From USA Today, via Cof list serv. White-collar criminals routinely avoid hundreds of millions of dollars in court-ordered restitution by schemes such as transferring assets to relatives, a Government Accountability Office study said Thursday. ...In the cases the GAO examined, it found that white-collar criminals used a variety of tricks to thwart collection. Among them: Shifting bank and brokerage accounts to family trusts and foundations. Suspects did so after they were arrested but before they were sentenced. Bodes well for conservative causes, when you think about the all the CEOs under indictment.
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March 04, 2005
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