Consider a non-violent, white collar crime. Bernie Madoff for instance. He bilked billions from people. Say instead of being sentenced to jail, he was merely barred from any type of financial dealings, and forced to repay his victims. Would justice have been served?
The issue then would be deterrence, it would you could try your luck, in which case you could win really big, but if it didn't work out it wouldn't really matter because you wouldn't have lost anything that you had in the first place.
