Defining Deterrence in White Collar Crime Cases (Part III of III)
There are two types of deterrence – specific and general. Specific deterrence focuses on the risk of recidivism by the individual defendant. General deterrence is focused on preventing others from engaging in similar misconduct. Deterrence depends on three basic factors: certainty; severity and swiftness of punishment. The certainty of punishment is a significant factor for obvious reasons – if there is a little chance that...