A White-Collar Sentence of 330 Years

Reader Comments

Back to blog

It was rather interesting for me to read that post. Thanx for it. I like such topics and everything that is connected to them. I would like to read more on that site soon. BTW, pretty good design that site has, but how about changing it every few months?

Whitny Pingtown

hot escorts of AL 9:58PM July 06, 2010

Nice blog as for me. It would be great to read a bit more concerning this matter. Thank you for sharing that material.

MarkRight of AL 9:00PM March 09, 2010

recent uncertain cost world added relation partially year

lakeishaso of IL 9:24PM December 11, 2009

GpTPQR

Lgthzkok of MI 10:40PM July 13, 2009

who would honestly be so stupid to commit these crimes if they know they are going to get caught in the long run. Be smart. Jeeze

of NE 10:27AM January 14, 2009

Men like this are entrusted with the fruits of mens labor; it's a sacred trust.

When you willfully steal or destroy the savings and investments of others; the product of their lifes work, you are stealing their years.

Those who violate this trust are scum and deserve no less than a gunshot between the eyes.

Dan Tana of TN 10:58PM May 09, 2008

I guess stealing millions of dollars is worse than taking someone's life. On the other hand, many folks wouldn't or couldn't see the differnce between the two. Bottom line, I think it is good white collar crimes are being taken more seriously. You have to figure at 72 this guy has probably been at the game for quite a while.

Johhn of IN 1:38PM May 09, 2008

I think the judge has it right. If it was murder he was interested in, he'd have already done it. The damage he's done to others is extreme and the actions some may take because of their losses may amount to murder by this criminal. Work hard, save, then lose it all to this poor excuse for a human...

His age isn't a consideration in the sentencing; better to make sure he's punished and never has any opportunity to enjoy a retirement when he's destroyed the life's work of so many others.

Ken 12:22PM May 09, 2008

Why not make him live side by side with the people he stole from and make him pay it back. One person at a time. Plus take everything from him but his ablility to make money. It's sad what money will do to a person!

Ann of TX 10:11AM May 09, 2008

I've seen the damage people like Schmidt do when they are entrusted with other people's investments and end up misusing them. So far as I'm concerned, Schmidt got off lightly.

Good riddance.

detroyes of 12:05AM May 09, 2008

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Back to blog

The Collar

Luke Mullins is an associate editor at U.S. News, covering banking, real estate, and white-collar crime. He came to the magazine from the American Banker, a financial services daily newspaper, after a stint in the Peace Corps in West Africa and 18 months coaching baseball in the Dominican Republic. Mullins earned a master's degree in journalism from Syracuse University in 2005 and now lives in Washington, D.C., where he grew up. He has written about white-collar criminals for the American magazine, and his work was included in 20 Something Essays by 20 Something Writers: The Best New Voices of 2006, a Random House anthology that appeared on the Boston Globe's bestseller list.

advertisement