The title of this post isn’t facetious, and it isn’t really sarcastic, either. If you’ve ever read a story about bank robbery, or looked it up online, you already know that most bank branches rarely have more than five figures worth of cash on hand, and never more than low six figures. They are also loaded with countermeasures, cameras, silent alarms, dye packs, and even armed guards. Even worse, from any potential criminal’s point of view, bank robbery is automatically considered a Federal offense, and will bring the FBI down on you faster than you would believe. There is an excellent chance of being killed outright, and an even better chance of being sent to prison, and even if you succeed in getting away with it, you’re probably going to end up with less than $100,000 for your trouble…
As an alternative, consider the case of Jessica Metivier, of Acton, Massachusetts, who was sentenced this week for her part in defrauding the United States Treasury Department of more than $50,000,000 USD. According to the story on the US Department of Justice website, Metivier and her partner, Christopher N. Condron, submitted grant applications for tax free energy grants as part of the American Recovery and Reinvestment Act of 2009, including wind, biofuels, and gasification projects, totaling more than $88 million dollars. As a former grant writer, I can tell you that such grant applications are incredibly detailed, and rigorously vetted by the granting agency. Getting one at all is intended to be as difficult as possible, specifically to avoid fiascos like this one…
It seems worth noting that this wasn’t a case where the defendants were immediately caught, either. The fraudulent applications first appeared in May of 2009, and Metivier and Condron weren’t charged with anything until August of 2017. One might have hoped that it would take less than eight years to detect such an offense, either by periodic audits, progress reports (that are required on all Federal grants, usually quarterly), or simply because somebody drove by the alleged site of the project and failed to see any of the large wind farms, gasification plants, or development facilities that should have been present…
I could absolutely understand if any or all of my readers (assuming I have readers) were outraged by the fact that some clown was able to defraud the Federal government for upwards of $50 million of your tax dollars and remain undetected (or at least unindicted) for more than eight years. But if that upsets you, you’re really going to be furious when you find out what Metivier’s sentence was: one year of probation. Condron’s case hasn’t been resolved yet, but since he’s being charged for stealing a smaller amount of the money, it seems unlikely that he will end up doing any worse than his partner…
Now, I have to admit that I haven’t had the chance to read any of the court documents, and I’m not suggesting that I would understand any of the legal aspects anyway. I don’t have a law degree, and my one semester of Business Law in business school probably wouldn’t be any help even if I had taken it more recently than 1991. But from a strategy standpoint, if you had to choose between a venture that would net you less than $50,000 and could easily result in 10 years in prison (or death), and one that would yield literally a thousand times more money and only result in one year of probation if you were caught at all, why on Earth would anyone select the first option?
All kidding aside, as one of the aforementioned taxpayers, I can’t help feeling that just having to spend one year in which you do not commit any crimes is rather a light sentence for stealing $50 million of our money. Even more to the point, though, is the question of just how many other teams of fraudsters are pulling off operations like this one – and of how many of them, if any, have been caught in the first place…
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