They had a great case against Paul Bilzerian - he was convicted and the government got a $60+ million judgment against him. It seems he is just exceptionally good at hiding his money during the bankruptcy processes.

https://en.m.wikipedia.org/wiki/Paul_Bilzerian

In a linked article it’s mentioned that the son’s money is from a trust, so I wonder if there’s some kind of loophole like the Florida principal residence exception.

They should have debtor’s prison at some point. Obviously going bankrupt from medical debt should not send you to prison but running a $60 million fraud should.

It's funny how death sentence exists in some countries, but I've never heard of a total property nullification sentence anywhere. The tools are right there, it would just be plain old bankruptcy (with all its known loopholes and weaknesses) preceded by an "infinite fine". Historical societies had banishment which I suppose was similar in effect, "you may live but that's it".

But "we take every amount of money of which we can prove beyond doubt that it was illegitimately acquired" is like trying to deal with theft by forcing the thief to give back the goods when caught and nothing more.

Exactly. A convicted megafraudster should be living in a studio apartment eating Hamburger Helper and driving a 2005 Kia.

> They should have debtor’s prison at some point. Obviously going bankrupt from medical debt should not send you to prison but running a $60 million fraud should.

Humans are creative; at that point money will be laundered through various overbilled (or even outright fabricated) medical procedures, paid for in cash.

Just because something will be fought doesn’t mean it shouldn’t be tried.

I did not mean to imply that it must not be tried :-/

We frequently don't catch murderers; this does not mean we should not investigate new methods of catching them.