White-collar crime is often a complicated web of missteps and deception that can sometimes take considerable time to untangle. People who have been involved in white-collar or financial crimes in Tennessee may not realize or care just how much of an impact their choices have had on victims, their place of employment and even their own reputation.
The consequences for someone who has been convicted of being involved in a white-collar crime can range from serious fines to time served in prison. For many perpetrators, the resulting consequences they face cause them to lose their job and can completely paralyze any hopes of a stable career in the future. For other perpetrators, they may lose the trust of people who were unaffected from a financial standpoint by their fraudulent activity, but simply unimpressed and appalled by what has happened.
According to the Harvard Business Review, one professor focused solely on the mentality of a handful of white-collar criminals. His finding suggested that often, those involved in white-collar crimes fail to recognize the depravity of their choices. They are blind to how their decisions will negatively affect so many other people. Self-reflection is rarely something they participate in and as such, fail to recognize that their choices affect more people than just them.
Forbes magazine suggests that people can rebuild trust, but that it takes considerable time and consistency. Perhaps the most critical step that perpetrators must take in rebuilding the trust that other people have in them, is to take full responsibility for the mistakes they made and avoid placing blame on outside factors. They should also make an active effort to pay restitution for their wrongs and demonstrate that they are committed to being better.