IN 2005, the Australian courts sentenced one Rodney Alder to 4½ years in jail after he pleaded guilty to four criminal charges of making false statements about a purchase of shares in insurance company HIH and lying to obtain money from HIH for a company in which he had an interest.
What is interesting about the case is that the judge had not only wanted to pass a deterrent sentence, he had pointed out another reason for custodial sentences of white-collar offenders, namely that detecting such crimes and prosecuting them is an arduous task.