Why do we treat people like Madoff or SBF who steal millions in one manner, and people like this who steal millions in a different manner?
Seems to me there shouldn't just be civil penalties. These people are large scale thieves.
Seems to me there shouldn't just be civil penalties. These people are large scale thieves.
Sam Bankman-Freid was orginally arrested in the Bahamas in December 2022, extradited to the US and bailed before being remanded in custody in August 2023. His trial is due to start this week so he still accused but not convicted or sentenced.
What exactly is the different manner that you are referring to here?
SBF will probably get the same treatment. They both stole from too many big name people.
I would love to see these franchise owners charged the same way with a few years in prison. It's time to pierce the corporate vail. If businesses commit crimes than businesses should be out in some form of business jail and also including a business death penalty by disallowing the business to operate entirely with the proceeds being put into a receivership that disadvantages the owner.
When entrepreneurs violate laws behind their corporate veil, punish them accordingly and watch businesses start taking that into consideration.