David Siegal Discusses Bernie Madoff And His Schemery (is that a word?)
If ever there was a white-collar offender who seemed destined to do hard time, it is Bernard Madoff.
Is the scarlet “life” the appropriate stigma for white-collar offenders?
“Life imprisonment is traditionally reserved for cases of murder or rape. The harm caused by fraud is categorically different from the harm caused by violent criminals. At the end of the day, fraud crimes are about money, not the taking of life. And the justice system should, in my view, recognize that difference. If, under appropriate circumstances, a judge were to impose a sentence that effectively amounted to the rest of that defendant’s natural life, I would not find that to be wrong. However, the ability to pronounce a sentence of “life” should be reserved for those crimes involving extreme bodily injury or death.”
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