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So what are you saying? That prison isn't a deterrent for financial crimes?
by yau8edq12i 3y ago
So what are you saying? That prison isn't a deterrent for financial crimes?
- nkozyra 3y agoI absolutely did not say that. Rather, I'm suggesting that in the eye of the beholder, a very clear case of fraud might be self-perceived as a bump on the road to lawful, legitimate financial dealings. So the question is if SBF didn't see himself as committing the same crimes as Madoff (even if he was), would Madoff's sentencing and fate even register as a potential deterrent?
- TheOtherHobbes 3y agoWe don't know to what extent prison is a deterrent. It's classic survivor bias - we only get to see the cases where the deterrent failed, not where it succeeded.