Big Dirty Money: The Shocking Injustice and Unseen Cost of White Collar Crime,Used

Big Dirty Money: The Shocking Injustice and Unseen Cost of White Collar Crime,Used

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Taub explicitly and persuasively places the breakdown of enforcement and accountability in the context of money and class.'The New York TimesHow ordinary Americans suffer when the rich and powerful use tax dodges or break the law to get richer and more powerfuland how we can stop it.There is an elite crime spree happening in America, and the privileged perps are getting away with it. Selling loose cigarettes on a city sidewalk can lead to a chokehold arrest, and death, if you are not among the top 1%. But if you're rich and commit mail, wire, or bank fraud, embezzle pension funds, lie in court, obstruct justice, bribe a public official, launder money, or cheat on your taxes, you're likely to get off scotfree (or even win an election). When caught and convicted, such as for bribing their kids' way into college, highclass criminals make brief stops in minimum security 'Club Fed' camps. Operate the scam from the executive suite of a giant corporation, and you can prosper with impunity. Consider Wells Fargo & Co. Pressured by management, employees at the bank opened more than three million bank and credit card accounts without customer consent, and charged late fees and penalties to account holders. When CEO John Stumpf resigned in 'shame,' the board of directors granted him a $134 million golden parachute.This is not victimless crime. Big Dirty Money details the scandalously common and concrete ways that ordinary Americans suffer when the wellheeled use white collar crime to gain and sustain wealth, social status, and political influence. Profiteers caused the mortgage meltdown and the prescription opioid crisis, they've evaded taxes and deprived communities of public funds for education, public health, and infrastructure. Taub goes beyond the headlines (of which there is no shortage) to track how we got here (essentially a postEnron failure of prosecutorial muscle, the growth of 'too big to jail' syndrome, and a developing implicit immunity of the upper class) and pose solutions that can help catch and convict offenders.

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