News (Media Awareness Project) - US FL: LTE: Discouraging Fraud |
Title: | US FL: LTE: Discouraging Fraud |
Published On: | 2002-07-11 |
Source: | Orlando Sentinel (FL) |
Fetched On: | 2008-01-22 23:44:08 |
DISCOURAGING FRAUD
If you want to discourage corporate fraud, use the same penalties that are
given to drug traffickers. Don't just send them to jail; seize their assets
and liquidate them. Also, work with foreign concerns to seize their
offshore holdings. Use the proceeds to fund the $100 million boost to the
SEC investigation division.
I don't think the taxpayers should fund this initiative. Most have already
paid enough with the losses in their 401(k)s.
JEFF FERGUSON
Windermere
If you want to discourage corporate fraud, use the same penalties that are
given to drug traffickers. Don't just send them to jail; seize their assets
and liquidate them. Also, work with foreign concerns to seize their
offshore holdings. Use the proceeds to fund the $100 million boost to the
SEC investigation division.
I don't think the taxpayers should fund this initiative. Most have already
paid enough with the losses in their 401(k)s.
JEFF FERGUSON
Windermere
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