[Old Teufel Hunden]

"There's enormous public purpose served by punishing people for commiting fraud."

I agree. And that's already illegal. They did not prosecute Alvarez for fraud because he did not benefit in any way by his lies.

[muawiyah]

Sure he did. He purchased “good will” (on the part of the other folks on the board who have a fiduciary trust in the community) with his false claim.