A former administrator of the NYC based Head Start educational program has plead guilty to embezzlement of federal money. He can be sentenced to a maximum of a decade in prison for funneling more than a half-a-million dollars from the program's funds into shell companies.
A lot of financial crimes are coming to light in New York City. Traditionally "white collar" criminals haven't been punished for their crimes with the same severity that other types of crimes have attached to them. It is becoming apparent that the proliferation of white collar crimes is causing financial distress in the city. The question is: How will the legal system respond?