Re:Wirecard CEO exits as search for missing billions hits de...
by boringg on Friday June 19, 2020 @10:00AM
(#23574595)
Way too expensive to regulate in real time and the sample size for regulating is pretty low. What you need to do is make the punishment for bad behavior strong enough to minimize fraud. I would like to think most actors are good actors and we take the bad actors and make an example to the rest of the industry what to expect if caught. It will always be a cat and mouse game.
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Re:Wirecard CEO exits as search for missing billions hits de...
by amanaplanacanal on Friday June 19, 2020 @10:12AM
(#23574699)
If the chance of getting caught is low, I'm not sure stronger penalties make that much difference. See the drug war for example.
Re:Wirecard CEO exits as search for missing billions hits de...
by Nasrudith on Friday June 19, 2020 @03:31PM
(#23578062)
General criminology finds that the certainty of punishment so long as it is non-neglible relative to the rewards is what matters more than the magnitude as most criminals don't think they will get caught unlike others.