Do you think the penalties that are typically imposed on corporate executives for “white-collar crimes” are sufficient?

White-collar crimes are those that are non-violent and financially motivated, committed by either individual, business professionals or the government. Most of these require a high level of intelligence, utmost intellectual strategy and financial input to trace. It, therefore, calls for an equal magnitude of legal action that warrants the efforts to curb such malicious moves worthwhile (Rosoff, 2002). The method of punishing such crimes should highly discourage others who are on the move to commit the same. On an individual point of view, the punishment for those implicated for white-collar crimes is sufficient. Making one lose their license of practice highly limits them to access to facilities that may enhance similar malicious and unlawful activities. The heavy fines and years of imprisonment are also highly sufficient. In addition to helping to recover the money and wealth acquired by unscrupulous means, it also punishes them and makes them feel the loss of engaging or associating with such acts.

References

Crootof, R. (2017). International Cybertorts: Expanding State Accountability in Cyberspace. Cornell L. Rev., 103, 565.

Vietzen, L. A. (2015). Law Office Management for Paralegals. Wolters Kluwer Law & Business.

Rosoff, S. M., Pontell, H. N., & Tillman, R. (2002). Profit without honor: White-collar crime

And the looting of America (pp. 37-41). Upper Saddle River, NJ: Prentice Hall.