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Clearly the aim was to force the site operators into bankrupcy. The actual amount of the fine is, to a certain extent, irrelevent. As bankrupts, those people will (assuming it works the same as it does in the UK) for forever barred from being directors of companies, or engaging in many other types of business, will have extreme difficulty getting credit, and experience numerous other financial issues which will be with them for the rest of their lives. It seems an overly-harsh penalty to me.
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