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this post was submitted on 18 Oct 2024
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It's amazing how little people need to be bribed to ignore serious offenses. Recently, TD bank got hit with a massive $3 billion fine for money laundering. They admitted to aiding in laundering $670 million from likely criminal sources. What's more is that bank staff were paid a total of $57,000 in gift cards to not report the large undisclosed payments and transfers. Fraud likely in the billions being ignored by bribes in the ten thousands.
Not to defend TD in any way, but those staff members know that reporting the crime will get them at best nothing and at worst fired. Taking the bribe gets them 28500 Tim Hortons coffees.