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

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

How ordinary Americans suffer when the rich and powerful break the law to get richer and more powerful--and 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 choke-hold 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 scot-free (or even win an election). When caught and convicted, such as for bribing their kids' way into college, high-class 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 well-heeled 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 post-Enron 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.

Title:Big Dirty Money: The Shocking Injustice and Unseen Cost of White Collar Crime
Edition Language:English
ISBN:9781984879974
Format Type:

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

  • Steve

    Need another book for your post-November 2016 rage reading list? Looking for a companion to Sarah Kendzior's Hiding in Plain Sight? [https://www.goodreads.com/review/show...] Shopping for books to giv...

  • Sahitya

    I got to know about this book because I think I saw the author comment on Twitter about it during some conversation about 45’s corruption and if they’ll ever face consequences. I immediately decid...

  • Scott Wilson

    It's hard to say anymore how mad a given chronicle of political, governmental or corporate greed and malfeasance is even supposed to make you, this deep into our cruel, stupid new century — especial...

  • Ben Rogers

    It was a good read!Very heavy on American companies and Trump (GMC, CITI Bank, Russia). It didn't go into too much detail on things really affecting life in Canada (money laundering, fentanyl, housing...

  • Miguel

    There’s a simple statistic at the beginning of this book that “White Collar” crime costs victims between $300B to $800B per year, dwarfing all other street level crime. And yet Americans arm the...

  • Writemoves

    Pacific Gas and Electric, General Motors, Governor Robert MacDonnell of Virginia, Wells Fargo, Elizabeth Holmes of Theranos, WeWork, Enron, Sandy Weill, Countrywide Mortgage, Ivan Boesky, Sackler's an...

  • Holly Dolezalek

    This book is great. It's depressing, because it shows just how thoroughly the Supreme Court and Congress have created an environment that's thoroughly hospitable to white-collar crime. But it's encour...

  • Flowergarden24

    This was thankfully not very long and rather boring at times however, it very importantly displays the huge levels of corruption in government and business. There are many specific examples and some ...

  • Dylan

    Another great book to get mad at the system in which we live. Unlike groceries, this one is easily fixable and the only ones holding us back are the ones with the money. We live with rampant white col...

  • Leanne Ellis

    This is the criminal justice angle that gets no attention! But why would it since it affects those at the top who just want to take more from the rest of us with impunity? Taub raises the point that n...