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News items related to white collar crime

Senior Research Fellow Randall Shelden presents at ASC Conference 2012
On November 17, 2012, CJCJ Senior Research Fellow Randall G. Shelden presented at the American Society of Criminology Annual Conference in Chicago, IL. In the session titled The Politics of Punishment and Correction , Professor Shelden discussed his comparison of corporate crime to gang activity.  Please access his PowerPoint presentation attached below. In addition, Professor Shelden has written about this issue extensively on CJCJ's blog, in a series entitled Is Wall Street a gang? …
Wall Street is without a doubt a gang
A new report by two noted experts on corporate crime reinforces my contention in the previously posted four part series called "Is Wall Street a Gang?"   The report is "White Collar Criminology and the Occupy Wall Street Movement" co-authored by Henry Pontell and William Black.  It has just been published in the latest issue of The Criminologist , the newsletter of the American Society of Criminology. Pontell and Black argue that the frauds committed by some of the largest financial…
Corporate Crime [video]
CJCJ's Senior Research Fellow, Randall Shelden, discusses his recent blog series "Is Wall Street a gang?" in this video blog. Read the whole series here: Part I: Part II: Part III: Part IV: To view Randall Shelden's…
Is Wall Street a gang? Part IV
The record of criminality within the boardrooms and offices of American corporations continues with no abatement. Their behavior fits the profile of a "street gang."   While not every corporation is literally housed on "Wall Street" they nevertheless are listed on the New York Stock Exchange.  And the SEC -- the cops of Wall Street -- continues to be quite busy, as are federal courts.   Here are two recent examples:   ~ "Twenty Nine Dead and Alpha Gets a Non Prosecution Agreement" -- so…
Is Wall Street a gang? Part III
As the "Occupy Wall Street" movement continues all across the country it seems to me to be increasingly important to bring to the forefront the horrific crimes perpetrated by corporations and their representatives. The extent of their criminality was partly documented in the first two parts of this series. I say "partly" for a good reason: there are more examples and the examples go back more than a hundred years. The extent of corporate crime was noted in a now classic study by Edwin…
Is Wall Street a gang? Part II
Not too many would note the irony that while police make hundreds of arrests for relatively minor offenses (e.g., disturbing the peace) -- which usually end up being dismissed in court -- within the confines of the buildings high above the "Occupy Wall Street" protesters there is rampant criminality.  I mean this literally, for over the years the "top 1%" has indeed engaged in some of the worst crimes, destroying millions of lives while raiding the U.S. treasury of trillions of dollars.  As…
Is Wall Street a gang? Part I
By now just about everyone has become aware of the social movement known as Occupy Wall Street .  It has occurred to me that one of the justifications for this movement is the massive amount of fraud committed by various corporations that constitute what is known as "Wall Street" in addition to crimes linked to specific individuals rather than corporations. I am in the middle of updating my book on gangs  and in the process have included a discussion of what exactly is a "gang" and it…
BP Oil - The Plot (and oil) Thickens
Is there any end in sight to this criminal act?  My previous blog focused on the fact that this was a case begging for a criminal indictment.  I neglected to mention the fact that BP Oil, along with the entire oil industry, has figured out methods of living off the public dole. As reported in the New York Times recently the platform were the oil rig was sitting on is owned by a company called Transocean a company that had moved its corporate headquarters from Houston to the Cayman…
BP Oil Spill -- Where's the Arrest?
Where is the arrest warrant?  Where is the indictment?   An ordinary economic crime -- burglary, auto theft -- gets immediate attention, cops putting handcuffs on suspects, booking at the local jail, an appearance in court. A crime of the magnitude as the gulf oil spill gets apologies, explanations, excuses, etc. along with checks for those who have lost homes and businesses, jobs, etc.    But 11 people died and at least 17 have been reported injured.  And the costs keep increasing.   One …

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