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> Companies committing fraud do get caught and the penalties are often larger than the fraud brought in. The problem is, we don't send companies to prison for
by ryandrake 6mo ago
> Companies committing fraud do get caught and the penalties are often larger than the fraud brought in.
The problem is, we don't send companies to prison for wrongdoing. It's always just a fine, so breaking the law boils down to a cost x risk / benefit analysis.
Why is it always a fine? Let's invent a prison for companies. Revoke the corporate charter, order it to cease operations, and freeze all trading of the company's shares for N years. Maybe that would be enough for corporate leadership, the board, and shareholders to take wrongdoing seriously.