Criminal Probes and Indictments for White Collar Crimes

By · Sunday, October 5th, 2008

A few months ago I interviewed Jeff, a corporate executive serving a prison term at Taft Camp. A bad investment decision he made on behalf of a publicly traded corporation for whom he worked in Northern California led to an indictment for wire fraud. The corporation notified federal authorities when the investment went bad.

Through his story, Jeff described how acting responsibly resulted in his receiving a prison term of three years rather than the nine years initially threatened by the government. Jeff also discussed his $2 million restitution order and programs available that could have advanced his release date further.

Those who are in the process of responding to a federal indictment may find some value in reading of Jeff’s experiences. His story provides an example of how important it is for defendants to communicate effectively with their defense attorneys.

I’ve interviewed and written about hundreds of people, like Jeff, who are serving time for white collar crimes. In an earlier post on this Blog, I discussed the probability of criminal indictments for wire fraud, mail fraud, securities fraud, and mortgage fraud against those in the banking and financial industry as a result of the crisis in America’s financial markets. My prediction was accurate; a news headline published today that reads “Criminal Probes Likely in Financial Crisis” proved me right.

Those who will face, or who are already facing criminal indictment for white collar crime are well advised to gain a better understanding of their options as they confront the criminal justice system. Jeff’s article-and many others-are included in the Prisoner Profiles topical report series published on, and information describing the criminal justice system and prison life is available in the Confronting Criminal Charges, Understanding Prison, and Thriving Through Confinement topical reports series also published on

The more an individual knows about what is to come, the better prepared they are to make effective decisions and responses.

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