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Former Mayor Of Second Largest Greek City Sentenced To Life For Embezzling €17 Million

Tyler Durden's picture


Now here is a headline one will never find in the US: "Former mayor, local officials sentenced to life for embezzlement."

This headline comes from Greece, which due to the country's insolvency, is finally back to the anachronistic practice of holding elected officials in positions of power accountable for their actions because the people are understandably angry and seek justice. Other "developed" countries have the luxury of distracting the public with such trivial sideshows as the Criss Angel school of levitating wealth effects and other illusions which have managed to delay the day of comparable reckoning for now. Hopefully Bernanke can continue his wholesale assault against savers for years and years, or else one may just get the US mainstream media reporting of such atrocities against the status quo in the US.

From AP:

A court in the northern Greek city of Thessaloniki has convicted three of the city's former top officials, including a former mayor, and sentenced them to life imprisonment for embezzling more than €17 million from the municipality.


Former mayor Vassilis Papageorgopoulos, who was also previously a junior government minister, insisted he had not been involved in any embezzlement. The municipality's former general secretary, Mihalis Lemousias, and former treasurer Panagiotis Saxonis were also given life sentences.


All three are to be jailed later Wednesday.


Two former financial directors were sentenced to 10 and 15 years each, and were released pending their appeal.

And the man with the lots of letters in his name himself who wishes he was in Zihuatanejo:


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Wed, 02/27/2013 - 13:56 | 3282357 Meatballs
Meatballs's picture

Hang the fuckers.

Wed, 02/27/2013 - 13:56 | 3282363 TheFourthStooge-ing
TheFourthStooge-ing's picture

In the US, it would result in a $1000 fine and no admission of wrongdoing.

Wed, 02/27/2013 - 14:02 | 3282385 SnobGobbler
SnobGobbler's picture

or they would look the other way as is currently happening in most cities.

Wed, 02/27/2013 - 14:09 | 3282414 macholatte
macholatte's picture






I don't get it.  It's all Greek to me.

Wed, 02/27/2013 - 14:10 | 3282425 ACP
ACP's picture

In the US, he'd get sentenced to a third term in office.

Wed, 02/27/2013 - 14:16 | 3282442 krispkritter
krispkritter's picture

Is that Atlantic Shitty job taken? He'd be perfect!

Wed, 02/27/2013 - 14:18 | 3282455 smlbizman
smlbizman's picture

shouldnt they just send them to armandhammermendagja in iran....he seems to know how handle these situations

Wed, 02/27/2013 - 14:19 | 3282461 Xibalba
Xibalba's picture

Where's Corzine??

Wed, 02/27/2013 - 14:49 | 3282575 bank guy in Brussels
bank guy in Brussels's picture

Union leadership ... Corzine style :

« The head of Mexico's powerful teachers' union has been arrested ... Elba Esther Gordillo, who has led the 1.5 million-member National Union of Education Worker for 23 years, was detained in Toluca on Tuesday on charges that she embezzled about $160 million from union funds ... »

Wed, 02/27/2013 - 15:30 | 3282788 MagicHandPuppet
MagicHandPuppet's picture

In the US, politicians only get severe prison sentences if they talk smack about a bank.

Wed, 02/27/2013 - 15:42 | 3282859 Bunga Bunga
Bunga Bunga's picture

Give them asylum in US and citizenship, they are very qualified.

Wed, 02/27/2013 - 16:39 | 3283105 DeadFred
DeadFred's picture

Someone forgot  that even the pols need to make campaign contributions

Wed, 02/27/2013 - 14:18 | 3282449 espirit
espirit's picture

Seriously, I would have thought "sentenced to life in exile" might be closer to the truth.

Wed, 02/27/2013 - 14:06 | 3282408 WillyGroper
WillyGroper's picture

I thot they got a hefty bonus for that kind of behavior in the US. 

Wed, 02/27/2013 - 14:32 | 3282501 sodbuster
sodbuster's picture

>In the US, it would result in a $1000 fine and no admission of wrongdoing.<

And then Goldman Sucks would hire them and give them a bonus.


Wed, 02/27/2013 - 19:31 | 3283705 Muddy1
Muddy1's picture

And a contract like turbo tax cheat Timmy's to write a tell all book, and sell the movie rights.

Get a rope, it'll save the Greek taxpayers a lot of money.

Wed, 02/27/2013 - 13:59 | 3282370 LawsofPhysics
LawsofPhysics's picture

Exactly, there is no tax monies to support him in prison anyway.  Show the world some real consequences and only then will these fuckers change their bad behavior (if only for a little while).

Wed, 02/27/2013 - 14:00 | 3282378 vmromk
vmromk's picture

He only stole $17 million.

Bernanke is rolling over laughing at such an amateur.

Wed, 02/27/2013 - 14:47 | 3282568 Bandit und Buster
Bandit und Buster's picture


Wed, 02/27/2013 - 15:00 | 3282639 ElvisDog
ElvisDog's picture

What a dumb-ass. Either you embezzle 17 million or you stay in the country. You do not do both.

Wed, 02/27/2013 - 14:10 | 3282360 Edward Fiatski
Edward Fiatski's picture


Go -Ice-land or BUST!! 

Olala, pardon me, I forgot it's a beautiful-beautiful Spring in the Mediterranean -- oh well, back to getting a tan for the 99% of the population.

A tan and a nice round of anal for everyone.

Wed, 02/27/2013 - 13:58 | 3282366 ParkAveFlasher
ParkAveFlasher's picture

Opa!  No really, my first +100 green arrow comment, on the Dimon thread this morning!

Today, I am King!  Cheetos and handjobs, for all my men! 

Wed, 02/27/2013 - 13:59 | 3282368 maskone909
maskone909's picture

Mind-Freak economy!

Wed, 02/27/2013 - 13:59 | 3282371 Dre4dwolf
Dre4dwolf's picture

Wont do a damned thing unless they arrest and jail the bankers who gave him 17 million.

If you dont arrest the bankers, they will just keep buying your politicians. 



Wed, 02/27/2013 - 13:59 | 3282372 taraxias
taraxias's picture

It's the corrupt Greek government's way of throwing a bone to the masses before the next wave of new cuts get announced in June.

Move along, nothing to see here.

Wed, 02/27/2013 - 13:59 | 3282373 suckerfishzilla
suckerfishzilla's picture

You won't see that type of justice in the US because our bankers are working on putting their heads in one of those FEMA camp guillotines. 

Wed, 02/27/2013 - 14:00 | 3282379 q99x2
q99x2's picture

They should go after anyone Goldman to get the truth flowing.

Wed, 02/27/2013 - 14:01 | 3282380 yogibear
yogibear's picture

Europe needs to learn from the US. We have the best criminal minds in the world. Hank Paulson and Corzine make these people look like punks.

Wed, 02/27/2013 - 14:02 | 3282386 Inthemix96
Inthemix96's picture

Never mind life.

Peel, or boil this fucker alive from cold.

You dont authorities, I can give you a cast iron guarantee, we will.  We are fucking sick to the back teeth of the shit these grifting fucking parasites are getting away with.

Either you stop it.  Or we will, and if we, meaning people like me do it, you go with them.

You fucking "Looking the other way while crime is being commited boys, we get a bonus in our pay check", you lot go with them.


Wed, 02/27/2013 - 14:09 | 3282420 WillyGroper
WillyGroper's picture

With ur slingshot? 

+10 for enthusiasm.

Wed, 02/27/2013 - 14:17 | 3282448 Inthemix96
Inthemix96's picture

Trust me mate,

Unless I meet you in America where I can get my hands on a gun, if you meet me here in Englishtan at 50 feet or less, you are dead.

All in good jest of course, keep up the good work friend.  I have no fucking doubt the good will prevail.

We always do.

This place ZH gives me heart.  There are many good minded, thoroughly nice chaps and women on here it makes me smile knowing that when the game comes down, there really are some genuine folk out there in the wilderness.

We will be alright in the end.  We will see to this, its only a flesh wound.....

Wed, 02/27/2013 - 14:32 | 3282507 TheFourthStooge-ing
TheFourthStooge-ing's picture

Inthemix96 said:

Trust me mate,

I have no doubt whatsoever about your determination, not to mention your proficiency with a catapult (slingshot).

What many people forget is that all it takes to obtain a firearm, even in Royal Windsorstan, is to incapacitate someone who is already carrying one.

Slingshots, arrows, and other far less conventional items are capable of this.

We will be alright in the end.  We will see to this, its only a flesh wound.....

Agreed. And you're certainly not alone over there. For some reason the page below reminds me of your "screw the bastards" attitude. Some blighter took the original page down, but this archive still exists:

Wed, 02/27/2013 - 14:46 | 3282565 Inthemix96
Inthemix96's picture


It will be a glorious day when we all meet up and declare victory over these bastards who are either peodophiles, thieves, and liars.

We WILL be victorious my friend.  And it will give me more than a smile when one of her majestys finest comes at me while I put a quarter nay half inch ball bearing through his head, silently, or his heart.  We are indefatiguable friend.  We are legion.  We hold the hard card.

And on top of the lot stooge, they should have left my kids alone.  They didnt.  And as long as I have a hole in my arse, I will make it my personal endeavour to make sure they will.  Not every one is a shy away keyboard warrior.  The world is about to find out gloriously who isnt.  Godspeed mate.  Take care.

Wed, 02/27/2013 - 18:18 | 3283435 moriarty
moriarty's picture

Hey tha's my home town here on ZH

Wed, 02/27/2013 - 15:06 | 3282666 WillyGroper
WillyGroper's picture

Perhaps you could impart those skills to me. I do like the idea of ball bearings for ammo. Went to a gun show last month & didn't want to buy until I had shot it. Nice little Ruger. Can't buy it now as they're nowhere to be had. At least in the heart of Redneckistan. 

Wed, 02/27/2013 - 15:19 | 3282727 Inthemix96
Inthemix96's picture


Try and source a barnett "Diablo" catapult, absolutley the best bet for a "slingshot".  The "Black Widow" what they make is alright but not up to the right out power of a diablo.

I can myself hit a coke can, with up to a half inch ball bearing at at least 50 yards.  And trust me on this, these things make no noise, none at all.  To top it off, its great fun "getting your eye in" using them.  Watch out for riquoche mind, quarter inch is big enough, half inch will kill you.

And try power bands on them, that takes the silent shot nearly 70 yards, in straight line.  Its all us Englishers like me use.  For rats of course.....

:-)........         Take care mate.

Wed, 02/27/2013 - 16:39 | 3283106 Angus McHugepenis
Angus McHugepenis's picture

Inthemix96: Something you may be interested in. Convert your catapult into a dual use slingshot / slingbow that also fires arrows quite accurately and silently:

Here in Canuckistan I used to have all the firearm & hunting licenses back in the 80's but let them lapse due to not using them. I never did like the idea of "registering" guns or "begging" the .gov for a license to hunt (or to cathch a fucking fish for Khrist Sake). These days I just buy various Co2 & pump pellet guns that don't require any license. My latest purchase was a pretty good quality replica Colt Python 357 Co2 with nice holster and 4 - 10 round mags included for a mere $80. Pellet guns ain't the real thing but they still hurt like fuck and can ruin your day if you get shot with one.

Cheers from the colonies mate!

Wed, 02/27/2013 - 17:12 | 3283233 Inthemix96
Inthemix96's picture

Cheers angus.

Wilco mate, thanks.

He who laughs last, laughs loudest, and all that jazz.

Keep on keeping on mate.  I will be alright mate, I know I will, they wont, Cunts.

Take care, I say it a lot but I mean it. :-)

Wed, 02/27/2013 - 14:21 | 3282464 Rogue Trooper
Rogue Trooper's picture

Brother, enough of us are feeling exactly the same. This global circle jerk is gonna get fuckin ugly.... 

Inthemex96 you bring a pair of real cheap Chicom pliers (Globalisation Irony) I fancy using a good old Oxy-Acetylene touch... real slow. Get Medieval on their arses.

3% is all it will take...



Wed, 02/27/2013 - 14:30 | 3282493 Inthemix96
Inthemix96's picture

Rogue Trooper,

I am right at your side mate.

I personally have had enough.  I have two children, 16 and 12.  I may have been an ignorant cunt, a bit slow, a bit fucking naive, but the buck stops with me, they should leave me and my kids alone.

They didnt, and if it has anything to with me, they will.

Its going to take people like you and me to bring this game to its final and inevitable conclusion.

And you know what?  I fucking cannot wait friend.  They started it, us fucking citizens will finish it.  Game on mate.  Lets give these fuckers war

Wed, 02/27/2013 - 14:50 | 3282562 Rogue Trooper
Rogue Trooper's picture

True mate, many here will have a similar story.

Could be wrong but if you are in the UK... you can still get a bolt action (get a 308), a shot gun or even a .22 rimfire.  All good in the right hands. Will be a nightmare with the rules and red tape but it can be done.... then you practice.

Went the SHFT you will be able to pick up some better toys at her Majesties local army base... An L85A2 is not exactly an M1A but hey you cannot be too fussy LOL!

ZH rocks and we come from all over the world.  I better put some Iron Maiden on in the car later.  Weekend Warrior seems appropriate ;)

Hmmm, thinking about this further.... "Out in the Fields" would be a better tune? ;)

Wed, 02/27/2013 - 14:53 | 3282597 Inthemix96
Inthemix96's picture

We are inherantley inventive over here rouge.

I have a not rigged up mains tazer running 240 volts with a 50 foot cord.  Guns in my opinion (its the way we are here as we cant get them) are to personal.  If I want to hurt you, if you hurt me, I want the pain to linger mate.

Us limeys are not soft mate, far from it.  I would have bernank screaming for his mother in 5 minutes.

I only have to do this to mark carney or merv the swerve now.

Or people like me will....                   Take care mate.

Wed, 02/27/2013 - 19:22 | 3283672 medium giraffe
medium giraffe's picture

And there I was thinking everyone here in the UK was sound asleep.  You Gents give me hope.  Not long before the UK ignites now, getting all of my preparations in order:

Whiskey - Check.

2 by 4 - Check.

Rope - Check.

Mass protests in Bulgaria, France, Spain, Greece, Canada.  It's coming.....


Wed, 02/27/2013 - 14:02 | 3282387 Winston Churchill
Winston Churchill's picture

Having spent just a couple of days once in a Greek jail,I can assure

you that the conditions were terrible.That was back when they had

money for food and facilities.I can barely concieve of what they must be like now.

The life sentence will be short and painfull.Justly deserved to boot.

Wed, 02/27/2013 - 14:06 | 3282404 Edward Fiatski
Edward Fiatski's picture

Do tell. :)

Wed, 02/27/2013 - 14:14 | 3282435 Winston Churchill
Winston Churchill's picture

Charged with smuggling.

I was, but not the items in the charge.

Hole in the floor bathroom,moldy food,once a day,and your back needed

to be against the wall at all times.Not called Greek style for nothing.

Was aquitted.

Wed, 02/27/2013 - 15:38 | 3282837 MagicHandPuppet
MagicHandPuppet's picture

The thought of that made my sphincter hurt. Yikes!

Wed, 02/27/2013 - 14:05 | 3282400 Reptil
Reptil's picture

This is a sign that the situation is getting precarious in Greece. Otherwise they'd never shove "one of their own" under the bus.

Wed, 02/27/2013 - 15:12 | 3282698 dogbreath
dogbreath's picture

I was thinking along the same lines that he forgot to pay someone.  now he'll pay to stay out

Wed, 02/27/2013 - 14:06 | 3282406 Oldwood
Oldwood's picture

Hey, give the guy a break! Its just part of his employment package with retirement and severance rolled in. Nothing a good American public servant would do for himself through collective bargaining, right?

Wed, 02/27/2013 - 14:10 | 3282424 lemarche
lemarche's picture


Wed, 02/27/2013 - 14:10 | 3282426 DaveyJones
DaveyJones's picture

just broken plates compared to american crimes

Wed, 02/27/2013 - 14:14 | 3282437 SillySalesmanQu...
SillySalesmanQuestion's picture

Memo to banksters and politicians: This too, could be you....

Nah, we won't let them off that easy.

P.S. Fuck You Jamie Dimon!

Wed, 02/27/2013 - 14:28 | 3282486 Rogue Trooper
Rogue Trooper's picture

P.S.S  That useful idiot Krugman is MINE.  Nice and slow....

Wed, 02/27/2013 - 14:15 | 3282439 ejhickey
ejhickey's picture

i have to take issue with the article's conclusion that government officials are NOT punished in the US  for financial crimes such as embezzlement.   note the following"

"ROCKFORD, Ill. — A former city bookkeeper was sentenced to nearly 20 years in prison Thursday for embezzling more than $53 million from her Illinois community, in what ranks as one of the worst abuses of public trust in the state's corruption-rich history."

this is the first of several trials and sentences she faces.  next she will be prosecuted by the Feds.   true it is not a life sentence but given the fact that she is in her late 50's  it looks like she will be spending much of her golden years in some type of prison.

ten there is the case of Jesse jacson jr who has pleaded guilty to theft of campaign funds and will be spending 4-5 yrs in jail.

Wed, 02/27/2013 - 14:15 | 3282441 Wequetonsing324
Wequetonsing324's picture

Here in Illinois, we carefully watch our political class, except when we don't


Rita Crundwell Sentencing: Nearly 20 Years For Ex-Comptroller Who Stole $53 Million From Town  (Dixon,IL)


Wed, 02/27/2013 - 15:03 | 3282653 Bandit und Buster
Bandit und Buster's picture

Small fish, she's expendable and NOT a jew or a mason.

Wed, 02/27/2013 - 16:33 | 3283089 rustymason
rustymason's picture

She didn't spread it around the right places.

Wed, 02/27/2013 - 14:17 | 3282446 lolmao500
lolmao500's picture

Bullish news...

Israel: Hizbullah got Scud D missiles from Syria with 700 km range

China moves mobile missiles near coast amid tensions with Japan over islands

United States intelligence agencies recently detected China’s military shifting road-mobile ballistic missiles closer to its southern coast near the disputed Senkaku Islands amid growing tensions between Beijing and Japan over the islands dispute.

U.S. defense officials said the movements are being watched closely as China’s military is also holding large-scale military exercises that some fear could be a trigger for a conflict with Japan that could involve U.S. forces.

So it's confirmed...

And there's credible reports of heavy fire/fire bombs activity in Cairo...

Shit going down fast...

Wed, 02/27/2013 - 15:06 | 3282665 Bandit und Buster
Bandit und Buster's picture

When the Rothchild/Zionist banksters want war we WILL have war!

"‘We’ve been fighting a war for the past 18 months, which is the harbinger of World War III. The world is going to fight, whether they like it or not.  I’m sure,’  Ra’anan Gissin, a senior adviser to [Israeli Prime Minister Ariel] Sharon, said n an interview Friday." Stephanie Innes, Arizona Daily Star, March 18, 2003

Wed, 02/27/2013 - 14:17 | 3282447 Joe A
Joe A's picture

His cell mate is Bubba the Greek. Bring plenty of soaps on your way to jail mr. mayor.

Wed, 02/27/2013 - 14:19 | 3282460 Catullus
Catullus's picture

We don't embezzle money in the US, we "invest in green energy".

Wed, 02/27/2013 - 14:24 | 3282478 Yen Cross
Yen Cross's picture

   At least he's guaranteed 3 hots' and a cot, for the rest of his life. The rest of the Greeks should hope to be so lucky. The irony<

Wed, 02/27/2013 - 15:12 | 3282703 Bandit und Buster
Bandit und Buster's picture


"At least he's guaranteed 3 hots' and a cot..." 

You've never been to prison I can tell!  If you like to eat shit and freeze your ass, check in sometime. I have family in low-security camp (anyone can get nabbed for 'conspiracy') and they know how to make you miserable and feed you spoonsize shit and garbage. and medical care? Ha! you'll do better going to an african witch doctor. 

I hear greek prisons are a lot worse.  Hanging these guys would probably be doing them a favor.

Wed, 02/27/2013 - 14:26 | 3282481 savagegoose
savagegoose's picture

i hope he likeas it greek style

Wed, 02/27/2013 - 16:32 | 3283083 rustymason
rustymason's picture

Of course he does, he's Greek!

Wed, 02/27/2013 - 14:27 | 3282483 Peter Pan
Peter Pan's picture

The former mayor was once Greece's top sprinter as well as a medal winner at various European games.

Now at last they have caught up to him.

The problem for Greece is that these sorts of sentences should have been handed out earlier and more often as a warning to others and as an assurance to the masses that justice is in fact blind and not just cross eyed.

Unfortunately this will not cure the system given the quadruple barrelled schizophrenia of austerity, tax increases, wage and pension cuts and unemployment. How any nation is supposed to gain traction under such circumstances is beyond me.

Wed, 02/27/2013 - 14:31 | 3282498 CDNX fan
CDNX fan's picture

Was he not ex-Goldman in charge of Compliance? or was it JPM?

Wed, 02/27/2013 - 14:40 | 3282541 wisefool
wisefool's picture

Timmah has recently been admitted to the CFR and is ready to be ambassador to greece such that they can properly enforce taxation to prevent this type of malfeasance.

Keynes admitted that the purpose of taxation in his model is to prevent bubbles by way of actors being taxed if they decide to do so. /sarc

Wed, 02/27/2013 - 14:47 | 3282569 buzzsaw99
buzzsaw99's picture

Greece leads the way on law and order in the world. What a sad commentary.

Wed, 02/27/2013 - 14:53 | 3282601 Hacksaw
Hacksaw's picture

If the Greeks stay on this path their economy and country will improve.

Wed, 02/27/2013 - 14:58 | 3282630 Fubared
Fubared's picture

Not bad actually, someone got held accountable for something.

Damn, there goes my armageddon vision.


Wed, 02/27/2013 - 15:13 | 3282706 lolmao500
lolmao500's picture

One headline I would like to see :

Former presidents Bill Clinton, Bush Sr., Bush Jr. and Obama scheduled to be executed by hanging for treason this evening at 8PM EST live on all tv channels.

Wed, 02/27/2013 - 15:35 | 3282814 JohnGaltsChild
JohnGaltsChild's picture

So, what do you think? This guy got any chance of getting on the Fed Board?

Wed, 02/27/2013 - 15:38 | 3282838 22winmag
22winmag's picture

Didn't the ancient Greeks have a system where public officials could be held liable up to 7 years after leaving office?


In America, criminal politicians get a free pass before, during, and after office.

Wed, 02/27/2013 - 15:57 | 3282926 Gimp
Gimp's picture

U know what Marc Faber says - "governments are inherently evil"

If you look at the last century death toll he may be on to something.

Wed, 02/27/2013 - 16:31 | 3283079 rustymason
rustymason's picture

This Greek guy is a piker. Rita Crundwell stole $53 million all by herself from the little town of Dixon. If you're gonna steal, steal big. To paraphrase The Donald, if you steal $17 or $53 million, they own you, but if you steal $1 trillion, then you're Too Big To Fail.

Wed, 02/27/2013 - 16:47 | 3283129 Marley
Marley's picture

"The fraudulent conversion of another's property by a person who is in a position of trust, such as an agent or employee."

Look out Wall Street, Money Managers, Financial Advisors, marketer of "commodities", et alii!

Wed, 02/27/2013 - 16:52 | 3283157 tony bonn
tony bonn's picture

i am glad to see justice served, but it's too bad the bigger sharks are still free spreading financial sure would be nice to see jamie 'i am richer than you' dimon in an orange jumpsuit for life. however, from what i understand, he is under interpol investigation and probably has a death warrant hanging over him....

Wed, 02/27/2013 - 17:03 | 3283206 medium giraffe
medium giraffe's picture

Swing you fuckers, the party has started!


Wed, 02/27/2013 - 20:23 | 3283865 torabora
torabora's picture

 Well maybe Executive Outcomes has a new job now?

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