A recent article from financial fraud expert Bill Black, underlines the systemic inequality that has afforded bankers near-perfect immunity from fraud prosecution over the past decade:
The New York Times ran the story on April Fools’ Day of a jury convicting educators of gaming the test numbers and lying about their actions to investigators.
“ATLANTA — In a dramatic conclusion to what has been described as the largest cheating scandal in the nation’s history, a jury here on Wednesday convicted 11 educators for their roles in a standardized test cheating scandal that tarnished a major school district’s reputation and raised broader questions about the role of high-stakes testing in American schools.
On their eighth day of deliberations, the jurors convicted 11 of the 12 defendants of racketeering, a felony that carries up to 20 years in prison. Many of the defendants — a mixture of Atlanta public school teachers, testing coordinators and administrators — were also convicted of other charges, such as making false statements, that could add years to their sentences.”
…Atlanta’s public schools, of course, did not engage in “the largest cheating scandal in the nation’s history.” The big banks’ cheating scandals left the Atlanta educators in the dust.