So, here is the math on what prosecutors are looking for in Lea Fastow’s (Enron insider) and Martha Stewart’s (ImClone trading) jail terms, respectively. I measure the terms in YpM — years in jail for every million dollars in the supposed infraction:
15 yrs for $45,000 = 33 YpM
0.4 yrs for $66-billion = 0.000006 YpM
The moral of this story: If you’re famous and you’re planning to do anything untoward in the financial markets, go for billions or none at all. Word to the wicked.