Just for the record: VPNs in the US are the most commonly used foils to conceal credit card fraud -- I deal with this on a daily basis. So, judicial extraterritorial warrants don't seem to be the real issue here
With regard to phishing and bank fraud that is a (or the) real problem. Dumb shits open zip attachments in their email and load trojans. You cannot imprison all the dumb shits in the world -- we do not have the prison space.
Back in Ben Franklin's days they had debtors prison, slavery was legal, they hung horse thieves and burnt witches at the stake -- so that Ben Franklin quote is taken out of context and irrelevant.