this post was submitted on 23 Nov 2023
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They should use a portion of these funds to setup specific task forces to dig deeper into the company and provide oversight indefinitely. $4.3B is a lot of money, you could fund an agency forever and still have change.
laughs in less than two weeks of pentagon funding
For what it’s worth I agree with you, but the money we spend on many agencies is wild
Haha yes, the Pentagon has probably "lost" more money than the totality of all fines.
It's just an idea I had, rather than directly spending out of a budget it would be a way to be self sustaining. If there is no wrongdoing then by its nature the funding would dry up and be self-cancelling. On the other hand it could generate further revenue if allowed to continue investigating.
The problem is that the auditors will ALWAYS find wrongdoing, even if it doesn’t exist. If their funding (and therefore their jobs) depend on fines on offending organizations, then everyone is getting found to be fraudulent
That's definitely a real problem that would need to be considered. I'm sure it has been in great length. My gut feeling says it's workable though and the problem being more political than technical.
I’m in full agreement. Crypto was touted as this “untraceable currency” and, surprise, it became used for nefarious means. We need more regulation on this stuff, not less, because as much as the “everyday joe” who got into crypto “because his nephew taught him about it” doesn’t want the government spying on him, really it’s massive fund transfers and money laundering for bad actors that it seems to benefit the most.
Especially once you've been found or pleaded guilty. If a person commits a crime of this magnitude and they go to jail, they would have probation upon release. Maybe there should be some kind of corporate probation policy? Not something up for negotiation.
Implying they do this for truth and justice. US just doesn't want anyone to eat their cake.
4.3B doesn’t last as long as you think, especially once you need to staff 100’s of people, the equipment and tech they need to work, office building(s) for them. Especially if you put that office and staff on either coast. They’ll burn that in 3 years tops
Would they need all those resources dedicated to just one company? I feel like they wouldn't have spent anywhere near $4.3B. Considering the investigation was started in 2021 so let's say 2 years or $3B. It seems extremely unlikely and even more than 1 order of magnitude off.