Thursday, March 23, 2017

White Collar Crimes


My Orchids. Phalaenopsis "Spotted Soul" Photo ET







































This is an excerpt of a remarkable article by Alice BrightSky, senior director of Fordham Law's compliance programs
WhyPeople Commit White Collar Crimes (And How to Stop Them).
… Perpetrators of many white collar crimes were not career criminals who set out to defraud their employers, clients, and shareholders, but rather businessmen and women … who committed criminal acts in response to overwhelming personal pressures.

One felon states … “Most white collar crimes are the cover-ups that come after a bad decision."
Duke University cognitive science professor Dan Ariely digs deeper into the nature of bad decision-making. Among his conclusions were the discoveries that a culture of dishonesty often leads to individual dishonesty, and that the ability to rationalize dishonesty helps promote dishonest acts.
As another expert in behavioral economics and psychology, Daniel Kahneman, … states that …. “the illusions of validity and skill are supported by a powerful professional culture.  We know that people can maintain an unshakeable faith in almost any proposition, however absurd, when they are sustained by a community of like-minded believers.”

Here is the link again to the article:




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