Comments on: Whistleblower Dilemma: Would You Do 3 Years in Prison for $20 Million? http://www.darwinsfinance.com/ubs-tax-whistleblower/ Financial Evolution: Education, Adaptation, Achievement Mon, 06 Feb 2012 15:43:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nasrullah Mardanihttp://www.darwinsfinance.com/ubs-tax-whistleblower/#comment-8223 Nasrullah Mardani Mon, 14 Mar 2011 08:13:09 +0000 http://www.darwinsfinance.com/?p=1651#comment-8223 thanks for the info......... thanks for the info………

]]> By: Jojohttp://www.darwinsfinance.com/ubs-tax-whistleblower/#comment-4098 Jojo Fri, 05 Feb 2010 21:02:36 +0000 http://www.darwinsfinance.com/?p=1651#comment-4098 Hell yes! Figure with time off for good behavior, the time might get reduced to 2 years. I'd do 2 years for 3 million. Wouldn't care about voting or anything because I'd be moving outside the country on release anyway. Hell yes! Figure with time off for good behavior, the time might get reduced to 2 years. I’d do 2 years for 3 million. Wouldn’t care about voting or anything because I’d be moving outside the country on release anyway.

]]> By: Best of January 2010 | Credit Guyhttp://www.darwinsfinance.com/ubs-tax-whistleblower/#comment-4078 Best of January 2010 | Credit Guy Thu, 04 Feb 2010 16:44:05 +0000 http://www.darwinsfinance.com/?p=1651#comment-4078 [...] Whistleblower Dilemma: Would You Do 3 Years in Prison for $20 Million? / DarwinsFinance: It's a very interesting dilemma indeed and I guess it all depends on how happy you are right now with your life. The older you are, the less likely you will want to mail in three years just for money but $20 Million doesn't just set you up for life, it probably sets your family up. [...] [...] Whistleblower Dilemma: Would You Do 3 Years in Prison for $20 Million? / DarwinsFinance: It’s a very interesting dilemma indeed and I guess it all depends on how happy you are right now with your life. The older you are, the less likely you will want to mail in three years just for money but $20 Million doesn’t just set you up for life, it probably sets your family up. [...]

]]> By: Best of January 2010 – The Dough Rollerhttp://www.darwinsfinance.com/ubs-tax-whistleblower/#comment-4073 Best of January 2010 – The Dough Roller Thu, 04 Feb 2010 12:33:31 +0000 http://www.darwinsfinance.com/?p=1651#comment-4073 [...] most nerdy, uneventful life you could strive for was to study mathematics but who's laughing now?Whistleblower Dilemma: Would You Do 3 Years in Prison for $20 Million? / DarwinsFinance: It's a very interesting dilemma indeed and I guess it all depends on how happy [...] [...] most nerdy, uneventful life you could strive for was to study mathematics but who’s laughing now?Whistleblower Dilemma: Would You Do 3 Years in Prison for $20 Million? / DarwinsFinance: It’s a very interesting dilemma indeed and I guess it all depends on how happy [...]

]]> By: Rogerhttp://www.darwinsfinance.com/ubs-tax-whistleblower/#comment-3999 Roger Sun, 31 Jan 2010 21:01:21 +0000 http://www.darwinsfinance.com/?p=1651#comment-3999 For the general question of being willing to trade 40 months in prison for $20 million, I'm with Evan and many of the other commentators: it depends almost entirely on what type of prison. If there's a very real chance that I won't live through the prison term (or that I'll have to join a prison gang just to protect myself), then no thank you. If I'm in a white collar/minimum security prison where the biggest risk is that my roommate spends all his time discussing the details of the convoluted investment scheme that got him put away, then sign me up. It definitely seems like a good trade to me, a half million for each month I'm in jail. In this particular case, it seems like the only Birkenfield did wrong (besides participating in the fraud in the first place) was not come forward soon enough (or not be 'transparent' enough after coming forward). So on top of the money, he also gets to the good guy in the story (from the U.S. government's point of view, at least); a flawed good guy, but still a good guy. Not a bad deal, from where I stand. For the general question of being willing to trade 40 months in prison for $20 million, I’m with Evan and many of the other commentators: it depends almost entirely on what type of prison. If there’s a very real chance that I won’t live through the prison term (or that I’ll have to join a prison gang just to protect myself), then no thank you. If I’m in a white collar/minimum security prison where the biggest risk is that my roommate spends all his time discussing the details of the convoluted investment scheme that got him put away, then sign me up. It definitely seems like a good trade to me, a half million for each month I’m in jail.

In this particular case, it seems like the only Birkenfield did wrong (besides participating in the fraud in the first place) was not come forward soon enough (or not be ‘transparent’ enough after coming forward). So on top of the money, he also gets to the good guy in the story (from the U.S. government’s point of view, at least); a flawed good guy, but still a good guy. Not a bad deal, from where I stand.

]]> By: Weekend reading: Obama versus the bankshttp://www.darwinsfinance.com/ubs-tax-whistleblower/#comment-3873 Weekend reading: Obama versus the banks Sat, 23 Jan 2010 13:29:19 +0000 http://www.darwinsfinance.com/?p=1651#comment-3873 [...] Would you do prison for $20 million? – Darwins Finance [...] [...] Would you do prison for $20 million? – Darwins Finance [...]

]]> By: Monevatorhttp://www.darwinsfinance.com/ubs-tax-whistleblower/#comment-3872 Monevator Sat, 23 Jan 2010 12:20:05 +0000 http://www.darwinsfinance.com/?p=1651#comment-3872 I agree with Evan - if it was an open prison for white collar workers with very low inmate crime and vegetable gardens to rehabilitate us felons, yes I'd probably do three years for $20 million - especially if the deal was put like that (rather than 'maybe $20 million'). Like most people I've done shabby jobs for about that long. You can read books in prison, and write. $20 million buys you an incredible life afterwards. I wouldn't for a million or anything silly like that though, or if it was a prison where I had to decide whether to do or be done! :( I agree with Evan – if it was an open prison for white collar workers with very low inmate crime and vegetable gardens to rehabilitate us felons, yes I’d probably do three years for $20 million – especially if the deal was put like that (rather than ‘maybe $20 million’).

Like most people I’ve done shabby jobs for about that long. You can read books in prison, and write. $20 million buys you an incredible life afterwards.

I wouldn’t for a million or anything silly like that though, or if it was a prison where I had to decide whether to do or be done! :(

]]> By: Financial Samuraihttp://www.darwinsfinance.com/ubs-tax-whistleblower/#comment-3858 Financial Samurai Fri, 22 Jan 2010 04:53:27 +0000 http://www.darwinsfinance.com/?p=1651#comment-3858 I would do 40 months for $100,000,000. $20 million is a raw deal. Although, if I lived in a non violent prison, maybe $50 mil. And probably $20 mil if I could go to the beach and have free wifi and a laptop and have weekends off! I would do 40 months for $100,000,000. $20 million is a raw deal. Although, if I lived in a non violent prison, maybe $50 mil. And probably $20 mil if I could go to the beach and have free wifi and a laptop and have weekends off!

]]> By: Big Spenderhttp://www.darwinsfinance.com/ubs-tax-whistleblower/#comment-3845 Big Spender Thu, 21 Jan 2010 00:43:20 +0000 http://www.darwinsfinance.com/?p=1651#comment-3845 If you do the math it's a simple answer: HECK YEAH. Three years in prison = 26,280 hours. If you get $20 million on the back end that works out to $761 an hour. That's more than your better doctor, attorney or investment banker. Not to mention that your expenses go way down! If you do the math it’s a simple answer: HECK YEAH. Three years in prison = 26,280 hours. If you get $20 million on the back end that works out to $761 an hour. That’s more than your better doctor, attorney or investment banker. Not to mention that your expenses go way down!

]]> By: Katehttp://www.darwinsfinance.com/ubs-tax-whistleblower/#comment-3842 Kate Wed, 20 Jan 2010 18:42:06 +0000 http://www.darwinsfinance.com/?p=1651#comment-3842 I think he could have avoided jail time if he had been honest up front. That said, I really don't think I would go to jail for 20 mil, maybe 30 mil if it was a white collar jail like Evan suggested. Nah, my own integrity is too important to sell for money. I wouldn't do it. I think he could have avoided jail time if he had been honest up front. That said, I really don’t think I would go to jail for 20 mil, maybe 30 mil if it was a white collar jail like Evan suggested. Nah, my own integrity is too important to sell for money. I wouldn’t do it.

]]>