Now it's SSE, the FOURTH Energy giant busted for "mis-selling". Three more are still under investigation. "Management Failures" are to blame again, and as usual, no criminal prosecutions have occurred. Now let's put aside the euphemisms. "Mis-selling" means fraud, used to steal money from customers by misleading them and false advertising, intentionally, at the point of sale. The same as they did for PPI. The management "failed" by orchestrating the fraud. This was "prolonged and extensive" according to OFGEM. Over 25 million customers scammed and the "record" fine of £12.5M the company paid represents 0.8% of just one year's profit. Like usual, fraud won't get you a criminal record, and the worst that will happen is you will escape prosecution, and your corporation will have to give back SOME of the money they stole (while still being able to keep a lot of it). You'll still profit by billions and of course, you can still get your annual "performance" bonus. And as always, they say they're sorry for their "mistakes" and won't do it again. This is exactly the same as banks. In all fairness, this is not a characteristic applying to only the UK. It's part of globalized plutocracy. The UK passed the buck outright on HSBC while the USA merely gave a slap on the wrist fine with no criminal prosecutions for money laundering for violent drug cartels. If you get caught on the street with a Three Card Monty scam, you'll get booked and prosecuted. But if you commit fraud as a bank or energy company, or many types of corporation, you're above the law. Here's the story: http://www.bbc.co.uk/news/business-22011717
Yet another scandal and yet another slap on the wrist. These crooks factor-in these relatively paltry fines into their cost-benefit calculations.
It's pretty much almost every major bank and energy firm, isn't it? Mainly ALL of whom are still running the show.
