Post a New Topic
Original post made
on Sep 25, 2012
How about some mug shots of the criminals?
Really sad how people who are doing well can't be happy with that and feel they have to have it all.
This group has been ripping people off for years. Predatory lending practices, foreclosing on hard working builders, screwing everybody they could while maintaining the guise of being "good business men", the public humiliation should have been better publicized.
Who are these "prominent people" who wanted a lenient sentence for this jerk?
Not sad - can you tell us more about their predatory lending practices?
What a relief he only got 18 months. Good thing he didn't rob $10 worth of stuff from the 7/11.
18 months seems a ridiculously short sentence for this crime particularly as 20 years was possible. Of course he helped, he is basically getting no more than a tiny slap on the wrist and perhaps will not even serve 18 months.
I wonder how many of the 79 prominent people who are so forgiving, he and his friends stole money from, and what does the term "prominent" mean? I wonder what the opinion is of the people who were stolen from is on a suitable sentence.
18 months for the theft/loss of $7M to $20M; not exactly a huge deterrent.
Another Shell Game, Ponzi Scheme or Investor Fraud. I wonder if the victims were prominent people, like the victims of Bernie Maddoff who made-off with their money? Some of his victims were "prominent" members of his own Jewish Communityi
If people would only do a bit of homework, or be skeptical, then people like these folks could not have been successful at ripping investors off.
IF IT SEEMS TOO GOOD TO BE TRUE,....IT IS!
It's called Greed! And this is just the beginning. It's sad that it's never enough the one's who are well off are trying to harbor more. The other sad thing is that after getting all that you can, it still will leave you where you started. cause then you die and you can't take a thing with you....Just something to think about.
I wonder why these writers feel qualified to make such incriminating judgments? It is obvious that they don't know all the facts any more than I do. I suspect they enjoy seeing their name in print. Be careful how you judge another.
From what I understand these investors who invested in real estate projects in "late 2008" and were receiving a 10% annual return. If you invested in California real estate (as I have myself) in 2008 you're lucky if you held onto 2/3 of the ivestment let along a 10% return - we all lost money in real estate in 2008. IF you invest esp at a 10% you gotta recognize there's some risk otherwise 99.9% of the worlds money would be there where 10% is gauranteed. Doesn't sound like these guys stole anything. This company colapsed and exposed some errors just as thousands of other companys did in 2008 that did not recieve a govt bailout. This again was in real estate - hardest hit segments in the hardest hit area - nearly all of us lost money at this time both in real esate and investment - its a sad story but investors gotta take some responsibility that it was prob a bad investment in a bad segment at one of the worst times economically
Again it seems white collar crime pays, 18 months for that much money and peoples lives destroyed is a joke. As others have already said, if you robbed the local 7-11 of a few hundred dollars you would probably do more time.
I am sure the prominant people were those that have been reaping the benefits of these thieves for years. Investors who received great returns on the broken backs of the people who this group ripped off. From their perspective these were great guys. Of course there were those in Germany in the 40"s who thought the same thing from those that enpowered them to make a lot of money. Who cares how it was procured.
I don't associate fraud with any threat of violence, which is the difference between this and robbery.
Anyone who defrauds a senior should be locked up.
So what was Edward Locker's sentence?
Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.
Post a comment
Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online.
Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information
We prefer that you use your real name, but you may use any "member" name you wish.
Select your neighborhood or school community: * Not sure?
- Barron Park
- Charleston Gardens
- Charleston Meadows
- College Terrace
- Community Center
- Crescent Park
- Downtown North
- Duveneck/St. Francis
- Embarcadero Oaks/Leland
- Esther Clark Park
- Evergreen Park
- Greater Miranda
- Green Acres
- Greendell/Walnut Grove
- Leland Manor/Garland Drive
- Meadow Park
- Monroe Park
- Old Palo Alto
- Palo Alto Hills
- Palo Alto Orchards
- Palo Verde
- South of Midtown
- St. Claire Gardens
- The Greenhouse
- Triple El
- University South
- Woodland Ave. area (East Palo Alto)
- Addison School
- Barron Park School
- Duveneck School
- Egan Middle School (Los Altos)
- El Carmelo School
- Escondido School
- Fairmeadow School
- Gunn High School
- Hoover School
- JLS Middle School
- Jordan Middle School
- Juana Briones School
- Nixon School
- Ohlone School
- Palo Alto High School
- Palo Verde School
- Santa Rita (Los Altos)
- Terman Middle School
- Walter Hays School
- another community
- Another Palo Alto neighborhood
- East Palo Alto
- Los Altos
- Los Altos Hills
- Menlo Park
- Mountain View
- Portola Valley
Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.
Sneak peek: Bradley's Fine Diner in Menlo Park
By Elena Kadvany | 4 comments | 3,312 views
By Chandrama Anderson | 0 comments | 1,631 views
Politics: Empty appeals to "innovation"
By Douglas Moran | 13 comments | 1,598 views
By Cheryl Bac | 0 comments | 1,524 views
It's Dog-O-Ween this Saturday!
By Cathy Kirkman | 2 comments | 811 views
Home & Real Estate
Shop Palo Alto
Send News Tips
Circulation & Delivery
Mountain View Voice
© 2014 Palo Alto Online
All rights reserved.