The Golden Age of White Collar Crime | HuffPost Highline


33 bookmarks. First posted by hecavanagh 15 days ago.


OVER THE LAST TWO YEARS, nearly every institution of American life has taken on the unmistakable stench of moral rot. Corporate behemoths like Boeing and Wells Fargo have traded blue-chip credibility for white-collar callousness. February 15, 2020 at 05:02PM
yesterday by colin.eide
Print this story 1 A Slow-Motion Looting OVER THE LAST TWO YEARS, nearly every institution of American life has taken on the unmistakable stench of moral rot.…
from instapaper
7 days ago by ree
Rampant criminality among the elite.
Fraud  Crime  Taxes  Corporations  Lobbying  SEC  DoJ  FBI  IRS  Regulation  Trump 
10 days ago by Membranophonist
> The criminal justice system has given up all pretense that the crimes of the wealthy are worth taking seriously. In January 2019, white-collar prosecutions fell to their lowest level since researchers started tracking them in 1998. Even within the dwindling number of prosecutions, most are cases against low-level con artists and small-fry financial schemes. Since 2015, criminal penalties levied by the Justice Department have fallen from $3.6 billion to roughly $110 million. Illicit profits seized by the Securities and Exchange Commission have reportedly dropped by more than half. In 2018, a year when nearly 19,000 people were sentenced in federal court for drug crimes alone, prosecutors convicted just 37 corporate criminals who worked at firms with more than 50 employees.

> The Offshore Alert conference takes place in Miami each spring, in London each fall and in “key offshore jurisdictions” all year round. Officially, participants come to discuss “wealth creation, preservation and recovery.” Less officially, the tax lawyers come to learn what the feds will crack down on next year. The government investigators come to fish for future jobs. Imagine a yearly picnic where sheriffs give drug dealers tips on hiding baggies from pat-downs and leave with a new set of endorsements on LinkedIn.

> According to a study by the Federal Judicial Center, four out of five judges in federal courts (where the vast majority of white-collar cases are decided) are white. A 2010 survey found that they have an average age of nearly 70. Their base salary is $210,000 per year.

> In a 2012 review of sentencing data in Florida, researchers found that “high-status” white collar criminals, such as doctors scamming Medicaid, were 98.7 percent less likely to receive prison terms than welfare fraudsters. A 2015 study found that judges showed increasing mercy as fraud offenders moved up the income scale: Criminals who stole more than $400 million got sentences that were less than half of the minimum recommended by federal guidelines. Criminals who stole $5,000 or less served sentences well over the minimum.

> Teenage gang members who argue that they committed crimes due to the culture of the Crips or the Latin Kings receive harsher sentences—stealing money for yourself is bad; stealing money for a criminal organization is worse. Corporate defendants who claim they committed crimes due to the internal culture of Goldman Sachs or HSBC, on the other hand, get lighter sentences—how could an individual possibly be held accountable for something everyone else was doing?
hype  white-collar-crime  inequality  law-enforcement  impunity 
11 days ago by tarakc02
Print this story 1 A Slow-Motion Looting OVER THE LAST TWO YEARS, nearly every institution of American life has taken on the unmistakable stench of moral rot.…
from instapaper
14 days ago by dainiusblynas
RT : I spent the last year looking into America's white-collar crime spree. It's a lot worse than it looks
from twitter
14 days ago by cdonnellytx
Print this story 1 A Slow-Motion Looting OVER THE LAST TWO YEARS, nearly every institution of American life has taken on the unmistakable stench of moral rot.…
from instapaper
14 days ago by johnrclark
OVER THE LAST TWO YEARS, nearly every institution of American life has taken on the unmistakable stench of moral rot. Corporate behemoths like Boeing and Wells Fargo have traded blue-chip credibility for white-collar callousness. via Pocket
IFTTT  Pocket 
14 days ago by colonel2sheds
Print this story 1 A Slow-Motion Looting OVER THE LAST TWO YEARS, nearly every institution of American life has taken on the unmistakable stench of moral rot.…
from instapaper
14 days ago by mauty
We're In A Golden Age Of White Collar Crime via Instapaper https://www.huffpost.com/highline/article/white-collar-crime/
instapaper 
14 days ago by miz
Print this story 1 A Slow-Motion Looting OVER THE LAST TWO YEARS, nearly every institution of American life has taken on the unmistakable stench of moral rot.…
from instapaper
14 days ago by elivz
This is a must-read.
from twitter_favs
15 days ago by zen4ever
I spent the last year looking into America's white-collar crime spree. It's a lot worse than it looks
from twitter_favs
15 days ago by hellbox
OVER THE LAST TWO YEARS, nearly every institution of American life has taken on the unmistakable stench of moral rot. Corporate behemoths like Boeing and Wells Fargo have traded blue-chip credibility for white-collar callousness.
15 days ago by marshallk
RT : I spent the last year looking into America's white-collar crime spree. It's a lot worse than it looks
from twitter_favs
15 days ago by gizmomathboy
OVER THE LAST TWO YEARS, nearly every institution of American life has taken on the unmistakable stench of moral rot. Corporate behemoths like Boeing and Wells Fargo have traded blue-chip credibility for white-collar callousness. via Pocket
IFTTT  Pocket 
15 days ago by schmitz
annnnnd this collection:
from twitter_favs
15 days ago by AramZS
I spent the last year looking into America's white-collar crime spree. It's a lot worse than it looks
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15 days ago by hhollick
I spent the last year looking into America's white-collar crime spree. It's a lot worse than it looks
from twitter_favs
15 days ago by hecavanagh

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