|Re: SEC sues over stock market spam scam
Group: news.admin.net-abuse.email · Group Profile
Author: Jim Higgins Date: Aug 23, 2006 17:13
On Tue, 22 Aug 2006 19:56:09 -0500, DevilsPGD
>In message <firstname.lastname@example.org
> Jim Higgins
>>What does it matter? The govt has a long running habit of fining
>>these guys far less than they took from their victims when the
>>bastards should be living - after a long prison term - in cold water
>>walkups until the day they die.
>Sure, but the politicians that make the laws could well be friends with
>the folks committing various forms of upper level financial fraud.
You'd surely think so, wouldn't you!
>Besides, pirating movies is obviously a much bigger problem.
Both very high dollar crimes with significant detection problems. All
the more reason to have draconian punishments for both so you can let
pure fear of detection, prosecution and the final penalty do some of
the work of reducing the rates for these crimes.
I pretty much subscribe to the school of thought that says if the rate
for a certain crime is "too high" then raise the penalty until the
rate drops to the point that a larger penalty doesn't drop the rate
appreciably, then keep that penalty.
I'd start with at least 5 years in prison for spamming plus
confiscation of *ALL* assets acquired thru spamming.