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White Collar Crime

Five Reasons Why Progressives Should Read Crime Fiction

Kenneth Wishnia | Posted 06.11.2014 | Books
Kenneth Wishnia

Let's face it: some of the most ideologically committed people rarely read fiction, even socially conscious fiction, which means they're only getting part of the story.

Accidental Crook: A Guide to Handling Almost Any Legal Snafu

Jack Garson | Posted 05.11.2014 | Business
Jack Garson

Everybody makes mistakes. Smart executives avoid them when they can and swiftly fix them when they can't.

The New American Hustle

Robert Kuttner | Posted 04.11.2014 | Politics
Robert Kuttner

Watching the film American Hustle, we can enjoy a sublime, over-the-top '70s show, as well as some civic satisfaction that some corrupt officials actually went to prison. Meanwhile, the ultimate American Hustlers are still on the street, laughing all the way to the bank.

The High-Stakes Insider Trading Trial of Mathew Martoma

Margaret McLean | Posted 03.12.2014 | Crime
Margaret McLean

District Court Judge Paul Gardephe is presiding over what the government has called "the most lucrative insider trading scheme ever charged." As the prosecution launches its case-in-chief, the following is what to expect at trial.

With Marijuana Legal, New Criminal Class Needed

Daryl Rowland | Posted 01.25.2014 | Comedy
Daryl Rowland

Market research shows that the largest growth sector for illegal behavior is in corporate management. Prison owners hope to tap into that fertile market by appealing to local municipalities to get white collar criminals into the system early, where they can become lifelong customers.

If 'Stop and Frisk' Is Such an Effective Tactic, Why Not Use an Electronic Version on Potentially Corrupt Bank CEOs?

Steven Strauss | Posted 01.23.2014 | Politics
Steven Strauss

Executives refusing to waive Fourth Amendment rights would be fired (or not hired). If this seems draconian, recall that innocent New Yorkers who refuse to be Stopped and Frisked -- risk arrest and jail.

Readers Fight Back

David Protess | Posted 01.23.2014 | Chicago
David Protess

As I begin a third year blogging for The Huffington Post, a bouquet to readers who have posted comments below my ramblings. Some of you have agreed wi...

I'm a Piper, You're a Piper: 10+ Stupid, Illegal Things We Did in Our 20s

Candace Walsh | Posted 10.19.2013 | TV
Candace Walsh

Orange is the New Black isn't just popular because it's good. The fascination often comes from the knowledge that viewers are one bitter ex's dime drop away from getting in trouble for things they did when they were young, arrogant, and filled with bravado.

Riches to Rags: The Bungee-Jumping Entrepreneur

Jack Garson | Posted 09.24.2013 | Business
Jack Garson

Entrepreneurs are constantly bungee-jumping their way through life. Some bounce back. But others lose everything when that cord snaps. Yes, some risk-taking makes fortunes. But you need to manage that risk, especially once you've made a bundle.

Daddy's Been Arrested

Marty Kaplan | Posted 05.31.2013 | Crime
Marty Kaplan

At 6 a.m. last Friday, the FBI arrested Michael S. Steinberg, a 41-year-old stock trader for New York hedge fund SAC Capital Advisors, at his $8 million Manhattan co-op.

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

HuffingtonPost.com | 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...