{"id":13,"date":"2013-10-05T14:51:58","date_gmt":"2013-10-05T21:51:58","guid":{"rendered":"https:\/\/blogs.ubc.ca\/yankaing\/?p=13"},"modified":"2013-10-05T14:51:58","modified_gmt":"2013-10-05T21:51:58","slug":"investment-manager-gets-two-year-prison-term-for-fraud","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/yankaing\/2013\/10\/05\/investment-manager-gets-two-year-prison-term-for-fraud\/","title":{"rendered":"Investment manager gets two-year prison term for fraud"},"content":{"rendered":"

\"\"This article is about investment manager Terrence Bedford who was found guilty of running a fraudulent trading scheme that cost investors $5-million. Terrence Bedford ran Hamilton-based Greyhawk Equity Partners LP and as we learned in class, succumbed to corruption due to the fact that he could easily bend the rules to his favor.<\/p>\n

Mr Bedford faces to a 2 year jail sentence for his crimes as the court feels the need \u201cto send a strong message of deterrence to those who try to exploit investors.\u201d My question is that will a 2 year jail sentence really differ men in power from corruption? Oddly enough in the case of Josh Pillault, a 19year old teenager, who was jailed for making sarcastic threats on an online game. Josh Pillault was sentenced up to 8 years in jail and has currently spent a total of 9 months behind bars.<\/p>\n

I simply cannot understand how a sarcastic remark was deemed a more\u00a0severe crime than financial fraud. When comparing the 2 cases, hypothetically speaking, I would still be inclined to commit financial fraud seeing as the rewards greatly outweigh the risks. I believe that financial fraud should have a much heavier punishment if we really want to curb corruption.<\/p>\n

http:\/\/www.theglobeandmail.com\/report-on-business\/investment-manager-gets-two-year-prison-term-for-fraud\/article14400214\/<\/p>\n

http:\/\/dailycaller.com\/2013\/07\/02\/second-teen-spends-months-in-jail-for-video-game-threat\/<\/p>\n","protected":false},"excerpt":{"rendered":"

This article is about investment manager Terrence Bedford who was found guilty of running a fraudulent trading scheme that cost investors $5-million. Terrence Bedford ran Hamilton-based Greyhawk Equity Partners LP and as we learned in class, succumbed to corruption due … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":20132,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/yankaing\/wp-json\/wp\/v2\/posts\/13","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/yankaing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/yankaing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/yankaing\/wp-json\/wp\/v2\/users\/20132"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/yankaing\/wp-json\/wp\/v2\/comments?post=13"}],"version-history":[{"count":1,"href":"https:\/\/blogs.ubc.ca\/yankaing\/wp-json\/wp\/v2\/posts\/13\/revisions"}],"predecessor-version":[{"id":14,"href":"https:\/\/blogs.ubc.ca\/yankaing\/wp-json\/wp\/v2\/posts\/13\/revisions\/14"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/yankaing\/wp-json\/wp\/v2\/media?parent=13"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/yankaing\/wp-json\/wp\/v2\/categories?post=13"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/yankaing\/wp-json\/wp\/v2\/tags?post=13"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}