Financial Services Industry
Industry: Email Alert RSS FeedTough tack needed for white-collar criminals.(Editorial)
Investment News, March, 2005
Byline: Jim Pavia Apparently, crime does pay. White-collar criminals are evidently treated as a higher class of thieves after they are caught stealing money from investors and shareholders, and looting their respective companies. It has been well documented that the confidence in corporate America has continually been shaken to the core by the various scandals that have been uncovered.
There is an old saying: "If you do the crime, you must do the time.'' However, while many executives are being nabbed for committing white-collar crimes, a recent study shows that they aren't paying their debt to society. A Government Accountability Office study released this month is the latest in a series pointing to problems with the Department...
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