The Business of White Collar Crime

U.S. Attorney for the Southern District of New York, Preet bahara recently said "What might be most astonishing (and disappointing) is that some of the most outrageous securities frauds have occurred at institutions with seemingly robust compliance programs - at least on paper. They have occurred not at fly-by-night outfits but at prominent and powerful companies. And they have been enabled and perpetrated by the highest-flying money managers on Wall Street.We have witnessed the most educated, successful, and monied professionals in the country put their companies - not to mention their own liberty - at risk by engaging in flagrant and foolhardy illegal conduct". He concluded "Financial fraud has been around forever. My office, which sits only steps from Wall Street, has been prosecuting white collar crime since its foundation more than 220 years ago, and we are busier than ever".
It is estimated that a great deal of white-collar crime is undetected or, if detected, it is not reported. Many believe for years, white collar criminals routinely received a "slap on the wrist" - sentences of probation, or at worst a prison term measured in months, not year and they eroded people's faith in the financial system. In the wake of corporate scandals at Enron, World Com, Tyco and Global Crossing, there's little doubt that serious corporate crime warranted serious sentences that could deter future fraud of that magnitude.Some believe the government has been getting tough on White Collar crime, others not so much.
thumbnail image: politicker

[@gwyneth7812]

Street 'gangs' are portrayed in hoodies etc. The biggest criminal gang's outfit is a suit.

[@Onenutttkillla]

And those who call themselves politicians

[@gwyneth7812]

@@Onenutttkillla Yes and sadly the police, it seems too.

[@dunklhof]

Perhaps you could lower the volume on the music so I can really understand the speaker

[@MrKewlhanz]

This is true from the highest positions in the land to the smallest towns.Its all about who you know.And might makes right instead of corrective intentions ruling the day.I am so sick to my stomach with all of this.Know Money Know Justice,No Money No Justice!

[@GrimHovelStudios]

Mister Zen Buddha - Of course, the real crime is that you weren't able to pack another fifteen or twenty cliches into your comment!

[@MrKewlhanz]

@@GrimHovelStudios those are the applicable ones. People who coined those phrases did so for us and future generations. We have been fighting corruption for a very long time. Now buzz off. The grown folks are talking.

[@NesquikTheMan]

Ah yes. That one in a few documentaries that has the music louder than the voice.

[@DavidRios-nj2nv]

It's good to know! Thanks for sharing.👍

[@TheKeithvidz]

where i am they were jailed for an airport money scandal and a prime minster was jailed on another case - but just temporarily.
In 2018 south korea jailed its president Park.

[@brandenb3093]

i disagree largely with the idea all felonies should be treated the same for the same amount of time. it would be better to say that someone gets the same amount of time sentenced for the same crime..

[@TheBooostt]

There would be a massive list all up!

[@BMWPROGRAMMINGJAMAICA]

What about Jamaican top shotta's crime?

[@BMWPROGRAMMINGJAMAICA]

What about Black collar crime, Jesuit collar crime, Police collar crime & Racist collar crime, Top Pedophile crime?

[@1tired_teacup]

Diagnose BMW
white collar crime and blue collar crime refer to middle/upper class and working class crime respectively. "White collar" refers to the white shirt collars worn in business and "blue collar" refers to the polo shirts worn by those in factories, retail etc.

[@jarrodyuki7081]

yep.

[@lynnpayton9250]

They are not above the Law

[@beataannanowak659]

so many of them are omg you have to have a good boring life

[@fatherabove8817]

They are not above the laws of the land,THEVIES

[@benitocintron6164]

Yet the pigs in America don't harass them

[@vanessabaez6692]

I worked in the White Collar Crime Unit of the Fbi in the White Building.

[@ericlifee7485]

Vanessa Palmer whats up

[@stevenlavomar9653]

Smash

[@angellromanjr7554]

The Almighty Dollar is their Lord Goddard than The Almighty God to command to take what they can give

[@Kat.k8268]

Swooooooooosh

[@TheoGarza]

Swwwwwooooosh

[@tombouie]

Thks

[@MansaKDoumbia]

So true

[@wilhelminaleonard-winn8568]

PTL! It doesn't matter only to the Lord! Rev 2:23 & Revelation 21:8 🔥 Jesus Coming! JSL Holy Ghost! JSL{NPKJV}@4400 *(JSL)*

[@telecallingdatabaseonlyrin1796]

bad news

[@primoz.benedicto3572]

URRRRAAA OPPPPOO OPPPPPO IKKKI SAKAREPMU KUY ALLAH AKBAR ALLAH AKBAR ALLAH AKBAR ALLAH AKBAR ALLAH AKBAR ALLAH AKBAR ALLAH AKBAR PUTIN GOD willing to meet his worshippers