I hate to be cynical on this, but....
I saw almost the exact same situation with a guy a worked for in audiotext. Most of his $$$ are socked away offshore. Yes they took his homes and cars here in the US (kinda funny when you watch the government put a $4mil lien on a $1mil house), and yes he was sentenced to 4 years in Club Fed. But it took 6+ years for him to be sentenced, a year after he was sentenced, he still hadn't gone to prison, and if he ever goes, he'll probably not actually serve more than a year. And when he gets out, he'll have at least a $100mil he can play with for the rest of his life as long as he doesn't spend it in the US.
During a meeting once, we were talking about when they were fined $200K for another scam they ran. "Yeah, but we made $2Mil, so who cares." was the comment from his wife.
White collar crime pays. Always has, always will - the repercussions just AREN'T that severe. And I'll bet if you ask ANY of these guys if they had the chance to do it again, even with all the penalties and prison time, they'd say "Yes" w/o giving it a second thought.
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03-19-2003
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