White collar crime” is a generic term for crimes involving dishonest business schemes such as commercial fraud, cheating consumers, swindles, insider trading on the stock market, embezzlement. The term comes from the out-of-date assumption that business executives wear white shirts and ties. It also theoretically distinguishes these crimes and criminals from physically violent crimes, supposedly more likely to be committed by “blue collar” workers. In this post, identify a link to an article that describes an alleged [or already proven] “white collar crime”. For example, Bernie Madoff would be considered a “white collar” criminal. Briefly describe the conduct at issue and suggest what you think would be an appropriate punishment for your [alleged or already convicted] ‘white collar’ criminal. Going back to last week’s material re Tort law, who might have the right to bring a civil, tort action against this company/person and how were they harmed?
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