White collar crimes in the US

The pace of white-collar crime investigations and prosecutions in 2011 showed no signs of abating. The Securities and Exchange Commission promoted the filing of a record 735 enforcement actions in the past fiscal year.


The Justice Department and S.E.C. continue to aggressively pursue overseas bribery cases under the Foreign Corrupt Practices Act, while the demise of futures brokerage firm MF Global generated a multi-agency investigation of the loss of more than $1 billion in customer money.

The S.E.C. has been criticized for not being aggressive enough in pursuing cases from the financial crisis. The one area where it has been largely immune to criticism is in its pursuit of insider trading. Hardly a week goes by without an announcement of a new case, with 57 actions filed in the last fiscal year.

For years, white collar criminals routinely received a "slap on the wrist" - sentences of probation, or at worst a prison term measured in months, not years. A current sentencing regime is a reaction to that, and to the damage that major fraudsters do to the economy.

Without a doubt, they erode people's faith in the financial system. When people fear that they're investing in a scam, they're a whole lot less likely to invest at all.

In the wake of corporate scandals at Enron, World Com, Tyco and Global Crossing, there's little doubt that serious corporate crime warranted serious sentences that could deter future fraud of that magnitude.

Watch this video on our website: http://www.presstv.ir/Program/281230....

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  News & Politics

[Kevin DeVore]

The white collar criminal has the cloak of credibility. The suit and tie can be deceiving as compared to the thief on the street that is waving a gun.

[Arachnoscribe]

Thank you...

[Dikotomii D]

Always keep up with the surnames of these *white collar* criminals. You will definitely begin to see a pattern when you do.

[BabylonsKing]

Hey we had one Disslike, Who in the Hell let Jamie Dimon VOTE on this Video??? Great Job on this Post and it is Video's like this that make the difference even if just a few people who are in the dark finally take a look at and realize what's what on Wall Street and the Corruption it WREEEEEKS IN DAILY, You've done your Job...Thanks Danny and Susan for reporting so lets See Jerk Offs Like BLANKFEIN AND DIMON and the REST OF THEM IN PRISON PERMANENTLY!!!

[lord fec]

crony capitalism isn't capitalism !! its engineered financial fraud leading to perpetual debt slavery for the 95%.....by design

[Daniel P. Starling]

Ripple Affects FTW!

[eyewitness043]

"The structuration of Crime - Criminal acts are committed according to class" -Dr. Amos Wilson

[rdiaz978]

its many white collars CEO's free and untouchable, the real problem and the real control of others

[WheepingWillow2]

how would I get ahold of this reporter Schechter

[Louloe]

Great Report!