What does it say about us that when a man steals $100 worth of stuff in a C store he will spend time in jail, but when a man in a suit lies, cheats and steals hundreds of millions of dollars in ill gotten gains and tax breaks funded by the very people he stole from ends up in our government?
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Have you seen our current gov't administration? It's one giant cesspool of corruption, greed, and grifts. Even if Frankie Ball---k got pinched, he's good buddy would give him an immediate pardon.
https://www.govexec.com/oversight/2025/10/bisignano-draws-scrutiny-his-former-company-falters/409196/
these days no body spends time in jail dude. I get what your saying we want FB and crew hung out to dry but it not going to happen.
There can always be shady side..,employees have to go thru all the security and fraud training ..but at the C suite level hmmm they seem to have found ways around all those rules
White Collar Crimes
In 1939, the term ‘white-collar’ crime was coined and is now a name for a full range of frauds committed by government officials as well as business professionals. The crimes under ‘white-collar’ are committed through concealment, deceit, violation of trust, and do not necessarily include the threat of violence or physical force.
The motivation behind a white-collar crime is to make a financial gain. These crimes are committed in the hopes of obtaining or to avoid the loss of property, money, services, or to secure a business advantage. There are always victims involved with the white-collar crime, and they can be destroyed by the actions of the criminal.
The victims of white-collar crimes can be a family, company, business, or corporation. The scam or crime committed against them could wipe out a savings account, or cost corporate investors billions of dollars. The loss suffered has the potential to devastate the victim. Fraud schemes performed under the white-collar crime title are becoming more sophisticated, and some have even gained the attention of the FBI.
White-collar crimes are non-violent crimes that will directly or indirectly allow the criminal to make a financial gain. A person or persons accused of these illegal activities are generally involved with a financial business or the government. The category of white-collar crimes can also include individuals or small groups, and some of these may not even know they have broken the law. State and federal governments have an enormous body of law revolving around financial crimes, which makes it difficult for some to understand and follow.
White-collar crimes do not have a specific definition on the law books, and they were coined this name by Edwin Sutherland, a sociologist in 1939 when he gave a speech before the American Sociological Society in Philadelphia. He used this term when talking about how police focus their attention on the ‘lower class’ and ignore the actions or crimes being committed by businesses and professional men. He referred to these people as captains of finance and industry and merchant princes. These ‘robber barons,’ he described were the ‘white-collar’ criminals of the nineteenth century.
Sutherland’s ideas were used to form the laws regarding white-collar and financial crimes to this day. The FBI (Federal Bureau of Investigation) has simplified the definition of these crimes as though involving; stealing, cheating, and lying.