A country club is a slang term for a federal prison that those convicted of "
white-collar crimes often serve their sentences. These types of federal prisons are different in many ways than typical jails and/or prisons in that they can have many amenities such as those of country clubs and other exclusive environments. Most inmates are very wealthy and are usually prominent businessmen/corporate executives, stock traders/investors, or tycoons who have been convicted of such felonies as
insider trading,
embezzlement, money laundering, and/or other "big business" crimes. Politicians convicted of non-violent felonies while in public office, usually serve time (if sentenced to prison ) in "country clubs, also.
The CEO of a large national
savings and loan institution has recently been
convicted of
embezzlement and securities fraud involving $120 million. He and two other executives were involved in the scandal. It looks like they will be doing some time at the country club for a while.