A white-collar prison roundup

From Ponzi schemes to insider trading, here's what 11 infamous financial inmates did, plus where they're doing time and how much of it they've got left.

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VIDEO ON MSN MONEY

125Comments
Jul 28, 2014 7:54PM
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If you know or should know that your fraudulent actions will destroy others life savings....well then....you should be destroyed.
Jul 28, 2014 7:33PM
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We haven't scratched the surface yet here in the US. 
Jul 29, 2014 7:38AM
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Our entire economy is filled with white collar sociopathic criminals, Only a tiny percentage have been arrested and convicted. Economies should work for the populace not a select few billionaires and their pawns.
Aug 3, 2014 10:21AM
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Give a man a gun and he'll rob a bank. Give a man a bank and he'll rob the world.
Aug 3, 2014 8:31AM
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White collar criminals are no different from any other scum. The only difference is they get much lighter sentences and better conditions in prison if they go. Grand theft is grand theft and Joe Schmoe gets sentenced and serve more time. They are also branded for life as a convicted felon. Then in most cases money can by your way out of the legal system. That is the only real fact.
Jul 29, 2014 8:17AM
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It's not enough. They should be hung.
Jul 28, 2014 7:51PM
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Considering the fees charged to manage 401(k) investments it seems odd that anyone would put them self in a position to be jailed - not when there is a legal way to steal just as much.
Aug 3, 2014 8:58AM
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Better build a extra large jail before you start arresting them in Washington DC cause the place is crawling with them .
Jul 28, 2014 7:23PM
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At least Iran does one thing right!

Aug 3, 2014 8:59AM
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Remove the incentive. Take everything from those that make an effort to lie, falsify and manipulate. The families of those that do those things should be on welfare by the time its over and the perpetrators of those crimes should go to the same prison as some meth dealing, wife beating, bank robbing, house breaking tweeker. Whatever assets that do not get seized should pay for court costs and jail.  
Aug 3, 2014 12:39PM
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The term white collar crime should be dropped from our vocabulary.  A crime is a crime!

When a man robs a liquor store with a gun to pay the rent, feed his family or feed a drug habit there is a chance for rehabilitation - need and desperation drove him.

But when someone runs a Ponzi scheme, violates the securities law to defraud investors, or steals your identity, the motivation is pure greed. You cannot grow a conscience, but you can fake it for the parole board.

Our country's legacy is that we used to hang horse thieves, but the land grabbing ranchers that burnt out their poor neighbors to build the great fortunes of the 19th century,  have towns named after them.

In China and Iran, they recently executed billionaires for "white collar" crimes. While the death penalty might be inappropriate, so are light sentences for identity theft, embezzlement, and insider trading. Only the big news worthy criminals get harsh sentences.  The office worker that stole $100,000, or the credit card thieve that stole your identity are not getting severe sentences.



Aug 3, 2014 3:04PM
Aug 3, 2014 9:00AM
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Our prisons wouldn't hold them all if they put any effort at all into it like the IRS did with the tea party.......
Jul 28, 2014 8:35PM
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Write or e-mail your congressman to stop obama's immigration fiasco!  Last chance!

Main stream media and obama are supporting hamas.

Aug 3, 2014 1:20PM
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Steal millions or billions and they give you easy time in a club-fed--but sell loose cigarettes on the street and they kill ya.
Aug 3, 2014 10:01AM
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Who has actually masterminded the biggest schemes in the Country's history? Congress! But, they got elected to do this for you and to you. Obama is now having a hay day doing this.
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This is what capitalism has to offer the working class—mass poverty, accompanied by ever more bloody wars and increasing political repression.

The working class can halt this attack and defend its basic social rights—to a job, a decent wage, nutrition, education, health care, pensions, access to culture—only by mobilizing its vast social power in a political struggle against both parties of Wall Street and the ruling class whose interests they slavishly defend.

Too many Americans are unaware of the extreme disparities that have been caused by the unregulated profit incentive of capitalism. Our winner-take-all system is flailing away at once-healthy parts of society, leaving them like withered limbs on a trembling body, even as the relative few who benefit promote the illusion of opportunity and prosperity for all. Concerned citizens armed with facts are not fooled. Instead, the more they learn the angrier they get. And as in revolutions of the past, discontent leads to change
Aug 3, 2014 10:10AM
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The Koch-heads should be on this list.
Aug 3, 2014 3:35PM
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Jesse Jackson Jr. and spouse not mentioned, Ray Nagan along with a former governor or two left out. MSN obviously thinks diversity is a one way street, politicos and blacks not mentioned.
Aug 3, 2014 9:46PM
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What about all the crooks Slick Willie Clinton pardoned in his final days in office? Most of them were big financial backers and/or fund raisers for him, his politically ambitious wife or the Democratic National Committee.
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