Posted by 101livescan on 4/14/13 4:50pm
Msg #465653

White Collar Crime

I had the rare opportunity to close a loan with a DOJ Criminologist recently in SB who was purchasing her first home.

It was a very interesting signing. We talked about White Collar Crime in the signing/lending business.

White-collar crime is financially motivated nonviolent crime committed for illegal monetary gain. Within criminology, it was first defined by sociologist Edwin Sutherland in 1939 as "a crime committed by a person of respectability and high social status in the course of his occupation". Sutherland was a proponent of symbolic interactionism and believed that criminal behavior was learned from interpersonal interactions. White-collar crime is similar to corporate crime as white-collar employees are more likely to commit fraud, bribery, Ponzi schemes, insider trading, embezzlement, cybercrime, copyright infringement, money laundering, identity theft, and forgery.

It is being done right under our very noses, daily by companies in our industry. When it is done over state lines, it becomes an FBI issue, and prosecution results in time behind Federal penitentiary bars, not necessary in the state where the crime is committed.

Keep you posted, friends.

Reply by HisHughness on 4/15/13 8:15am
Msg #465704

I thought it was a sloppy job by the cleaners on my shirts.. n/m

Reply by Philip Johnson on 4/15/13 9:42am
Msg #465715

That's white collar grime. n/m

Reply by 101livescan on 4/15/13 10:03am
Msg #465721

Re: I thought it was a sloppy job by the cleaners on my shirts..

No, no, no, this is where people drive around in a late model cool car, with the latest makeup, hair thing, makeup, jewelry, styling Macy's, looking like they got the world by the tale, living in nice digs, and they be robbing nice hard working people while they are smiling at you big. You're thinking, gosh, wish I could be just like them, but hold the phone, there is more than meets the eye, my friend. People often not who they "appear to be". Gotta look deeper, sometimes not so deep.

Reply by Frank/NC on 4/15/13 8:19am
Msg #465705

Think of it this way. If you're a high ranking government employee, white collar crime is punished by a promotion and pay raise.