Corporate Executive Criminal Conviction: American Commercial Colleges Student Name
May 4, 2015
Corporate Executive Criminal Conviction: American Commercial Colleges Employees have a responsibility to do what is ethically expected and legally required, but often allow the thought of profit maximization overcome them. Doyle Brent Sheets, the one-time President of American Commercial Colleges, made an unethical decision that not only impacted his life, but the lives of many students that trusted him and relied on ACC to provide them with a quality education. Sheets falsified financial records of ACC in an effort to remain eligible for Federal Student Aid. As a proprietary college, American Commercial Colleges holds a corporate social responsibility to the families of the students that attend its college and Doyle Brent Sheets ultimately took away the opportunity to have its students funded by Federal Student Aid. Sheets committed a white collar crime, known as government theft, and Team D is going to discuss the charges and the outcome of Sheets’ sentence.
Criminal Charges and Outcome
White collar crime is still a crime with severe penalties. In consequence of Sheets unethical decision he faced a slew of criminal charges as well as penalties of monetary fines. There is a myth that defendants convicted of white collar crime do “easy time”, this is not true. While many sentences for white collar crimes are served in minimum security institutions, there is no guarantee that the person convicted will always be in a minimum security prison. Defendants without a significant criminal record may be sentenced to probation, or a jail sentence far shorter than the maximum, they may have fines levied against them and may be required to pay restitution to their victims. In consequence of Sheets unethical decision he faced a slew of criminal charges as well as penalties of monetary fines. Both was the...
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