Thursday, July 3, 2014

Flatow Family lawsuit leads to other cases

On Tuesday, July 2, 2014, The New York Times featured us in a front page story (below the fold). 

The story which can be read here, outlines how the family lawsuit, Flatow v. Islamic Republic of Iran, eventually led New York City prosecutors and, eventually, the United States Attorney in Manhattan, to track down the illegal flow of money through a French bank, BNP Paribas, in violation of American law.  The result, a whopping multi-billion fine paid by BNP to avoid further prosecution.

In the scheme of things, the fine is meaningless.  What has to happen in these cases is that the faceless mandarins who designed the scheme that led to the illegal transfers have to be personally held accountable.

Until that happens, BNP and others, will conduct business as usual and their profits will continue to soar.

That's what I think.

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