Earlier quoted context omitted.
> Financial crimes deserve a financial penalty. Nah. Financial crimes cause real harm. And financial penalties frequently aren't sufficient disincentive. Imagine that I have no assets but am a good talker. So I go out an launch an "investment fund" that is just a Ponzi scheme. Let's suppose I take in $50m, pocket $10m, and spend the rest on "investment returns" and appearing to run a real business. I live high on the…
> at which point many too-trusting people have lost their lifes' savings People should be a little smarter and not fall for Ponzi schemes. Furthermore, many people who invest in such schemes, understand how they work but hope to get profit before it collapses.
Just recently it has come to light that a crooked funeral fund here in Australia has been preying on indigenous people for years with no prospect on their deposits being returned