Ferrari owner/racer Paul Frame off to jail...

Wow!

Paul was the first Big-Time Ferrari collector I'd met.

I remember when he got his F50 (If you have Forza Magazine #1 there is a photo of Paul and his wife looking-on as the car comes off the truck).

 

Double WOW!

 

I have said this many times..many people who have a TON of cash,have screwed sombody somewhere along the line. And it usually catches up to them. This is a good example of that. I have knowen alot of people that have become very wealthy by what seems ligit ways, but undernieth they are doing things that are not on the straight and narrow. Most times they do get caught and end up paying the price. I have lost a few customers this way.

 

I've always said this when looking at any great fortune: "Not all that glitters is gold."

However, isn't 20 years steep for a 750K$ swindle?

 

I would imagine this sentence is tied to the whole Enron-type scandal backlash. WOW, I didn't realize he was broke. Bummer.

On a brighter note, KUDOS to you, Bernie, for the avatar!!

Dave

 

How many years would somebody get for holding up a 7-11 with a toy gun for $200?

$750K is a lot of money. It's about time white collar criminals started doing the same kind of time others are for other crimes. Granted it's non violent but, the effects tend to reach far deeper than just one or two individuals.

A crook's a crook.

 

Another thing to remember in this case when comparing it to convenience store theft is that federal sentencing guidelines are much less flexible when compared to state guidelines. Federal and state judges do not have the same ability to alter a sentence. Still, as said, a crook is a crook.

 

Exactly what I've thought many times. With the sheer number of laws and legalities on the books these days, it would seem that any empire of a sufficient size to establish a large amount of wealth would also be so complex that somewhere, somehow, some law is probably being broken. I also know of a few people who appear quite ligitimate, but I hear the true stories of what goes on behind the scenes that allow these people to accumulate their fortunes. Some of the questionable activities seem to occur early in their careers so that they can get an edge up on their finances. Then when they get their fortune up and rolling, the stop the shady activities and go legit and appear to be pillars of the community from then on. Others continue with their shady activities and just detach themselves far enough from the darker side so they won't get their hands dirty. The let others do the dirty work for them.

 

I hadn't herd of this guy before so I read up a little more. From the Securities and Exchange Commission web site: "Frame liked to race Ferraris and, in 2001, he deceived the company into funding his hobby."

The rest of the juice here: http://www.sec.gov/litigation/admin/34-47997.htm

 

His wife is still with him???
Did he get to keep his bear suit???
Jim, ya must be bored...
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don't know him personally. know who he is/was. given his last name, don't you think it's a bit ironic for him to claim that he was set-up?

 

Govt. has power over the most people when it has enough laws to ensure that EVERYONE is a criminal. That way it can always prosecute whomever it wants.

How many of you are going to say that you are not a criminal? You never break any laws?

If the IRS dug into all of your tax information over the past 7 years, would you pass the audit with flying colors? Not a single questionable deduction or calculation?

You never exceed the speed limit? Ever?

You have never driven while "legally" drunk? (legally being the key word of course)

This guy is not a dangerous criminal. Nobody is going to be physically injured by him. So, do we really need to put him a Federal Prison? Before answering, you do realise that our prisons are so overpopulated currently that violent criminals sentenced under non-mandatory minimum guidelines are being released to make room for newly convicted persons. This guy goes to the big house, there is a very good chance a rapist or burglar will let loose on parole to make room.

Did you know that the US has a larger percentage of its population in prison today than any other nation in history, including the Soviet Union at the height of Stalins gulags? The US Govt. today also has more power and authority over individuals than it ever has before. Coincidence?

This guy is a producer. Sure he may have broken the law and he may not be the best citizen out there, but given that it will cost over $50K a year to keep him in prison, I would rather see him forced to pay a huge fine and let it go at that.

I suspect this has more to do with a prosecutor advancing his career than anything else.

Flame away....



Terry

 

LMAO

 

Perhaps someone should send him a soap on a rope.....

PAUL ARTHUR FRAME 84203-054 58 White M UNKNOWN HOUSTON FDC

 

Terry,
Not meant to be a flame at all, just an observation:

Stalin's regime isn't exactly an even comparison. That's because 9 times out of 10, Josef's boys didn't send ya to the Gulag. You usually got a 9mm thump in the back of the head!

I still think 20 years is a pretty $#!TTY trade-off for $750K.
Dave

 

Those Federal sentencing guidelines are not to be messed with. That Matthew Hale guy, who was convicted of soliciting a hit man to kill a Federal Judge, just got 40 years. Pretty stiff sentence considering no one got hurt. But, as Tony Baretta said - "don't do the crime if you can't do the time....."

I'm sure he has plenty stashed away to pay for a good appellate lawyer.

 

The thing that surprises me the most is how come those kind of crooks very rarely escape and stay in hidding, while they are still in the money. They allways seem to stick for the noose to tighten and then it's too late. -STUPID

 

So how IS Michael Jackson's trial going for him???!!!

 

I think the son is going down on him, if you get my drift...

 

The only reason I wondered if the punishment fit the crime is that I sometimes get the impression that other crimminals get off more lightly for far greater crimes. But indeed, white collar crimes of this nature have deep and far reaching impacts.

Now if you really want to punish these CEO-types, forget about locking them in jail with TV and 3 squares a day. What you do is deprive them of their lifestyles:
- force them to live in a 2 1/2 basement appartment located in a rat and crime infested neighborhood;
- oblige them to take the bus, do their groceries using food stamps and work 12 hours days for minimum wage.
- make them watch Lifestyles of the Rich & Famous daily, while they're eating staight out of their can of Spam.

 

Paul usually paid extra for that stuff.
Remember, a masochist is someone who says"Beat me, beat me!"
A sadist is someone who says "NO!"

 

Sux but IMO he should only get a few months tops based on what Martha got & Martha was doing something worse, she was Insider Trading, albeit for only $90k. 1 yr max is what he should get.

 

I don't think Martha was prosecuted for insider trading. I think she was prosecuted only for lying to federal investigators.

And Michael Jackson is COOKED.