Robo signers committed fraud, they were supposed to study over each case they signed off on for foreclosure to make sure all the necessities were in order to be able to foreclose.
MERS is more than just a case of fraud though, it also a entails grand theft charge for all those home that were taken from the fraud that was perpetrated against them.
In the UK and Hong Kong they also have a charge of corporate manslaughter.
If a corporate crime in any way had influence upon a persons death, said corporation can be charged with corporate manslaughter.
Think of all the people that have committed suicide over the loss of their homes, and the cold hard fact is, the banks had no legal rights to forclose, created by their own design (MERS) to protect their own greedy asses.
Criminology when referring to corporate crimes is the crimes that have been committed by the corporation or the persons involved with the day to day working of the organisation. This means that in the eyes of the law, a corporation is treated as an individual entity and any crime committed by the corporation may lead to imposition of penalties against it as well as the directors in charge of managing the company.
White collar crime refers to highly placed individuals in the upper echelons of a company that deliberately bend the law for their personal profit realisation. In this case the corporation is held accountable for the behaviour of its employees and may face restrictions as well as heavy fines. The majority of white collar crimes are committed out of greed rather than conceit.
The punishment for corporate fraud is generally a fine, and imprisonment ranging from 6 months to 10 years. It is difficult to detect corporate fraud, as people generally do not leave any trace of evidence, being masters at what they do.
