BNP Paribas pays heavily

A Billion Dollars

They say crime doesn’t pay.

Bloomberg News reports that busting bad guys has been lucrative for federal prosecutors in Manhattan, who collected almost $12bn in fines and civil penalties in 2014 and 2015, with almost a third coming from BNP Paribas for violating U.S. economic sanctions.

The total includes more than $8.6bn in civil and criminal forfeiture cases, the most that Manhattan U.S. Attorney Preet Bharara or any federal prosecutor’s office has ever collected in a two-year period, Bharara said Thursday.

The funds include more than $3bn in civil actions and more than $1.3bn in restitution, criminal fines and special assessments, according to Bharara.

To access the complete Bloomberg News article hit the link below:

New York Prosecutor Sets Record With $8.6 Billion in Forfeitures

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