White collar crime is as old as business itself, with the pioneers of the art form resorting to crude measures to bilk others out of their hard-earned currency. One of the earliest recorded white collar crimes on record included an importer who, after taking out a loan to acquire goods for sale, planned to fake a shipwreck and make off with the goods and money. Now, plans to steal money have only grown more sophisticated, with scammers coming up with new and innovative ways to part people from their money. With insider trading, kickbacks and money laundering marring the reputation of corporations both small and large, some are coming to associate Wall Street with organized fraud and unchecked corporate greed.
Via USC
