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It was also a fraud.
The 110 year sentence compares to 150 years for Bernard Madoff, whose $50bn investment business was also a fraud, but who had pleaded guilty and used his sentencing hearing to apologise to his thousands of victims.
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Whether he was also a shameless fraud is a matter of some debate, but not, it must be said, much: it's difficult to stage a debate when the preponderance of evidence falls to one side.
The firm has argued that it was also a victim of a fraud that federal prosecutors say was engineered by Refco's former chief executive, Phillip R. Bennett.
Near the end of "This Boy's Life," Wolff confessed to a spectacular fraud that was also a heroic act of self-invention: as a teenager chafing under his stepfather's lunatic discipline, he applied to several exclusive prep schools, using purloined stationery to forge transcripts and letters of recommendation.
Maass was also a lead infiltrator during the voter fraud campaign.
The Association of Chief Police Officers (Acpo) said it was also an indication more fraud was being committed online.
There is also a Serious Fraud Office investigation to contend with which is unlikely to be concluded this year in our view.
A deep and true artist in his soul, he's also a guilt-ridden fraud in practice, and when his scheme is exposed, he takes off on a solitary trip of penance.
There is also a huge brouhaha about fraud in health projects in India, where investigations that ended in 2008 revealed "unacceptable indicators of fraud and corruption", according to Mr Zoellick.On the positive side, the bank has at least learnt to admit serious errors when they are proved to have happened.
The lower sentences for these two are because the guidelines view insider trading as a lesser crime, even though it is also a type of securities fraud.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com