Gary White, who oversaw the county’s environmental services department, was sentenced today in Tuscaloosa by U.S. District Judge Scott Coogler on a 2008 conviction for taking cash in exchange for awarding $11 million in no-bid sewer contracts...
A federal jury in January 2008 convicted White of taking cash in white envelopes from Sohan Singh, the president of U.S. Infrastructure Inc., according to the U.S. attorney.
Singh’s bribes were pocket change.
JPM paid $722 million to get the SEC off their back in this case.
Just a simple “cost of doing business”. Nobody went to prison.
Just like Jon Corzine. Made a billion-and-a-half dollars of other people’s money disappear, and he’s out walking around, a free man.