3 ms·
Agree but… What if it isn’t a person you can point to, but rather a company? And what if you can’t jail a company, but you can fine them. And what if the fine
by SV_BubbleTime 2y ago
Agree but…
What if it isn’t a person you can point to, but rather a company? And what if you can’t jail a company, but you can fine them. And what if the fine ends up just being the “cost of doing business” to the company?
Which company received the largest criminal fine ever handed out? Hint, it’s a pharmaceutical company.
- graemep 2y agoA company is made up of people. A fraud like this (i.e. actually involving falsifying data) would have to be done by an individual or a group of individuals. They can be jailed. if there are aspects of it (e.g. inadequate procedures and checks that fall short of criminal by any identifiable people) then you need fines that are too large to be just a cost of doing business.
- SV_BubbleTime 2y agoPfizer was the answer, 2 billion.