Sunday, August 17, 2014
No leniency for white collar offenders!
A number of people are calling for more lenient sentences for white-collar offenders after penalties for non-violent drug-offenders were eased. Irrespective of the merits of that move, white-collar offenders are currently under-prosecuted and under-punished. Unlike most drug offenders, they often have the best defense attorneys money can buy and resources for investigation. They can use this to squeeze sweet-heat deals out of many prosecutors. There is nothing wrong with defendants doing this, but we need more deterrence of white-collar, banking and Wall Street crime, not less. Finally most white-collar offenders serve their time in "country-club" and minimum security prisons. Most drug offenders are not given that advantage. That policy makes sense in some cases, but weakens the deterrent effect on white-collar offenders.