History Main / WhiteCollarCrime

30th Sep '17 7:09:40 PM Njein
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* While [[Film/WallStreet Gordon Gekko]] was inspired by many corporate raiders of the 1980s, it was Ivan Boesky who served as the basis for this character, including the famous "Greed is good" line. Boesky made his fortune in corporate takeovers, some of which were brazen, with massive purchases occurring only a few days before a corporation announced a takeover. Although this was illegal at the time, prosecutions were rare until Boesky was prosecuted for insider trading, earning him a prison sentence of 3 and a half years and a fine of $100 million, forcing him to cooperate with the federal government and testify against Michael Milken, a Wall Street financier known for funding hostile takeovers. Although he was released after two years, Boesky was permanently banned from working in the securities industry, combined with a tattered reputation.
** In addition to the above, this is how Drexel Burnham Lambert was brought down, due to the machinations of Michael Milken, the junk bond king. He was known in the industry for financing leveraged buyouts, including that of Kohlberg Kravis Roberts' run on RJR Nabisco. After Boesky decided to inform on Milken, Rudy Giuliani, an aggressive US Attorney who made his name going after the Italian Mafia, decided to probe Drexel and Milken. For two years, Drexel denied any criminality, but Giuliani won't have any and threatened to press racketeering charges on Milken. He was indicted for racketeering and securities fraud in 1989 in an insider trading investigation. As the result of a plea bargain, he pled guilty to securities and reporting violations but not to racketeering or insider trading. Milken was later sentenced to ten years in prison (later reduced to 2 years due to good behavior and testifying against former associates), fined $600 million, and permanently barred from the securities industry by the SEC. And although Drexel managed to avoid a RICO indictment, its reputation was shattered to the point that it was forced to declare bankruptcy protection at the urging of the NYSE, the Fed and the SEC in 1990. And if that wasn't worse, it gave leveraged buyouts and speculative-grade debt ("junk-rated" bonds) a bad name.
* While [[UsefulNotes/TheMafia the American Mafia]] has its hand in traditional bread-and-butter crimes such as extortion, murder-for-hire, illegal gambling, protection rackets and narcotics trafficking, it also made forays into crimes such as labor racketeering, political corruption, money laundering, Ponzi schemes and stock fraud.
8th Sep '17 6:05:38 PM angie710
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The supertrope of StealingFromTheTill, PennyShaving, FakeCharity, FourOneNineScam, and {{Ponzi}}.

to:

The supertrope of StealingFromTheTill, PennyShaving, FakeCharity, FourOneNineScam, and {{Ponzi}}.
{{Ponzi}}. If a religious organization is used as a means to scam people out of money, see PathOfInspiration.
25th Aug '17 11:55:10 AM angie710
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The supertrope of StealingFromTheTill, PennyShaving, FakeCharity, 419Scam, and {{Ponzi}}.

to:

The supertrope of StealingFromTheTill, PennyShaving, FakeCharity, 419Scam, FourOneNineScam, and {{Ponzi}}.
25th Aug '17 11:54:57 AM angie710
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The supertrope of StealingFromTheTill, PennyShaving and {{Ponzi}}.

to:

The supertrope of StealingFromTheTill, PennyShaving PennyShaving, FakeCharity, 419Scam, and {{Ponzi}}.
12th Jul '17 4:57:42 AM hszmv1
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** As pointed out elsewhere on this various wiki, the US Tax forms have a box specifically for money that was gained through illegal ventures and specifically for this reason. All it says is that some of your money is dirty and this is how much and what the government should get from it. As long as the IRS doesn't ask about the nature of the crime, it's not self incrimination.
21st May '17 11:31:51 AM BWHComics
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[[folder:Webcomics]]
* In ''Webcomic/TheLettersOfTheDevil'', Rita Carey is accused of running a Ponzi scheme.
[[/folder]]
7th Jan '17 10:50:59 AM Discar
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->''"White collar crime doesn't count!"
-->-- Michelle Darnell, ''The Boss''

to:

->''"White collar crime doesn't count!"
count!"''
-->-- Michelle Darnell, '''Michelle Darnell''', ''The Boss''
29th Nov '16 3:21:11 PM res20stupid
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* This is part of the Auntie Shu Boys questline in ''VideoGame/WatchDogs2'' [[spoiler: and how the BigBad is taken down]]. The ASB are accessing the ocean cables to get insider knowledge on the New York Stock Exchange and are using it for their own financial gain, which makes them enemies of [[AntiHeroTeam [=DedSec=]]]. [[spoiler: They were given access by Dušan Nemec, Blume's CTO after he used the Bellwether system to play the stock markets in 2007 (also causing the 2007 Financial Crisis) as an early beta test for Blume. Exposing this gets Dušan arrested in the ending.]]
17th Nov '16 9:54:57 PM Chabal2
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* ''ComicBook/ThePunisher'':
** One arc has Frank go up against totally-not-Enron, culminating in blowing up a boat that held their major stockholders (they shouldn't have pointed out that they weren't ''really'' criminals, compared to the murderers and rapists he kills on a regular basis). It also introduced the AffablyEvil Barracuda (the CEO's go-to guy for delicate problems), who proved so popular he got his own miniseries.
** In ''ComicBook/WelcomeBackFrank'', Mr. Payback is introduced shooting up a board meeting after listing the crimes the executives were guilty of. What he didn't know was that he accidentally killed an innocent cleaning lady during the attack, putting him on Frank's list.
17th Jun '16 3:58:56 PM Da1tonTheGreat
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->''"White collar crime doesn't count!"
-->-- Michelle Darnell, ''The Boss''
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http://tvtropes.org/pmwiki/article_history.php?article=Main.WhiteCollarCrime