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jeffsonstein ("Jeff Sonstein") wrote:
‘“In finance, globally, you have a situation where the only effective police are the Americans,” Paul Murphy told me. “Our regulators—they’re out to lunch. Incompetent, mainly.” He added, “What you’ll find, say, here in London is that you can be a crook, stealing money from people around the world. As long as you’re not stealing from people in Britain, you can do anything.”’
https://www.newyorker.com/magazine/2023/03/06/how-the-biggest-fraud-in-german-history-unravelled