Madoff Sentence Unlikely to Deter Fraud

June 20, 2009

Source: Markets Media

“I really doubt that Madoff’s sentence will deter future fraud in any significant way. Obviously, some people will be deterred. However, my experience is that people who cross the line do so gradually and often rationalize their conduct as either being noncriminal or that they won’t get caught,” said Richard L. Scheff, partner and firm chairman of Montgomery, McCracken, Walker & Rhoads, LLP.

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