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White Collar Crime

Getting Tough on Devastating Corporate Crime

Ralph Nader | Posted 05.22.2013 | Business
Ralph Nader

Ironically, it's many of the same politicians who say they are "tough on crime" that are collecting millions of dollars in campaign money from the biggest crooks in America.

Mark Gongloff

Eric Holder Should Probably Read This | Mark Gongloff | Posted 03.13.2013 | Business

While Attorney General Eric Holder and the media fret about whether to charge banks with crimes and risk harming innocent people, the Attorney General...

Former Execs Sentenced To 20 Years In Prison In Major Ponzi Scheme

Reuters | Posted 02.14.2013 | Business

(Reuters) - The final two defendants convicted for helping the former Texas billionaire financier Allen Stanford swindle investors were each sentenced...

Peter Madoff Gets 10 Years In Prison For Role In Ponzi Scheme

Reuters | Posted 12.20.2012 | Business

NEW YORK, Dec 20 (Reuters) - Peter Madoff will serve 10 y ears in prison for his role in his older brother's multibillion-dollar Ponzi scheme, a U.S. ...

Hedge Fund Accused Of Weight Watchers Insider Trading

Reuters | Posted 02.06.2013 | Business

* US looking at possible insider trading in early 2011 * Weight Watchers shares doubled during the period under review ...

This May Not Seem So Funny Anymore

AP | TOM LoBIANCO | Posted 01.30.2013 | Business

INDIANAPOLIS — An Indiana financier and former chief executive of National Lampoon convicted of swindling investors out of about $200 million wa...

$5 Million Bail?

Reuters | Posted 01.26.2013 | Business

By Emily Flitter and Basil Katz NEW YORK, Nov 26 (Reuters) - A former SAC Capital portfolio manager was released on $5 million bail on...

10 Bankers Thrown Behind Bars

Posted 10.24.2012 | Business

Ex-Goldman director Rajat Gupta is going to jail for two years for insider trading, where he'll be joining some of his former peers. There’s the...

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 | 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 | 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.