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"Want to be a corporate criminal? Move to Canada"

By Douglas A. Berman

The title of this post is the headline of this sharp commentary from Canada's Globe and Mail paper in response to today's sentencing of two high-profile corporate fraudsters up north.  Here are excerpts from the piece: Madam Justice Mary Lou Benotto wants to send a message to white-collar crooks like Garth Drabinsky: Our justice system will deal with you severely.  As she sentenced the former impresario to seven years in prison Wednesday, she argued that a crime like his is serious, because it ?fosters cynicism [and] erodes public confidence in the financial markets.?  Sternly, she noted, ?Those in business must know that this must be the response.? In fact, those in business must know Canada is a fine place to fleece the innocent and cook the books...continue to full post

Full post as published by Sentencing Law and Policy on August 05, 2009 (boomark / email).