Rethinking Criminal Sentences

A federal conviction for white-collar fraud is no guarantee of a heavy prison sentence. When five defendants in the fraud case involving the American International Group were sentenced, they could have faced life in prison; instead, a judge handed down sentences of one to four years for causing more than $500 million in losses. A Ponzi-scheme criminal who caused more than $40 million in losses got 25 years. A man convicted of securities fraud that caused more than $50 million in losses got a three-and-a-half-year sentence.

Sentencing for white-collar crimes — and for child pornography offenses — “has largely lost its moorings,” according to the Justice Department, which makes a strong case that the matter should be re-examined by the United States Sentencing Commission.

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This is a New York Times editorial. Tom