White Collar Crimes and Ponzie Schemes

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White collar crimes and Ponzi schemes seem to be happening more often than not in today’s business world. Our text describes White Collar Crimes as a violation committed by individuals and corporations of fraud, bribery, theft and conspiracy to commit (Melvin, S. P. Z Pg. 555(2011) and Ponzi as a fraudulent investment to make investors or profit holders to pay for their own return on their initial investment. Much like they think they are making money on a product that is being sold to customers, clients and consumers but actually, the people who put in initial investment money is just getting back the same thing they put in or other investors are paying for other investors shares and no one is making any profit. However, since the Sabine-Oxley Act came into play in the early 2000’s investors and shareholders have been protected by these types of schemes and avocations. According to an article on Overcoming Administrative, Procedural and Evidentiary Hurdle’s in Ponzi Scheme Litigation by Weiss & Daghbandan , the unfortunate reality the come with a Ponzi scheme is bankruptcy and unsecured creditors clamoring for their money back and demanding the fortitude (Weiss & Daghbandan, Pg. 641 2012) of the person the wrong them. Reference (Melvin, S. P. (2011). The legal environment of business: A managerial approach: Theory to practice. New York, NY: McGraw-Hill/Irwin Weiss S, Daghbandan N. OVERCOMING ADMINISTRATIVE, PROCEDURAL AND EVIDENTIARY HURDLES IN PONZI SCHEME LITIGATION. Golden Gate University Law Review [serial online]. June 2012;42(4):641-655. Available from: Academic Search Complete, Ipswich, MA. Accessed October 5,

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