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July 30, 2012

Huge Iranian fraud results in death sentences

As reported in this New York Times piece, which is headlined "Iran Sentences Four to Death Over $2.6 Billion Bank Fraud," Iran has imposed a notable set of sentences in a notable fraud case. Here are the details:

In the first sentences to be handed down in a $2.6 billion embezzlement case, an Iranian court ordered the death penalty for four people in the fraud that was uncovered in a network of Iranian banks last year, Iranian state media reported on Monday.

The four, who were not named in the report by the Fars news agency, were among 39 suspects who were convicted in what the Iranian authorities have described as the biggest financial swindle in the country’s history. The top prosecutor, Gholam Hossein Mohseni-Ejei, told reporters that two of the defendants had been given life sentences, while the others were given sentences of up to 25 years....

The other suspects were not named, but have been said to include managers of bank branches, and a number of clerks who were accused of accepting bribes. Fars quoted Mr. Mohseni-Ejei as saying that the other sentences that were handed down included prison terms of 10 and 20 years, as well as lighter sentences.

July 30, 2012 at 06:59 PM | Permalink

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Comments

Assume we agree that a life is worth $6 million, market price method.

Anyone who has criminally destroyed $6 million in value, has destroyed an economic life. The death penalty is fully warranted.

If the defendants were guilty according to our defective Rules of Evidence, which are less defective than the Iranian Rules of Evidence, the death penalty is warranted. An appellate review should be limited to the correctness of the guilty verdict, not to any procedure.

http://en.wikipedia.org/wiki/Capital_punishment_in_Iran

Posted by: Supremacy Claus | Jul 30, 2012 10:35:56 PM

I say LWOP was justified more so than the death penalty in this case.

Posted by: Randy | Jul 31, 2012 4:14:46 PM

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