I’m willing to bet the overwhelming majority of white collar crime goes undetected.
Detection is probably difficult, and the agencies charged with investigating and prosecuting are likely over worked.
Detection is probably difficult, and the agencies charged with investigating and prosecuting are likely over worked.
So, yah much there's much white collar crime going on, from a grand at a time to a few millions. I'm not surprised.
The only break you get is when one of the parties makes a mistake like using company networks to conspire or sours on the deal and rats everyone out. Then you get to roll them all up.
Also, using cut outs like family members or trusts create reasonable cause for doubt unless their is overwhelming evidence that the arrangement was fraudulent, no matter how obvious it seems on the face of it.
One bank had guys in the IT department work for a couple of months then quit, one after the other, apparetly after having stolen 'enough' money (whatever that means to a thief). Rinse and repeat, till their company got called in. That bank's systems were apparently that bad.
I always wondered whether it was that the bank had no proof of the theft or an image thing where they could not afford to go after them because customers would lose confidence in them.
Should be fine for those with tax returns that are simple enough to understand. Not so much for those that choose complicated financial structures.