Jump to Navigation
Serving the Community for More Than 45 Years

Critics say white collar crime punishments are too severe

The financial crisis of 2008 has led to accusations of white collar crime, including insider trading. One of the men who was sentenced to prison was facing the longest sentence of all time for that crime: between 15 years and 20 years behind bars.

However, some critics have come out and said that the way white collar crime sentences are determined is "nonsensical." They say that this approach leads to prison terms that are too severe for the crime.

These critics are not even coming out against punishments in general, or against the use of prison time. They support jail terms and say that they can really send a message. The issue is just with how the terms are decided.

One thing that tends to weigh heavily in these cases, which almost always revolve around money, is how much of that money was taken. If a scheme was only to net $10,000, the penalty would be far less than if the scheme produced $10 million.

There are a few potential issues here, one of which is that a person's intent to commit the crime would be the same, regardless of the net gain. The bigger issue, though, is that people at all levels of the scheme could face similar charges based on the total net gains. This means that someone who knew about it and played a very, very minor role could face a similar sentence to the person who set the scheme up and made it all possible.

As these sentences come under fire, it's clear how important it is to know your defense options in Maryland when facing charges.

Source: Newsweek, "Nonsensical Sentences for White Collar Criminals," Leah McGrath Goodman, accessed Jan. 15, 2016

No Comments

Leave a comment
Comment Information

How Can We Help?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Locations

Thomas V. Mike Miller, Jr., P.A.
Clinton Office

8808 Old Branch Avenue
P.O. Box 219
Clinton, MD 20735
Phone: 301-856-3030
Fax: 301-856-4029
Map and Directions

Dunkirk Office
2960 Penwick Lane
Dunkirk, MD 20754
Phone: 301-855-3100
Fax 301-855-8251
Map and Directions

Crofton Office
2200 Defense Highway
Suite 304
Crofton, MD 21114
Phone: 410-451-1777
Fax: 443-292-4614
Map and Directions

FindLaw Network