White-collar crime?_其他_趣味英语-查字典英语网

White-collar crime?

“If we continue to fail to punish (tycoons) for one reason or another, our society has no future,” the prosecutor said at the hearing at the start of February, demanding a nine-year prison term and 150 billion won (S$165 million) in fines for Kim.

The recent history of criminal sanctions against chaebol heads could be said to lend credence to this view. A recent analysis by chaebol.com noted that not one of the seven heads among the top 10 chaebol sentenced to prison since 1990 has served jail time.

The business leaders, from Samsung Group, Hyundai Group, Doosan Group, Hanwa Group, SK Group and Hanjin Group, collectively received 22 years and six months in prison for crimes ranging from tax evasion to embezzlement. All, however, were given suspended sentences initially, later followed by a presidential pardon.

- Is Korea soft on white-collar crime? AsiaOne.com, March 7, 2017.

2. The U.S. government is losing the war against white collar crime.

That’s the message from Sam E. Antar, one of the masterminds of the massive Crazy Eddie fraud of the 1980s.

“We are in the golden era of white-collar crime. My biggest regret is I should’ve been a criminal today rather than 20 years ago,” Antar told CNNMoney on the sidelines of a New Jersey securities fraud summit. Antar drew a big round of applause when he pointed out that no one from Wall Street went to prison because of crimes that led to the financial crisis.