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Discussion in 'Industry News' started by AgX, Apr 9, 2010.
Tom Petters has been sentenced to 50years of imprisonmemt by US court for fraud.
Yes, but given allowance for time served and possible time off for good behavior, he may serve only 41 years.
Greed can creap on you for sure!
I am still puzzled by that verdict. Though I should not be surprised as the different national kinds of criminal justice are continuously a topic of the media over here.
What puzzles you? Too short? Too long? Sentence vs. that for a violent crime?
I am puzzled by the long duration. Over here fraud is a relatively mildly sentenced crime as the opponent in the transaction is participating (by letting himself being betrayed).
You refer to violent crime: As the sentence in this case is practically already a life-long sentence, how would someone be sentenced who commited a violent crime?
Violent crimes in the US usually get long sentences and then early parole it seems...
I'm no expert, but from what I read in the local papers the Petters sentence is a function of a few things:
it was a long running fraud, and multiple frauds, not an isolated incident
he did not plead guilty (kind of a catch-22)
many people were hurt
it's intended as a warning to others.
Perhaps if he had been sentenced before some of the larger scandals came to light (such as Madoff) he would have gotten off a bit easier. But the public is angry.
Arguably, the USA believes in and uses incarceration more than any other country in the world.
I expect that it has something to do with the fact that there are two parallel systems of criminal justice (federal and state).