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Fraud. Personal culpability. Jail. The one thing that will put the brakes on such. P.S. Also worth mentioning, various governments have various laws and re
by pasbesoin 9y ago
Fraud. Personal culpability. Jail.
The one thing that will put the brakes on such.
P.S. Also worth mentioning, various governments have various laws and regulations prohibiting doing business with agents convicted of criminal activity. It would also be worth actually adhering to and enforcing those.
A bigger threat than a fine that often represents a fraction of the profits already gained.
But seriously, pierce the corporate veil and lock them up. Long past due. And experience has now shown, the only way to substantially reduce such activity (e.g. Savings and Loan Scandal of the '80's).
P.P.S. Regarding this, and all the Federal agents/roles that have been reassigned from domestic and financial crime to "terrorism". More Americans face greater terror today from the prospect of being screwed over by fraudulant big business, than face real (as opposed to manufactured) terror over a terrorist attact. Or, a "terrorist" attack, looking at how broadly that label gets applied, today. (I was going to say, how broadly it gets "thrown around", only it isn't really being "thrown around", it's being used quite deliberately to foster self-serving agendas.)