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The comment you reply to mentioned Enron, which is famous for sending people to actual Jail. Jeffrey Skilling spent 12 years in prison - https://en.wikipedia.o
by michael1999 5y ago
The comment you reply to mentioned Enron, which is famous for sending people to actual Jail. Jeffrey Skilling spent 12 years in prison - https://en.wikipedia.org/wiki/Jeffrey_Skilling https://en.wikipedia.org/wiki/Jeffrey_Skilling
I'll grant that post-9/11 priorities have defunded white collar prosecution, but people go to jail in the US. If you really want a criminal-consequence-free jurisdiction, come to Canada. We really don't send people to jail for corporate fraud. The Vancouver exchange is a free-for-all, and Montréal boiler-rooms are a movie cliche.
- specialist 5y agoWhen investors are the victims, white collar criminals go to jail. We'll soon (re)learn if mere customers have that kind of juice. IANAL, but I'd guess they best they can expect is be party to some class action settlement and the criminals get some token fines.