White collar crimes are business crime, crimes that violate trust and are

committed for monetary gain or in an attempt to not lose money.

The Federal Bureau of Investigation is a government agency that
investigates financial crimes. CLICK HERE to access the FBI’s web page
on white collar crime.

In the table below, there are a few white collar crimes listed. After
reviewing the link above, give an example of each white collar crime listed.

Money Laundering Drug trafficking

Investment Fraud Ponzi/pyramid schemes

Ponzi Scheme Bernie Madoff's Ponzi Scheme

Pyramid Scheme BurnLounge

Promissory Note Fraud Michael E. Kelly

Commodities Fraud Forex fraud

Broker Embezzlement Enron

Market Manipulation JP Morgan

The Securities and Exchange Commission is a government agency that

protects investors, and maintain fair, orderly and efficient markets. They
strive to promote a market environment that is worthy of the public's trust.

Business Education with Denie Leigh © 2019

 Even though white collar crime often does
not result in physical harm or personal
injury, it is harmful to a person’s money,
investments, personal property, and
family’s assets which could be
devastating. White collar crime can leave
long-term marks on an individual or family.
To access a link on high profile white
collar crimes CLICK HERE

Using the SEC web resource from the link above, give a briefing of the
following high profile cases…..
Enron The CEO of Enron was covering up billions in debt from
the board of directors. Eventually, the SEC investigated
the company and he was sentenced to 24 years in
prison.

Worldcom The CEO of Worldcom, Bernard Ebbers, worked to cover

up the company's debt in order to deceive possible
investors. Ebbers was sentenced to 25 years in prison.

Bernie Madoff Madoff created a successful investment firm using false

trading reports. When he got caught he pled guilty to 11
federal crimes. He was sentenced to 150 years in prison
along with a fine of $170 billion.

HealthSouth Richard Scrushy falsified over $2.7 billion in profits over

6 years. He was acquitted of charges related to this but
was later sentenced to almost 7 years in prison for
bribery.

The world was shocked when the SEC filed charges against Martha
Stewart for insider trading.
Click on this LINK to find out about the SEC filings on Martha Stewart.
What exactly did she do wrong?

Business Education with Denie Leigh © 2019

She had a stock broker on the inside give her classified information to give her an advantage
in the stock market. This was especially bad since she was the CEO of a public company.

Research the meanings of the following white collar crimes on the web
and give a brief meaning using your own words.

Insider trading Using confidential information to create an advantage for

themselves while participating in the stock exchange.

Larceny Stealing someone's belongings

Forgery Creating an illegal copy of a document, signature, etc.

Counterfeit An illegal copy of something that holds value, such as money

Business Education with Denie Leigh © 2019