SYSK Selects: How White-collar Crime Works

# How White Collar Crime Works

This episode dives into the world of white collar crime—the kind of fraud and deception committed by people in positions of trust rather than violent street criminals. Josh and Chuck explore everything from insider trading and embezzlement to Ponzi schemes and corporate malfeasance, tracing how these crimes evolved from the 15th century carrier's case all the way to modern-day prosecutions like Enron and Bernie Madoff. They examine why white collar crimes are so hard to detect and prosecute, how they affect everyday people through ripple effects like price hikes and job losses, and debate whether modern sentencing has swung too far in the other direction by punishing corporate criminals more harshly than in the past.