SOC208H5 Chapter Notes - Chapter 2: Chief Financial Officer, Andrew Fastow, Mail And Wire Fraud
Document Summary
A psi is prepared by a federal probation officer whenever an offender is convicted in federal court. Conviction records give us only offenders who are unlucky or careless enough to get caught. Detection is a big problem in the study and control of white-collar crime. Andy fastow former chief financial officer , sentenced to prison. Ken lay convicted of fraud, died before he was sentenced. White-collar offenders are most likely, white males in their 40s. Whites are grossly underrepresented among common criminals and overrepresented among white-collar criminals. White-collar offenders are better educated and more likely to be employed than common criminals. Most white-collar offenders have only a high school diploma, and a substantial proportion of them could not count on steady employment prior to their offenses. White-collar criminals are mainstream and law-abiding criminals. Thought not to have prior criminal records. Bribers and bank embezzlers have less extensive criminal histories than the people who make false claims or commit mail fraud.
