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] 97 points 3 weeks ago (8 children)

Two things America loves: billionaires and the death sentence. It has just never thought to combine them in this way.

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[–] [email protected] 23 points 3 weeks ago

This is the right way to deal with these ghouls.

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

Infinity Pool comes to mind.

[–] [email protected] 7 points 3 weeks ago (3 children)
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[–] [email protected] 19 points 3 weeks ago (5 children)

She's a real estate profiteering billionaire who conned regular people out of their savings. I say let her pay 100% back and then fetch the guillotine.

[–] [email protected] 21 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

So make it a one time only thing then? Next billionaire you have in the dock will know you can’t be trusted to keep your word (“return the money and your life will be spared“) and so will have zero reason to cooperate.

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

I like this direction. Let’s do the rest of the billionaires.

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[–] [email protected] 196 points 3 weeks ago (6 children)

All we gotta do is sentence a handful of billionaires to death and watch the behaviour change when they realize they're not insulated from consequence anymore.

[–] [email protected] 25 points 3 weeks ago (6 children)

Imagine all the outrage from red state conservatives if we attempted this.

[–] [email protected] 35 points 3 weeks ago

Or from blue state liberals because "we're better than them" or some shit.

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[–] [email protected] 42 points 3 weeks ago (1 children)

Yeah but what they are going to do is make sure they get those protections back. They aren't going to get better.

[–] [email protected] 34 points 3 weeks ago (1 children)

Then sentence more of them as necessary. Im all for sweeping changes but we're not getting them. Convincing America to kill someone seems way more likely to me.

[–] [email protected] 24 points 3 weeks ago (1 children)

You didn't hear it from me, but I heard that billionaire skipped the fare on the subway...

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[–] [email protected] 18 points 3 weeks ago

Cries in American

[–] [email protected] 41 points 3 weeks ago (2 children)

returning $9 billion (three-quarters of the stolen funds)

You can keep the 3 billion and live?

reducing her sentence to life imprisonment.

but it has to be in jail?

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

You can keep the 3 billion and live?

No, as another comment pointed out, that isn't legal. The assets she has from her embezzled money aren't liquid; she doesn't have $12 billion literally sitting in a bank account. These have to be sold off for đồng, and especially if she's forced to quickly sell them off in exchange for her life (somehow another reason why the death penalty is stupid), she'll likely retrieve substantially less than she could otherwise by being able to wait for better opportunities to sell.

[–] [email protected] 21 points 3 weeks ago

đồng

Teehee

[–] [email protected] 20 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

She still deserves to be in jail. $12 billion is no small amount, and if she can pay back that $9 billion, or even if she can pay back the entire amount, she still had committed a serious crime and deserves to go to jail.

And don’t even think about her keeping that $3 billion. That’s illegal money that she still needs to pay back.

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

ok, so why not just have that be the condition for the removal of the death penalty?

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

Perhaps it's a realization that under the circumstances of a forced sale, she couldn't possibly repay the total. In which case, with death inevitable, could she leave it to a loved one instead? Probably it could be seized but there'd be a legal tangle which repayment would avoid? Just speculation.

[–] [email protected] 47 points 3 weeks ago

Nice to see some good news for once

[–] [email protected] 59 points 3 weeks ago (2 children)

Can we do this in Canada?? I know of a few deserving candidates

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

We’d have to have China execute them…

[–] [email protected] 0 points 3 weeks ago

Russia could make them some tea. ☢️

[–] [email protected] 33 points 3 weeks ago (1 children)
[–] [email protected] -1 points 3 weeks ago (2 children)

Because the death penalty is obviously only applied to those most deserving it and not to those with the smallest defence budget and the least public support

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

Work on your reading comprehension.

[–] [email protected] 13 points 3 weeks ago (1 children)

I think they meant that the US has a lot of billionaires deserving of the guillotine

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