Reference no: EM133453140

Questions:

1. Discuss the consequences of white-collar financial crimes. How do these damages compare to damages caused by street crime?

2. Was Madoff's punishment of 150 years in prison justified?

3. What are three different techniques used by white-collar criminals?

4. Which technique is as used by Bernie Madoff?

5.Why was he so successful with his technique?

What if...the criminal defense attorneys for a man who has been convicted of bilking millions of dollars from investors in a 'Ponzi' scheme have submitted a motion do you, the sentencing judge, asking that the defend ant be sentenced to house arrest in lieu of prison?

Their motion provides proof in the form of affidavits from a team of top-notch doctors that the defendant needs very significant dietary and medical monitoring and treatment, such that only his team of dietician's and doctors can properly care for the defendant. Furthermore, the defendant's motion clarified that 100% of the cost of the incarceration will be borne by the defendant(he is extremely wealthy) and the taxpayers of your community will not have to spend one cent towards his punishment. In essence, the defendant will pay to build a jail in his own home and will pay salaries of private security to make sure that he is locked up, and no threat to any law-abiding citizens of the community.

6. As the judge, how will you rule on the motion?

7. Why?

8. Should wealthy white-collar criminals have to pay for the cost of their incarceration, since they have the means to do so?

9. Why should the taxpayers pick up the tab?