Wednesday, December 26, 2012

U.S. v. Phillips (9th Cir. - Dec. 26, 2012)

Don't steal from a pizza place.  That can get you twenty five to life, and will only net you (at best) some pepperoni pizza.

Steal from shareholders instead.  That can get you several millions, and you'll only have to spend a few years in prison.

One more thing.  If you're caught stealing, definitely don't pay the money back.  You'll have to forfeit anything you bought with the stolen money, and even if you've already reimbursed the company, that reimbursement is not a defense to the forfeiture.

In short, if you steal, go big.

A timely post-Christmas lesson.