Originally Posted by
tonyg
Not really. People will take the risks for the rewards. Plus those with lots of money can always buy their way out of being punished.
Look at the drug trade. In many countries dealing in illegal narcotics is a capitial crime, but the trade is so insanely lucrative that people take the risk.
Not that I'm conding what the guy did. Just pointed out that capital pu7nishment isn't a deterrent when the stakes get this high.
Now if we wanted to stop embezzling, we would need to simplify the tax codes and make it harder to hide the money. Here's a company that "lost" something like $9 million dollars. How can that have happened? You7d think that someone would notice a loss like that-even if someone is trying to cover it up. So either no one was keeping an eye on the money, inclduing the account that they hired 9 years ago, or there are just too many ways to cover up.
At least this guy is being procesuted for a cime, unlike all those executives who have run compnaies into the ground while giving themselves massive bonuses.