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Corporate/White Collar Crime

Is the era soft treatment of white collar criminals over?

  • Yes

    Votes: 2 16.7%

  • No

    Votes: 8 66.7%

  • Other

    Votes: 2 16.7%
  • Total voters
    12

Cold Highway

Dispenser of Negativity
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Im sure most of you are aware the sentence that Madoff has gotten. My question is this with the well deserving sentence that he got is the era of soft treatment of Corporate/White Collar Criminals over?
 
chevydriver1123 said:
Then where did I hear that he got twenty to life?
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I dunno? I tried looking at the news to see if I could find anything but not yet.

The last I remember is that he has plead guilty and his sentence will be decided in a couple months.

However they did revoke bail I think.
 
chevydriver1123 said:
Im sure most of you are aware the sentence that Madoff has gotten. My question is this with the well deserving sentence that he got is the era of soft treatment of Corporate/White Collar Criminals over?
Click to expand...

If I walked into a WalMart and stole $40 from the register my ass would be in jail.
 
Arch Enemy said:
If I walked into a WalMart and stole $40 from the register my ass would be in jail.
Click to expand...

That is pretty much the case. White collar criminals get a slap on the wrist even though they ruin people financially.

I'd say the lower hanging fruit of the organizations usually become the sacrificial lambs if someone is prosecuted.

Justice is bought more often then not now.
 
chevydriver1123 said:
Im sure most of you are aware the sentence that Madoff has gotten. My question is this with the well deserving sentence that he got is the era of soft treatment of Corporate/White Collar Criminals over?
Click to expand...
Of course it's not over. The outrageous ones like Madoff (and Skilling and Fastow from Enron) will always get lots of prison time, but your run-of-the-mill embezzler or fraudster is just as likely to run for office as he is to run from the cops--hell, in Illinois, you can't hold elective office until you learn how to properly give and take bribes.
 
Are you sure about that? I thought, in ILL, you had to get elected first, then you were required to take bribes.
 

Madoff may not get a lot of prison time though really.

Do you think all of the money invested with him was just spent or vanished?

There is some of it left and the feds will want his cooperation in finding it.
 
Harry Guerrilla said:
Madoff may not get a lot of prison time though really.

Do you think all of the money invested with him was just spent or vanished?

There is some of it left and the feds will want his cooperation in finding it.
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True....and there is the sobering reality one really can't give a 70-year old man a lot of prison time, simply because of the high probability he will die of natural causes within the next 3-5 years.

Which has me wondering what terminal condition is Madoff hiding that he's willing to be the sole fall guy? If he's got cancer or something that will kill him in the next 24 months, the guilty plea could keep the feds off balance until he's on the other side of the grass.
 
I voted yes, being an optomist about the American public. Once Wall Street finds out that we don't trust them with our money anymore, they will clean up their act....
Damn, even as I write it, it sounds pathetic....
 
chevydriver1123 said:
Then where did I hear that he got twenty to life?
Click to expand...

No, his sentencing isn't until April, but he can receive up to 150 years. We can safely assume, especially since he's in his 70s, that any sentence he receives will be a life sentence.
 
This is entirely for selfish reasons, but I'm praying that we see a massive increase in white collar prosecutions, SEC investigations, securities fraud claims, etc. ****, throw in some RICO claims while we're at it.
 
Last edited:
chevydriver1123 said:
Im sure most of you are aware the sentence that Madoff has gotten. My question is this with the well deserving sentence that he got is the era of soft treatment of Corporate/White Collar Criminals over?
Click to expand...

As heartless as the PRC may be, it does have a pretty good idea about executing white collar criminals.
 
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