White Collar Crime
from The Poverty Trap Hosted by Joan DeMartin
“The Biden administration is prioritizing the investigation and prosecution of corporate crime and is giving DOJ prosecutors broader power to do so.” The National Law Review, November, 2021 Unless it’s a major Ponzi scheme, we don’t hear too much about what has been dubbed “white collar crime”. And that’s a shame, because it costs its victims and the American taxpayers between $300 and $800 billion a year according to FBI estimates. On the other hand, “street crime”, anything from petty theft to crimes that involve violence and/or loss of life we hear about daily, especially with today’s ever-present, random gun violence. However, it is estimated that the annual cost of street crime (not counting the tragic loss of life) is about a paltry $16 billion by comparison. Get full access to The Poverty Trap at povertytrap.substack.com/subscribe
Embed this episode
No transcript yet.