When I was a teenager, I believed that white collar crimes were mostly part of the movie industry.
One of the first movies I saw was “The secret of my success” with Michael J. Fox.
Later, “Disclosure” with Michael Douglas and Demi Moore.
As I was growing up, white collar crimes in real life were becoming more and more obvious. Then, I started studying and made a series of scenarios which at that period of time looked like a fiction story..
One decade later, I started investigating a rumor that in the next years would bring evidence I would never imagine of. Corrupted governments, public servants involved in money-laundering practices.
In the same period, Cyprus and Greece gone bankrupt, based on the worst case scenario I wrote during my Bachelor studies. The scenarios met reality and tracing brought enough evidence.
The journey between assumptions and evidence was an interesting experience that brought me to England, in order to publish the story since London was the only place that could make it happen..
For whoever read Harry Markopolos’ “No one would listen” I could say that the book came to my hands in order to show me that financial crime pays but in the end some of the perpetrators have to pay for all those lives that crashed..
Very few people can understand the power on Ponzi financing and the long-term instability it creates. The time the Cyprus Stock Exchange and the Athens Stock Exchange collapsed, billions of euros disappeared. Those amounts are today (2026) missing money, interest included. So, each 1 billion euros loss in 2000 became around 2 billions of lost euros, in 2010 and 4 billions of euros in 2020. This explains the devaluation in prosperity and the increased poverty both for the Cyprus and Greek economy.
If we convert it to the UK economy, the losses of Northern Rock (around 40 billion pounds in 2008 would be 80 billion pounds around ten years later) and the Royal Bank of Scotland (around 45 billion pounds in 2008 would be 90 billion pounds around ten years later). If we add the amounts given as contribution to the EU black hole treasury (around 100 billions of pounds in a decade) that means that the UK taxpayer lost around 270 billion pounds between 2008 and 2026 in capital and interest. That explains why Keir Starmenr and Rachel Reeves have to deal today with a mission impossible situation, trying to close this gap and in addition explains why Rishi Sunak faced the exact same situation and chose to resign since his team couldn’t perform. Since the situation is extremely complicated, very few people can notice the policies that must be introduced and unfortunately are nowhere, in the administration.
This is my primary role as a Political Scientist, observing and explaining all those policies to people that are not part of my discipline. The boom and bust of Cyprus and Greece were both extremely interesting and painful and at this moment it’s the third time that I live the exact same pattern, here in the UK.
This is my blogspot link where you can locate my past articles regarding white collar crimes: