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n2doc

(47,953 posts) Mon Apr 13, 2015, 09:46 AM Apr 2015

Ricci heiress convicted of tax fraud

Source: BBC

The heir to the Nina Ricci perfume and fashion house has been convicted of tax fraud by a Paris court after hiding millions in an offshore HSBC account.

Arlette Ricci, 73, was sentenced to a year in prison and ordered to pay a €1 million (£720,000;$1.1m) fine.

The court also confiscated two properties worth four million euros (£2.9m;$4.2m).

HSBC's Swiss private banking arm is being investigated after a leak revealed large scale tax fraud.

Read more: http://www.bbc.com/news/world-europe-32282419

10 replies

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Ricci heiress convicted of tax fraud (Original Post) n2doc Apr 2015 OP

That's one thing I will never understand. trotsky Apr 2015 #1

They hate the thought of "their" money going to "those" people n/t n2doc Apr 2015 #3

You simply do not understand the psyche of the Filthy Rich jmowreader Apr 2015 #10

How ricci is she? onehandle Apr 2015 #2

One down - many more to go. jwirr Apr 2015 #4

Precisely KansDem Apr 2015 #6

Either prosecute the big guys (money launderers) or end the war on drugs. Or better yet both. jwirr Apr 2015 #7

Shows how little I know about high end fashion rpannier Apr 2015 #5

Let the revelations begin...and the imprisonments! nt kelliekat44 Apr 2015 #8

These bastards... Helen Borg Apr 2015 #9

trotsky

(49,533 posts)

1. That's one thing I will never understand.

Reply to n2doc (Original post)

Mon Apr 13, 2015, 09:51 AM

Apr 2015

Why for so many people, it's not enough to be fabulously wealthy. They have to be outrageously wealthy.

n2doc

(47,953 posts)

3. They hate the thought of "their" money going to "those" people n/t

Reply to trotsky (Reply #1)

Mon Apr 13, 2015, 09:52 AM

Apr 2015

jmowreader

(50,566 posts)

10. You simply do not understand the psyche of the Filthy Rich

Reply to trotsky (Reply #1)

Mon Apr 13, 2015, 12:57 PM

Apr 2015

It's not that they want to be fabulously wealthy, or outrageously wealthy.

The truly Filthy Rich have two traits in common.

They never want to pay for ANYTHING. If they must pay for something, they want to pay less for it than the person who has it now did.

And they demand that a certain percentage of the populace live in the worst kind of poverty imaginable.

The sickest part of it all: you don't have to be rich to be Filthy Rich.

onehandle

(51,122 posts)

2. How ricci is she?

Reply to n2doc (Original post)

Mon Apr 13, 2015, 09:52 AM

Apr 2015

And do you have to be ricci to be an 'heiress,' or can you be poori?

jwirr

(39,215 posts)

4. One down - many more to go.

Reply to n2doc (Original post)

Mon Apr 13, 2015, 09:57 AM

Apr 2015

KansDem

(28,498 posts)

6. Precisely

Reply to jwirr (Reply #4)

Mon Apr 13, 2015, 11:21 AM

Apr 2015

And while we're at it, let's go after HSBC and its drug money laundering--

Bank of America, Western Union, and JP Morgan, are among the institutions allegedly involved in the drug trade. Meanwhile, HSBC has admitted its laundering role, and evaded criminal prosecution by paying a fine of almost $2 billion. The lack of imprisonment of any bankers involved is indicative of the hypocritical nature of the drug war; an individual selling a few grams of drugs can face decades in prison, while a group of people that tacitly allow -- and profit from -- the trade of tons, escape incarceration.

Huffington Post: Banks Launder Billions of Illegal Cartel Money While Snubbing Legal Marijuana Businesses

This sums up the gross hypocrisy of our "justice system"--an individual selling a few grams of drugs can face decades in prison, while a group of people that tacitly allow -- and profit from -- the trade of tons, escape incarceration.

jwirr

(39,215 posts)

7. Either prosecute the big guys (money launderers) or end the war on drugs. Or better yet both.

Reply to KansDem (Reply #6)

Mon Apr 13, 2015, 11:29 AM

Apr 2015

rpannier

(24,341 posts)

5. Shows how little I know about high end fashion

Reply to n2doc (Original post)

Mon Apr 13, 2015, 10:14 AM

Apr 2015

I saw Ricci and thought of the actress Christina Ricci -- who was great in Sleepy Hollow and both Addam's Family movies

As to the actual story, one year in prison is too short. I don't care how old she is. She's been profiting off her illegal activities for longer than a year. And the fine is a drop in the bucket.
Until these stingy uber wealthy twits start getting real jail time, they are not going to stop

kelliekat44

(7,759 posts)

8. Let the revelations begin...and the imprisonments! nt

Reply to n2doc (Original post)

Mon Apr 13, 2015, 11:38 AM

Apr 2015

Helen Borg

(3,963 posts)

9. These bastards...

Reply to n2doc (Original post)

Mon Apr 13, 2015, 12:02 PM

Apr 2015

Never enough.

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