Ethical Boundaries: Example #2 of Crossing an Ethical Boundary

HEADLINE: 71-Year-Old Money Manager Loses Appeal, Must Serve 20 Years

Appeals court upheld 20-year prison term for money manager Stephen Walsh, who swindled investors out of $554,000,000.

The money manager’s attorney said at sentencing that a “draconian” term of two decades would doom his now 71-year-old client to dying behind bars. He also blamed his client’s behavior on life-long alcoholism.

Reference: www.wealthmanagement.com/legal/71-year-old-money-manager-loses-appeal-must-serve-20-years

Let’s look at one more.