Well, the good news coming out of all of the latest cases of corporate malfeasance is that at least some law-breaking executives are finally going to prison.

The latest: A. Alfred Taubman, the 78-year-old former chairman of Sotheby’s Holdings Inc., a man who made the bulk of his wealth through the development of shopping malls across the U.S.

The Wall Street Journal reports today [Ed.: Link requires registration and/or subscription.] that Taubman will begin his “one year and one day” sentence for auction price-fixing on August 1 at the Federal Medical Facility in Rochester, Minn., the facility having been selected with Taubman’s purportedly failing health taken into consideration. (Taubman was also slapped with a $7.5 million fine.)

Taubman’s plea before the U.S. Circuit Court of Appeals for the Second Circuit failed to gain the real-estate mogul a new trial. “The appeals court ruled that Mr. Taubman’s ‘knowledge of and participation in the conspiracy to fix prices was not established by circumstantial evidence; it was established by direct evidence,’” the Journal reports.

You know . . . it couldn’t have happened to a more deserving fellow.

By the way, Taubman’s second-in-command, former Sotheby’s chief executive officer, Diana D. “DeDe” Brooks, in April was sentenced to six months of home detention, along with a $350,000 fine and 1,000 hours of community service.

We can’t wait to see the next all-too-deserving crook move into his new quarters.