White-Collar Crime In America

The video discusses the rise of white collar crime, including embezzlement and fraud, despite a decline in prosecutions over the past decade. It highlights the shift in FBI focus post-9/11, leading to increased financial crimes. Personal stories, such as that of Jeff Grant, illustrate the human impact and the existence of support groups. The economic burden on taxpayers is significant, with COVID-19 exacerbating fraud cases. Government efforts to combat fraud include a DOJ task force, but the personal toll on offenders is severe, involving isolation and fear of being caught.

What is one reason for the decline in white collar crime prosecutions over the past decade?

• Increased focus on violent crimes

• Lack of evidence

• Public disinterest

• Economic downturn

Who are often the perpetrators of white collar crimes?

• International spies

• High-profile celebrities

• Political leaders

• Ordinary professionals and parents

What was Reverend Jeff Grant's crime related to?

• Disaster relief fraud

• Tax evasion

• Ponzi scheme

• Insider trading

How much did the Consumer Financial Protection Bureau complaints increase during the pandemic?

• They nearly doubled

• They remained the same

• They tripled

• They decreased

What action did the Department of Justice take in response to COVID-19 related fraud?

• Hired more judges

• Increased taxes

• Launched a task force

• Reduced penalties