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Replying to @paddiofurniture this choice at 27 years old helped lead me to prison when I was 33 years old. #prison #whitecollarcrime #fraudtriangle

@whitecollaradvice
10.2K views527 likes2:54ENAug 25, 2026
586 words3094 characters34 sentencesReadability: Middle School

Transcript

Very few people wake up and say today is the day I'm going to commit a white color crime and flush my life down the toilet, ruin my reputation, and eventually serve time in federal prison. Indeed is the cliche holds into slippery slope. My bad decisions or I crossed over to the other side when I was 27 years old while working at Bear Stearns. At the time I was involved in a partnership where I would get 25% of the commissions. In other words, if you called in to do a trade and the commission was $100, I would get 25%. That was fair when I joined the partnership. But six months into this partnership, I had brought in some climbs that were generating $100,000 a month in production every single month. And it was consuming my day every day. And after six months or so of working on these accounts full time, I did what any of you should do when you want to raise. You don't go in because you need it. I need more money. I need a better car. I need a better house. It's because you've earned it. So I walked into my senior partner's office and I showed him the data, namely that my production mourns a raise from 25%, perhaps not to 50, but to 3/8. And instead of giving me a raise, he began to take credit for my work. Have any of you had people take credit for your work long days, toil in a way, and they take credit for it, steal your work, it's sickening to the day I die will bother me. So instead of giving me a raise for the massive amounts of production that I was bringing in, he took credit for my work. He didn't appreciate me. He never said thank you. From there, I went rogue. I went dark and I crossed the line. I went to the other side as you wrote. Instead of resigning or starting a new or leaving the business, I rationalized there was no other way for me to get whole, except taking commissions and violating our partnership agreement. In other words, the next time a client called in to do a trade, and in this case, it was a $1,000 commission. Instead of taking 25% from which our partnership agreement stated, I found a glitch in the system that enabled me to keep 100% of the commission. If you want to cheat hard enough, you'll find a way. I felt pressure that he didn't recognize me for the long hard days. I rationalized the unfairness that I was working in a sickening brokerage industry that took advantage of young people like me that were tard and of course you can never go to prison unless you seize an opportunity and I seized an opportunity to enrich myself with commissions that I had not earned in violation of this partnership agreement. After I violated that agreement and stole, there was no going back and of course years later I turned the other way on behalf of a client who was running a fraudulent hedge fund and those decisions with the hedge fund eventually sent me to prison, thrown reality in truth. It was the bad decisions I made when I violated that partnership agreement with my senior partner. I should have left the partnership. I started over and said I cheated. I didn't think there was another way, but there's always another way.