Punishment
In the United States, sentences for white-collar crimes may include a combination of imprisonment, fines, restitution, community service, disgorgement, probation, or other alternative punishment. These punishments grew harsher after the Jeffery Skilling and Enron Scandal, when the Sarbanes–Oxley Act of 2002 was passed by the United States Congress and signed into law by President George W. Bush, defining new crimes and increasing the penalties for crimes such as mail and wire fraud. In other countries, such as China, white-collar criminals can be given the death penalty. Questions about sentencing disparity in white-collar crime continue to be debated.
Read more about this topic: White-collar Crime
Famous quotes containing the word punishment:
“My object all sublime I shall achieve in time—
To let the punishment fit the crime— The punishment fit the crime; And make each prisoner pent Unwillingly represent
A source of innocent merriment! Of innocent merriment!”
—Sir William Schwenck Gilbert (1836–1911)
“No punishment has ever possessed enough power of deterrence to prevent the commission of crimes. On the contrary, whatever the punishment, once a specific crime has appeared for the first time, its reappearance is more likely than its initial emergence could ever have been.”
—Hannah Arendt (1906–1975)
“Routine physical punishment such as spanking teaches a toddler that might makes right and that it is fine to hit when one is stronger and can get away with it.”
—Alicia F. Lieberman (20th century)