You Don’t Say
You Don’t Say
Federal judge sentences former Dynegy VP Jamie Olis to 24 years in prison, leading critics to claim that federal sentencing guidelines are too harsh.
“Twenty-four years is the stiffest sentence doled out to a white-collar criminal in recent years, experts said. Short of capital punishment or a life sentence, the prison term, in practice, puts Olis in the same category as murderers and robbers.”
For the record he did “steal” $300 million, most robbers don’t come close to seeing that much loot.
March 26th, 2004 at 10:13 pm
My gut reaction is I’m OK with it. I’d have probably thought more in the 10-15 year neck of the woods myself, but the fact is, most white collar crooks disassociate themselves from the harm their actions cause investors.
If people invested their retirement, their children’s college funds, their own futures in a corporation and lost money because of someone’s deliberate dishonesty, the lack of a gun in the face doesn’t much move me.
The article sounds like this sentence will scare the hell out of other defendants. Good.
March 26th, 2004 at 10:45 pm
I agree — but mostly because I think when our elected leaders start seeing their good buddies “kenny boy” and the like getting sentenced to lengthy, non parolable sentences because judges hands are handcuffed by sentencing guidelines, maybe we’ll see some change in these draconian policies. People should be punished for theft and drug sale, etc. not buried alive.
March 29th, 2004 at 3:50 am
I hate whate collar crime. The worst offender deserve punishment on par with regular crime.