To implement something like this, you would need a radical change in judicial and criminal systems.

Something along the lines of any white collar crime worth more than say 10 annual local median salaries, would require a rehabilitation program (if convicted) that would start with full asset seizure (absolutely everything) and a minimum of 10 years real community service (live-in junior janitor at an Alzheimer's outpatient institution with minimum wage and limited access to internet and smartphones). The community service could easily be extended to 20, 30 or 40 years depending the on the severity of the crime.

You would also need to get rid of various "get out of jail free" laws and make it easy to organized criminals and send them to rehabilitation programs.