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I don’t think jail is the solution to this or many other problems that we imprison people for on a regular basis. I understand the anger at watching someone lie
by noelherrick 7y ago
I don’t think jail is the solution to this or many other problems that we imprison people for on a regular basis. I understand the anger at watching someone lie and get away with it, but fines and clawbacks are a great fit for those types of crimes. We really don’t want to pay for someone to go to jail and we don’t want the possibility that they’ll become a repeat offender-which seems more likely if you remove they from family and society.
- zelon88 7y agoWe're not talking about a stolen candy bar. Slap the perps wrist and they get the point. Executives will make a dishonest decision knowing the consequences. Then they'll make $100m off the decision, get fined $20m by Uncle Sam, get a $20m golden parachute, and then do it all over again next week. Because it made financial sense to break the law at that time. Fining a billion dollar company because an individual decided to lie is a consequence-less punishment in the same way that stealing a $1 cheeseburger from McDonalds corporate is a victimless crime.
- ergothus 7y agoI'm in agreement about jail, but also with the despair that causes the desire. A monetary fine would be trivial. Anything else likely wouldn't create any counter-incentive. At a minimum though I'd like to see someone convicted, nine if this settle without admitting wrongdoing. Then the next company to hire them would at least have to answer why they are hiring a convicted fraudster.