Yet another article which ignores the fact that America has better enforcement and longer sentences for white collar crime then basically any other Western coun

Yet another article which ignores the fact that America has better enforcement and longer sentences for white collar crime then basically any other Western country. Law enforcement in most of the world is a total joke in this regard. "Wire fraud" (probably the most commonly used charge in financial crimes) has a maximum sentence of 20 years. Yes, not everyone gets 20 years, because the sentencing guidelines call for sentencing to be proportional to stuff like number of victims, loss amount, and whether the victims suffered financial hardship. Even on stuff like FCPA violations, the cases are almost always initiated by America and then a bunch of European countries piggyback on the billion dollar settlement (of course the third world country that got ripped off gets nothing). An illustrative example: Tony Goetz bought over a billion dollars in gold from Venezuela and conflict regions in Africa. He personally profited around 10 million dollars from this. He received an 18 month suspended sentence for this in Belgium. Samer Barrage and Juan Granda were purchasing agents for an Amercan gold refiner who bought gold of dubious origin in Latin America. They bought a similar amount of gold as Tony Goetz. They each only made about million dollars from this. They got 7 years in prison. And this isn't even accounting for the fact that prisons in Belgium are like a stay at the Ritz compared to American prisons. https://www.reuters.com/article/us-gold-refining-tony-goetz-idUSKBN1ZZ2JW https://www.reuters.com/article/us-gold-refining-tony-goetz-... https://www.miamiherald.com/news/local/article195552089.html https://www.miamiherald.com/news/local/article195552089.html