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Thursday, June 25, 2009

Ring Around the White Collar: What Penalty for Ponzi Perp?

Bernie Madoff will be sentenced on June 29. In a recent article, Forbes examines what type of penalties have been given to other white-collar criminals. According to the story, Sholman Weiss is serving the longest such sentence, having been committed to 845 years in federal prison for his role in the the $450 million collapse of National Heritage Life Insurance. That officially puts his release date as Nov. 23, 2754.

Allen Stanford (not to be confused this morning with Mark Sanford), are you paying attention?

(Via WSJ Law Blog)

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