #30

Under President Bush.... justice Ichingcarpenter Apr 2014 #31

Are you trying to insult me? You don't seem very coherent. nt msanthrope Apr 2014 #33

I've been reading this thread and came to this-I'll insult ya msanthrope-consider it done fool. n/t bobthedrummer Apr 2014 #41

One wishes for more erudite detractors. nt msanthrope Apr 2014 #42

Appointed by Reagan and married to a wall street financier. Ichingcarpenter Apr 2014 #29

Good thing it was a Democratic judge. DeSwiss Apr 2014 #17

Aw, poor baby. He gave so much. Hoppy Apr 2014 #20

And just think of the number of people whose lives have been ruined for having smoked a joint: indepat Apr 2014 #25

She's a smart judge - TBF Apr 2014 #27

Advice? DeSwiss Apr 2014 #38

That or the guy really gave them every single thing TBF Apr 2014 #44

Mafia high stakes players do it to each other all the time for the FBI. Rex Apr 2014 #46

He musta sung like a damn canary, then!!! nt MADem Apr 2014 #28

Community service was the other penality Ichingcarpenter Apr 2014 #32

For a decade, apparently. nt msanthrope Apr 2014 #34

Nothing happened either on his singing Ichingcarpenter Apr 2014 #35

Two set of rules...one for white collar and one for blue collar crime. Rex Apr 2014 #37

I agree. nt TBF Apr 2014 #45

cost of a couple speeding tickets. progressoid Apr 2014 #48