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White Collar Crime

Ex-GE Bankers Sent To Prison For Screwing Cities

Reuters | Posted 12.18.2012 | Business

* Defendants sentenced to three- and four-year prison terms * Three were charged as part of US probe of muni market * Ap...

The Burrowing Bandit and Sentencing in America

The Morningside Post | Posted 12.11.2012 | Crime
The Morningside Post

Besieged with daily reports of brutal rapes, murders, and violent robberies, Americans still love stories of criminal slapstick. But the most recent episode of "America's Dumbest Criminals" ended in tragedy, not farce, exposing grotesque failures in the American criminal justice system.

Oversight: Why Congress Needs to Back the Securities and Exchange Commission

Sanjay Sanghoee | Posted 11.17.2012 | Business
Sanjay Sanghoee

For the SEC to do its job properly, it needs adequate resources, and for that it needs the support of Congress. To understand why the budgetary issue is so important, and why the SEC deserves more funding, let's look at the trajectory of the Commission since the Madoff scandal.

One Man's Alleged Scheme Caused An Entire Bank To Fail

AP | Posted 10.25.2012 | Business

NORFOLK, Va. — A southeast Virginia developer and restaurateur is facing up to 20 years in prison after pleading guilty to federal bank fraud ch...

It's Criminal, not Ethical

Jim Selman | Posted 10.12.2012 | Business
Jim Selman

If we presume to be a society living under the 'rule of law' then we need our laws to be consistent and enforced uniformly. We need to strip corporate leaders of any 'shield' to their responsibility to follow both the letter and the intent of the law.

How Peregrine Financial Got Around A Law Designed To Prevent Corporate Fraud

Reuters | Posted 09.28.2012 | Business

By Kevin Drawbaugh and Dena Aubin July 29 (Reuters) - When Peregrine Financial collapsed earlier this month, a nagging question resurfa...

Ex-Bank Of America Exec Indicted Over Muni Bid-Rigging Scheme

The Huffington Post | Alexander Eichler | Posted 07.23.2012 | Business

Hard times at BofA right now. But then, it's kind of always hard times for BofA, isn't it? The latest dust-up for Brian Moynihan's problem child invol...

CEO And Mistress 'Pillaged' Company

AP | Posted 07.12.2012 | Business

BRIDGEPORT, Conn. -- A former chief executive of mattress manufacturer Latex International was sentenced Tuesday to nearly six years in prison for emb...

Why White Collar Criminals Belong On The Street

Bloomberg View | Susan Antilla | Posted 07.05.2012 | Business

Bloomberg View: Rajat Gupta, the former McKinsey & Co. chief and pal of imprisoned inside trader Raj Rajaratnam, has one goal after being convict...

Attorney Receives Record Sentence For Insider Trading

Reuters | Posted 08.04.2012 | Crime

NEW YORK, June 4 (Reuters) - A U.S. lawyer who worked for some of the country's most prestigious firms was sentenced on Monday to a ...

Lawyer Gets Record Sentence For Insider Trading Scheme

Reuters | Posted 08.04.2012 | Business

NEW YORK, June 4 (Reuters) - A lawyer whose inside information the government alleged fueled a 17-year-long insider trading scheme was sentenced on ...

How Financial Criminalization Crashed Economy, Goes Unpunished

Charles Ferguson | Posted 07.22.2012 | Business
Charles Ferguson

It is no exaggeration to say that since the 1980s, much of the financial sector has become criminalized, creating an industry culture that tolerates or even encourages systematic fraud.

Don't Believe the Hype on Corporate Bribery

Brandon L. Garrett | Posted 07.02.2012 | Crime
Brandon L. Garrett

Corporations can be prosecuted as criminals and every year some get convicted of crimes. However, over the past decade the government has not stepped up corporate crime enforcement. In fact, the evidence is to the contrary.

R. Allen Stanford: What's Next?

Michael Santos | Posted 05.12.2012 | Crime
Michael Santos

I was in my early 20's when a jury convicted me, and I faced a possible sentence of life. If Stanford struggles with his conscience, as I did, he will feel alienated from society in ways that aggravate the pain.

Marcus Baram

Wall Street's All-Star Legal Team Prepares For Battle With Federal Task Force

HuffingtonPost.com | Marcus Baram | Posted 02.09.2012 | Business

If you work on Wall Street and you observe some illegal shenanigans, make sure you call up the right Financial Fraud Enforcement Task Force. Over t...

Top 5 White Collar Criminals Ever

Newsone.com | David Moye | Posted 01.13.2012 | Crime

As the world's eyes turn to Wall Street as a source of financial distress, maybe its time to look at the corporate criminals who have decimated our fi...

Let Kozlowski Out of Prison!

Michael Santos | Posted 12.25.2011 | Politics
Michael Santos

Justice cannot be measured solely with the turning of calendar pages. An enlightened society such as ours does every citizen a disservice when it inflicts the iron hand more characteristic of Draco.

Judicial Duplicity: It's Worth Protesting

Michael Santos | Posted 12.24.2011 | Crime
Michael Santos

Citibank admitted to selling mortgage bonds under fraudulent pretenses, but the government goes easy on the mighty banks of Wall Street.

Occupy Reality TV: We Need a Cops-Type Show for Corporate Criminals

John Eskow | Posted 12.20.2011 | Comedy
John Eskow

We need a Cops type show for big-time criminals -- the thieves and swindlers who have robbed innocent Americans of their money, their homes, their hope, and their self-respect.

Man Convicted Of Running Bogus $100 Million Bank Over His Computer

The Huffington Post | Posted 11.16.2011 | Crime

Money doesn't grow on trees and you can't print it on your computer either. That's the lesson Danny Ray Hardin, 52, learned Wednesday in Kansas Ci...

To Stop Corruption, Fight the Power, Not the People

Michelle Chen | Posted 10.29.2011 | World
Michelle Chen

Absolute power corrupts absolutely, and in a world where the gap between the powerful and powerless grows wider each day, corruption in political and economic institutions spreads much faster than shame.

Former San Francisco Attorney Indicted For Running Ponzi Scheme

Aaron Sankin | Posted 09.10.2011 | San Francisco

With the stunning indictment that came down on his head late last week, Robert Tunnell Jr.'s days as a high-flying lawyer-turned-investor have likely ...

Conrad Black To Report Back To Prison In September

AP | Posted 09.10.2011 | Chicago

CHICAGO — A federal judge says former media mogul Conrad Black must head back behind bars in two months. A sentencing order released Monday say...

Former Citigroup Vice President Charged With Embezzling $19 Million

Posted 08.27.2011 | Business

NEW YORK (Jessica Dye) - A former vice president at Citigroup Inc was charged with bank fraud on Monday for allegedly embezzling more than $19 mil...

Crime in Decline? Not Necessarily

David O. Friedrichs | Posted 08.16.2011 | Business
David O. Friedrichs

We have experienced recent major waves of white-collar crime, and have reason to believe that such crime -- with many devastating consequences -- may well be on the rise.