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Salad oil scandal — Wikipedia (en.wikipedia.org)
submitted 7 months ago by to c/wikipedia@lemmy.world
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The salad oil scandal, also referred to as the soybean scandal, was an American major corporate scandal in 1963 that caused over $180 million ($1.89billion today) in losses to corporations including American Express, Bank of America and Bank Leumi, as well as many international trading companies.

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[–] 8 points 7 months ago (3 children)

De Angelis was convicted of fraud and conspiracy charges in connection with the scandal and served seven years in prison, gaining his release in 1972

Seven years seems light in comparison to other crimes. Unclear if he got to keep his wealth, too.

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  • [–] [S] 15 points 7 months ago (2 children)

    White Collar Crime -> Couple years in country club federal camp

    Poor People Crime -> 20 to life in a zoo cage

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  • [–] 10 points 7 months ago (1 child)

    A lawyer once said something to the effect of, "If the legislators can envision themselves or their family doing it, it gets a light sentence. If they can't, it gets a harsh sentence."

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