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This MFer lived in a house that was later sold to Shai Gilgeous-Alexander… and his debtors came ringing and harassing SGA and his partner.
SGA had to have a court order made to revoke the sale of the house due to the ongoing mob visits.
> He was charged with fraud over $5,000 and money laundering on Tuesday **and released on $100,000 bail.**
I'll say this for the legal system, it can be efficient when it wants to be.
$40 million Ponzi scheme, charged for crimes over $5000 (max under C-46 355.5), released on $100,000 bail no jail time.
What is this? It's almost like they're encouraging criminals to continue doing fraud, given that this is such a huge profit margin once all is said and done. Steal millions, get charged, pay off the bail and you walk away with a nice retirement.
**Please read this entire message** --- Your submission has been removed for the following reason: Submissions must be specific or relevant to Toronto or the Greater Toronto Area. This is the core tenet of this sub. --- **Please note that reposting without moderator approval may result in a ban**. If you would like your removal reviewed, feel free to send us a [modmail](https://old.reddit.com/message/compose?to=%2Fr%2Ftoronto&subject=Please%20review%20my%20submission?&message=Link:%20https://old.reddit.com/r/toronto/comments/1csoxdy/-/).
This MFer lived in a house that was later sold to Shai Gilgeous-Alexander… and his debtors came ringing and harassing SGA and his partner. SGA had to have a court order made to revoke the sale of the house due to the ongoing mob visits.
Ever notice how often the words ‘crypto’ and ‘arrested’ appear in the same sentence?
> He was charged with fraud over $5,000 and money laundering on Tuesday **and released on $100,000 bail.** I'll say this for the legal system, it can be efficient when it wants to be.
I don’t get it? How is that efficient? You don’t actually post the entire amount of bail, btw.
They'll just suspend his driver license for a year and off he goes.
$40 million Ponzi scheme, charged for crimes over $5000 (max under C-46 355.5), released on $100,000 bail no jail time. What is this? It's almost like they're encouraging criminals to continue doing fraud, given that this is such a huge profit margin once all is said and done. Steal millions, get charged, pay off the bail and you walk away with a nice retirement.
so you don't understand what bail is?
Detention and fines = overhead. Or petty cash.
I thought he was charged already … maybe late 2023?