The stakes in this case are raised because the FBI and U.S. prosecutors are involved (not just the SEC) meaning criminal charges and jail time come into play for those involved.

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Did the criminal go to jail?

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That gets at the heart of what the Judiciary Committee said it was examining Wednesday: Are current laws enough to adequately enforce proper trading practices at hedge funds, or do they need to be strengthened to improve prosecutors' chances of bringing winning criminal cases that result in jail terms?

FORBES: Hedge Hogs

On its face it was fatuous given that Galant's behavior constituted an administrative offense for which one pays a fine, rather than a criminal offense for which one goes to jail.

CENTERFORSECURITYPOLICY: Democracy strikes back

This week Mr Berlusconi received yet another criminal conviction (for bribery), complete with jail sentence.

ECONOMIST: The Berlusconi problem

In the end, Granick negotiated the criminal charges before trial from felonies, which carry jail time, down to misdemeanors with a probation sentence.

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While the criminal trial may result in some defendants going to jail, the civil trial is where the court will rule on returning monies that were obtained illegally.

FORBES: Galleon Insider Trading - A Case of Misplaced Loyalty?

In their transforming bedroom, with Stephanie sleeping beside him, unaware that she was bedding down with a criminal, Kendall lay awake for hours, jittery with visions of jail time and perp walks and the loss of his children.

NEWYORKER: Great Experiment

Homosexuality has gone from being a criminal offense that could, and did, send writer Oscar Wilde to jail in England, to a comic staple in movies and TV shows, to a subject of serious constitutional study.

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Tanzi faces even more jail time — nearly another 18 years — on a conviction of fraudulent bankruptcy and criminal association in the 4 billion euro bankruptcy.

NPR: Knox Case Puts Italian Justice Under Scrutiny

Some pay-day lenders reportedly threaten to use the criminal justice system to prosecute delinquent borrowers for writing bad cheques, a crime that carries a jail sentence in many states.

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In May 2005 he was found guilty of criminal conspiracy (references to terrorism were dropped) and given four-and-a-half years in jail.

ECONOMIST: Torture and deportation