Commerce and Crime
The Bottom Line
BBC
4.6 • 615 Ratings
🗓️ 20 June 2019
⏱️ 28 minutes
🧾️ Download transcript
Summary
From Somali pirates who've turned kidnapping into a global enterprise to cybercrime and fraud - the worlds of business and wrongdoing potentially have much in common. Clever criminals build business empires and fraud is sometimes carried out by well paid workers at legitimate companies. What the two worlds can have in common is a pursuit of profit and a series of apparently rational calculations. Evan Davis and guests explore why some bright, talented people try to get rich the wrong way, while others manage to do it within the rules.
Guests
Barrister, Sara George, a partner at Sidley Austin LLP Michael Corrigan, Chief Executive at Prosper 4 - a training and recruitment firm for former prisoners and Dr Anja Shortland, Reader in Political Economy at King's College, London.
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. |
| 0:05.2 | Hello and welcome to the programme. |
| 0:07.2 | And we have an unconventional programme today, looking at business and crime. |
| 0:11.9 | Now, you might think that means we're asking how business should prevent itself being a victim of crime. |
| 0:16.1 | But no, we're taking a rather different tack, looking at two sides of a coin, how crime can be |
| 0:21.5 | remarkably business-like and how business can sometimes be criminal. There are parallels between |
| 0:27.8 | these two worlds of crime and business, and our goal today is to draw them and ask what makes |
| 0:33.7 | some people go legit and others down the wrong route. Well, it's a good topic, |
| 0:39.3 | a timely one, with the rapper Jay-Z, just becoming a billionaire, according to Forbes magazine. |
| 0:44.7 | He has spoken about learning the tricks of business in some early dodgy trading on the streets. |
| 0:51.6 | Well, I have three guests with interesting views and experience on this topic. |
| 0:57.4 | First up is Barrister Sara George, partner at the law firm Sidley Austin. And Sarah, |
| 1:02.2 | you've been on the program before talking about why companies do bad things. Just remind us of your |
| 1:07.4 | legal ex-specialism. I'm a specialist in international criminal investigations into financial crime. So I'm very interested in how businesses commit crime |
| 1:15.4 | and also how criminals become like businesses. Right. And so you would basically call |
| 1:20.1 | yourself someone in the air of white collar crime, presumably. It's not drug dealers or |
| 1:23.9 | gangsters. It's, it's... No, although the sources of some of the money can be of that sort, yes. |
| 1:29.3 | And do you find there's a fuzzy line between the world of crime and business? |
| 1:34.1 | I mean, I have drawn the line quite sort of two worlds and we're looking at the parallels. |
| 1:40.2 | But is there much crossing between that? |
| 1:42.4 | In my world, they are one and the same. |
| 1:44.7 | And particularly, international criminality like money laundering requires a whole army of professional enablers, like lawyers, accountants, bankers. |
... |
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