Word: parolee
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We are officially in a recession now, but we may still think back upon a happier economic time for instruction: prosperous, distant 2005. In that year, two executives of the multi-national manufacturing firm Tyco received prison sentences for stealing hundreds of millions of dollars from the company for various...
Kozlowski was arguably the most high-profile executive crook of this millennium, but he had plenty of company, in crime and punishment. The top players at Adelphi Communications and Worldcom were also convicted of fraud, and saddled with imprisonments from 15 to 25 years. These sentences are certainly not insignificant...
Consider that the multi-billion-dollar scale of Enron executives’ criminal conduct and its destructive effect on innocent people dwarfs the ant scam; however, former CEO Jeffrey Skilling received just 24 years in prison, and two of his associates (and accomplices) could win parole after just five years...
Obviously, the United States need not go as far as China by executing these hucksters, nor should it react so sensitively as Latvia, where simply bringing up the financial crisis in a public setting can earn you two years in jail. Yet the U.S. justice system can at least make...
We usually turn away from scenes like the one in Englewood, a fabled slum on the South Side of Chicago. On 70th Street and South Yale Avenue, a grandmother lay dead by the front door of her house; her adult son had been killed moments before by a shot through...