The penalties associated with white collar crime are not effective deterrents. If you have billions of dollars and the worst that can happen is that you pay a couple million in fines, then you are effectively above the law. This was evident in the subprime mortgage crisis. Vast communities were destroyed with limited consequences for the perpetrators.
I would personally like to see white collar crime lead to incarceration more often as that seems like a stronger deterrent. Having said that, I am not deeply knowledgeable about the facts of this particular case.
I would personally like to see white collar crime lead to incarceration more often as that seems like a stronger deterrent. Having said that, I am not deeply knowledgeable about the facts of this particular case.