On June 29, 2009, upon conviction of running a Ponzi scheme that bamboozled investors of at least $18 billion, Bernie Madoff was sentenced to 150 years in federal prison. The sentence ... came at a time of public anger against bankers, [and] was almost unanimously hailed: Finally, at least one corrupt financier had gotten his comeuppance. The judge called Madoff's crimes extraordinarily evil." By Vietnamese standards, Madoff got off easy. In the past five months, at least three Vietnamese bankers have been sentenced to death - though their crimes amount to just 1 percent of Madoff's haul. a 57-year-old director of a Vietnam Development Bank was sentenced to death after he and 12 others approved counterfeit loans in the amount of $89 million. For inking those contracts, he got a BMW, a diamond ring, and $5.5 million. His death sentence follows similar punishments meted out to two other bankers: One was sent to death row in November for his part in a $25 million scam, and the other, banker Duong Chi Dung, got his in December. The sentences offer a sharp contrast between how the West handles financial crimes - prison terms, sometimes just a fine - and how some East Asian countries do it. What warrants death in Vietnam would only be years in prison - or no prison at all - in the United States.
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