News for hackers. Stuff that matters.

A comment on Western Union admits to aiding wire fraud, to pay $586M. Parent comment

Re:Western Union admits to aiding wire fraud, to pay $586M by dpark on Monday January 23, 2017 @04:20PM (#13466156)
Fines that constitute "pocket change" are sufficient to discourage crimes that would generate something less than pocket change. It's not as if scamming $250 becomes a cost-effective bet when you're independently wealthy.
[ Parent | on HN ]
Re:Western Union admits to aiding wire fraud, to pay $586M by st3v3r on Monday January 23, 2017 @07:24PM (#13467699)
No, but say, the fine for speeding becomes "pocket change" if you're independently wealthy.
[ Parent | on HN ]
Re:Western Union admits to aiding wire fraud, to pay $586M by dpark on Monday January 23, 2017 @07:32PM (#13467754)
Sure. That's not relevant for illegal activity undertaken for profit though.

Scaling up fines based on wealth might help reduce minor crimes like speeding. I'm not sure how effective that really is, though, since low income people still speed.

[ Parent | on HN ]