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 1 week 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.

[–] Cornelius_Wangenheim 19 points 1 week ago (1 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.

[–] [email protected] 8 points 1 week ago (3 children)

Can I ask what's the cutoff? How much money/how high of a position qualifies you for the electric chair?

[–] [email protected] 7 points 1 week ago (1 children)

Higher than you’ll ever have to worry about.

[–] [email protected] 12 points 1 week ago (1 children)

I'm not worried lol I'm poor. I'd like a number cause if you're for death penalty, you should've thought long and hard through all the details.

Cause you know. It's about killing people.

[–] [email protected] 7 points 1 week ago

0.01-0.1 % net wealth to the nations GDP seems a good cutoff imo. For the US that would be 2.9-29 billion. For Vietnam that would be 47 million - 470 million.

[–] [email protected] 5 points 1 week ago

About tree-fiddy

[–] mrslt 1 points 1 week ago

I'd say if you can comfortably afford to live your life without ever once checking a bank balance.