NYC Mayor Bill de Blasio orders investigation of Amazon’s firing of strike organizer

This is a common misconception on Reddit that corporate crime goes unpunished in the US. Since the Sarbanes and Oxley Act and even before then, people who have worked for companies and committed crimes have gone to jail for lengthy sentences. A great example however it was after the Sarbanes and Oxley Act is Dennis Kozlowski, which happened after the Enron and WorldCom and prosecutors needed something to set things straight.

Dennis did not make investors lose money, Tyco stock was soaring to the point where even its assistant treasurers were looking to make over a million a year which in 2002 was unheard of. He also didn't really lose money for the company that would have been very noticeable. He violated federal law however specifically SEC law on unauthorized bonuses.

He was first sent to Sing Sing, which was notorious for its conditions during the time, however with his good behavior he was sent to two other jails over the years, just like any prisoner would have been with ever increasing freedom.

His imprisonment was harsh(compared to white collar crime before 2001) at the time on purpose, and he was lucky he got out after 6 years and that he had the best lawyers in the world that were able to get his maximum at 8 years. The SEC wanted to make him an example, and since then many more cases like this have happened, some with maximum terms over 50 years.

I think it is only a misconception on Reddit that white collar crime goes unpunished and that it only goes punished when it hurts rich large stake stockholders or the government. Even if he received the 100 million that the SEC claimed, even if it was 500 million, Tyco at that time was making so much money that it wouldn't have mattered for the stockholders.

/r/news Thread Parent Link - cnbc.com