Wednesday, February 3, 2016

Arizona Rep. Debbie McCune Davis proposes white-collar crime registry

STATE CAPITOL, PHOENIX – Rep. Debbie McCune Davis, D-Phoenix (District 30), introduced a bill that would establish a registry of convicted white-collar criminals in Arizona. The registry would be maintained by the attorney general and would make available to the public information about an offender’s convictions and victims.

“This registry would serve, first and foremost, as a tool for consumers. It would give consumers the opportunity to know whether the people they do business with have a history of illegal and harmful behavior. Informing Arizona’s consumers empowers them, makes them safer and makes them more effective economic forces,” McCune Davis said.

Residential mortgage and securities fraud, business or commercial fraud and money laundering are all among the offenses that would require registration with the attorney general. Offenders would be listed on the registry for ten years following a first conviction, an additional ten years for a second conviction and for life after subsequent convictions. The registry would be publically accessible and may serve to deter potential white-collar crime.

“Giving consumers easy access to the identities of white-collar criminals should also deter potential crime before it takes place. Everyone except white-collar criminals is better off if we know exactly who those criminals are,” McCune Davis said.