The Insolvency service reported the case of Robert Hiom last week - see article and links below.  Clearly it is appropriate that he was made bankrupt (although he made himself bankrupt) and that he should be subject to a long restriction.  However, I must ask whether we go far enough in this country and whether, given the same circumstances, he would be subject to a custodial sentence.  Compare this case to some of the instances of Ponzi Schemes reported in the US, see http://theponzibook.blogspot.co.uk/ (with thanks to Kathy Phelps) which reports numerous instances of jail sentences for White Collar criminals.