Word: collaring
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Dates: during 1980-1989
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Labelled an independent on the City Council, the late mayor represented his traditionally blue collar, conservative neighbors for 10 years, but not without paying a price...
...penalty, one of the toughest ever for embezzlement, is part of a federal crackdown on white-collar crime. Said Judge Thomas: "The fact that you used multiple frauds to obtain millions from your own banks warrants a sentence comparable to one that would be imposed on a person who uses violence to obtain a far smaller amount of money from one of your banks...
...Thayer case was fairly unusual in the annals of corporate crime because it resulted in a stiff penalty. Of the 9,900 white-collar offenders sentenced last year, 60% received no prison term. Those sent to jail typically serve one year or less. In contrast, an estimated 70% of defendants convicted of all kinds of felonies go to prison or jail. Prosecutors and critics of the courts maintain that business crime is on the rise because corporate crooks have received such lenient treatment...
...Economic Crime Council, made up of top law-enforcement officials, to "target, identify, prosecute and convict" people who commit financial crimes. The result has been a shift in priorities for Government crime busters. In 1970 only 8% of the criminal cases pursued by federal authorities involved white- collar offenses, but that figure rose to 24% in 1984. The Justice Department brought 20 cases last year against insider traders, in contrast to only five in 1982. Budget constraints, however, have hampered the fight against corporate crime. Says Assistant Attorney General Trott: "We could put three times the number of agents...
Advertising's defenders say that the old starchy ways served a limited clientele. "Blue-collar people with an injury feel more comfortable about calling when they've watched an ad," says Miami's Philip Auerbach. His firm spends $3 million annually on advertising and gets back eight times that much in resulting fees. That kind of return, added to last week's Supreme Court decision, bodes ill for those already tired of listening to lawyer pitchmen. "The only way to sell legal ads," warns Auerbach, "is to beat the clients over the head so they scream your name in their...