this post was submitted on 03 Dec 2024
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Summary

Vietnam’s High People’s Court upheld the death sentence for real estate tycoon Truong My Lan, convicted of embezzlement and bribery in a record $12 billion fraud case.

Lan can avoid execution by returning $9 billion (three-quarters of the stolen funds), potentially reducing her sentence to life imprisonment.

Her crimes caused widespread economic harm, including a bank run and $24 billion in government intervention to stabilize the financial system.

Lan has admitted guilt but prosecutors deemed her actions unprecedentedly damaging. She retains limited legal recourse through retrial procedures.

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[–] [email protected] 39 points 3 weeks ago (1 children)

I don't support the death penalty, but I won't be terribly sad if a criminal billionaire gets executed by their own government.

[–] [email protected] 19 points 3 weeks ago (6 children)

I fully support it for the rich and powerful just because prisons can't reliably hold them. If they're not put in the ground, they'll worm their way out of consequences eventually.

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[–] [email protected] 27 points 3 weeks ago (1 children)

Bring this shit to the US. Chop chop.

[–] [email protected] 19 points 3 weeks ago (2 children)

They defrauded 12 billion, only have to pay 9? Sounds like they just made 3 billion.

[–] [email protected] 4 points 3 weeks ago

If these fucks face a realistic prospect of getting their heads chopped off? Sure, let 'em roll those dice.

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[–] [email protected] 5 points 3 weeks ago

If only all "tycoons" could face execution...

[–] [email protected] 4 points 3 weeks ago

Common Vietnam w

[–] [email protected] 22 points 3 weeks ago

We now have precedent y'all

[–] [email protected] 32 points 3 weeks ago (15 children)

The amount of people in here pushing for the death penalty when it's used on people they dislike is sickening...

This is a penalty that needs to be abolished, not expanded or made exceptions for.

[–] [email protected] 26 points 3 weeks ago (10 children)

Revolutions aren't pillow fights.

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[–] [email protected] 16 points 3 weeks ago* (last edited 3 weeks ago)

Nonsense. I oppose the death penalty for almost all crimes. It's just too easy to render an inaccurate verdict, and you can't undo an execution.

But we don't have any doubt about billionaires. They're verifiably guilty beyond any shadow of a doubt.

I also think they should be able to avoid the death penalty by giving up their wealth and living on minimum wage for a number of years equal to the number of billions they captured and withheld from society.

[–] [email protected] 13 points 3 weeks ago

Seems to be a common mindset among americans. As european I don't understand it.

[–] [email protected] 30 points 3 weeks ago (4 children)

You're completely right.

However, I feel like I'd make an exception for people who massively contribute to an actual existential threat to humanity. Ie billionaires. All billionaires.

I'm not saying we should kill them. I'm saying we should use the possibility of that being on the table to make them pay their taxes. The entire planet is ruined by billionaires when we could literally everyone have enough to have our basic needs met while having an economy and industry which isn't on track to make the planet uninhabitable for us, seeing as it's the only planet known to support life.

Yes, all life is important. That's why all life should be protected by making sure the planet doesn't become one huge airfryer. If while doing that a few billionaires get guillotined, I'm honestly fine with it. I'd prefer they'd just actually help people instead of being selfish assholes, but if them being selfish assholes is putting everyone else in danger, then the choice is clear, no matter your views on the death penalty. (Which as you say, shouldn't be a thing.)

[–] [email protected] 9 points 3 weeks ago (1 children)

I dunno, reducing them to being not-billionaires and even not-millionaires would actually be a pretty just sentence IMO. I bet being reduced to a regular Joe would hurt some of them more than the death penalty

[–] [email protected] 7 points 3 weeks ago (2 children)

What's to stop them doing it all over again, given some starter money? Usually what makes these assholes so effective is their lack of empathy. That works well in capitalism.

White collar crime needs to start getting hard time in the same prisons that proper criminals go to. That'd be a deterrent, or a motivator to fix the prison systems.

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[–] [email protected] 17 points 3 weeks ago* (last edited 3 weeks ago) (8 children)

Why, though? The usual reasoning for abolishing the death penalty is the argument that we might make a mistake and mistakenly sentence innocent people to death. But what about crimes like this, where the crime is entirely on paper, fully documented, and with no risk that you're prosecuting the wrong person?

Edit: I'm not sure why I'm getting downvoted with no replies. I'm asking an actual question here, if you disagree why not state your opinion?

[–] [email protected] 4 points 3 weeks ago

Well fuck billionaires but papers can and trials can be wrong.

Like who's to say she wasn't a patsy?

I'm not saying she was, but how would you prove beyond any doubt that she wasn't?

Probably this case is an open-and-shut case but my point is valid, I think.

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[–] [email protected] -2 points 3 weeks ago (1 children)

I'm so fucking poor I hate it.

[–] [email protected] 1 points 3 weeks ago (1 children)
[–] [email protected] -1 points 3 weeks ago (1 children)

Eat the rich. They are the enemy.

[–] [email protected] 11 points 3 weeks ago

Oooh can we bring this system to the US?

[–] [email protected] 9 points 3 weeks ago (2 children)

Do they offer this deal to regular, desperate thieves or just billionaires?

[–] [email protected] 1 points 3 weeks ago* (last edited 3 weeks ago)

everyone in government and in business here in vietnam is stealing and scamming. everyone knows it, and it's done openly. you only get "caught" when someone important doesn't like you anymore.

[–] [email protected] 7 points 3 weeks ago* (last edited 3 weeks ago)

Do you mean the deal to avoid the death penalty in favor of life imprisonment, or a reduced sentence for returning the stolen goods?

If it is the former, I kinda doubt that a normal thief is looking at the death penalty. If it is the latter, I wouldn't see a reason that they wouldn't. Even in the capital of cruel and unusual punishments, Saudi Arabia, followed closely by the US, they don't deny a lesser sentence when restitution is an option.

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