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Infographic: Top 10 Famous White Collar Crimes
<p>Top 10 Famous White-Collar Crimes<p> <p>Sure, white-collar criminals wear sharp suits and drive fancy cars but don’t be fooled, their crimes hurt society like any other shadowy and illegal conduct. Here are the top ten white-collar crimes that affected thousands, ruined them financially and stole their piece of mind. </p> <p>Number 10, Marcus Schrenker Financial Corporation Owner After failing to inform seven investors of high fees for changing annuities, Schrenker lost millions in pension funds from his three financial companies. </p> <p>Number 9, Jack Abramoff National Lobbyist In cheating a casino’s gambling interest out of close to 85 million dollars in feed, Abramoff pled guilty to tax evasion, conspiracy and fraud. </p> <p>Number 8, John Rigas Adelphia Communications John Rigas and his sons were caught in a scandal that saw them using millions for personal use, falsifying earnings and hiding billions in liabilities. </p> <p>Number 7, Dennis Kozlowski Tyco International Dennis Kozlowski and the companies’ C F O Mark H Swartz, were accused of theft of over 150 million dollars from Tyco International. </p> <p>Number 6, Charles Ponzi The O G Receiving large investments in the 1920’s, Ponzi would buy large quantities of discounted postage coupons and then move money around by paying old investors’’ with newer investors’ money. </p> <p>Number 5, Ivan Boesky and Michael Milken Insider Trading In the 1980’s, Michael Milken’s company, Drexel Burnham Lambert Inc., convinced clients to invest in high-yield investments called junk bonds to help with managers and acquisitions. </p> <p>Number 4, Bernie Madoff Ponzi Scheme After decades of deceiving investors, Bernie Madoff pulled a Ponzi scheme enabling him to swindle 65 billion dollars. </p> <p>Number 3, Martha Stewart In stock trading scandal Hearing that her stock was dropping, Martha Stewart pulled close to 4,000 shares out, only avoiding a small loss of 45,673 dollars. </p> <p>Number 2, Bernard Ebbers In stock trading scandal In a bad move of acquisitions, Bernard Ebbers WorldCom experienced a terrible loss which Ebbers tried to compensate for by changing the books and artificially inflating stock prices. </p> <p>Number 1, Kenneth Lay and Jeffery Skilling Enron Through consecutive institutionalized fraud, millions were directed to Enron’s executives and traders for personal gain. </p> <p>Each one of these individuals made a decision to steal, commit fraud or cheat in order to gain at the expense of others. With a degree in Economic Crime Management, YOU could help prevent these situations from happening! Be a hero to society by pursuing a career in justice. </p> <p>Each one of these individuals made a decision to steal, commit fraud or cheat in order to gain at the expense of others. With a degree in Economic Crime Management, you could help prevent these situations from happening! Be a hero to society by pursuing a career in justice. </p> <p>Utica College www.utica.edu </p>