White collar crime essay

White collar crime essay

White-Collar Crime Essay,Motivations, consequences and punishment for white-collar crime

WebWhite Collar Crime, Its Factors, Theories, and Deterrence Methods words | 3 Pages In , the phrase “white-collar crime” was coined by American sociologist Edwin WebWhite-collar crime is considered to be a highly serious form of crime in the United States, next in significance only to face-to-face violence. According to the U.S. Bureau of Justice WebEssay Writing Service It is certain that white-collar crime will cause direct and indirect victimization but recognition is needed in identifying its offences; for instance, corruption WebDefinition Of White Collar Crime “White Collar Crime” was first defined by Edwin Sutherland in , ‘as a crime committed by a person of respectability and of high WebApr 11,  · Raising the knowledge of white-collar crime is very vital for a number of reasons. As such, white-collar crimes have been identified as serious problems to ... read more

The crimes committed usually consist of fraud, insider trading, bribery, embezzlement, money laundering, identity theft or forgery. In a looking glass of a sociologist, we can see white collar crime in our everyday world. When it presents itself; the victims are left hurt and the rest in awe of their awful actions. White Collar Crime can be seen in the Libor Scandal, as a prime example. White collar crime is prevalent and brought to our attention more and more by the media since the mid to late s. With the downfall of companies such as Enron, Tyco Toys and WorldCom MCI white collar criminals are facing lengthy prison sentences. Greed and personal vendettas are what have led our country to understand and gain more knowledge about these corporations and the corrupt CEOs that have brought them to their demise.

White-Collar Crime consists of occupational crime and corporate crime. Occupational crime refers to offences committed against legitimate institutions businesses or government by those with "respectable" social status. It includes the embezzlement of corporate funds, tax evasion, computer crime and expense-account fraud. It is not every day that we hear about white-collar crimes but these non-violent crimes are on the rise to the top. White-collar crime is relatively a new idea. It has many aspects that are practical for study and further interpretation to clear some of its dark areas. White-Collar Crime was once introduced by Edwin Sutherland in during his speech in American Sociological Society.

The following crimes actually performed are Bribery, Extortion, Insurance, Fraud, Embezzlement, Cybercrime etc. People who participate in these criminal activities are highly powerful and respectful among the society. The following activities include description about White-collar Crime, Investigation of White Collar Crime and The Consequences of committing a White-collar Crime. We like every other person in this world, when we hear the word crime; we automatically get an image of a person from a low class in a bad neighborhood and coming from a troubled family. However, who knew that those who are educated and coming from a wealthy family can also pertain to the world of crime and mischief. We as human beings tend to also be judgmental, assuming that only unprivileged men have a drive to commit an offense against the law then a prosperous individual.

Nevertheless, it is not our evil doing that we are regularly pushed to foresee this problem this way, especially not when it is the media, the government, and the media are the ones who painting this picture for us. The Federal Bureau of Investigation defines white collar crime as. White-collar crime is defined as the financial motivations of non-violent crimes that are committed by professionals of business and those of the government. In the field of criminology, Edwin Suthelan , a socialist who was the first person to define white-collar crime as a crime that respectable and those people of higher social status commit.

The crimes include those associated with fraud, bribery, embezzlement, cybercrime, money laundering, theft of the identity and many more crimes that are nonviolent. For the white collar crimes, the offenses committed should produce some gains financially. The crimes are thereby committed by those persons holding various positions in businesses or organizations, and it is because of this position they can gain access to amounts of huge money that they get from the people like customers with whom they serve. The criminals involved are not caught in activities that are violent, involved in drug issues or illegal activities. White collar crime is notorious for being difficult to regulate against and even harder to investigate and prosecute, in comparison to more traditional street crime Friedrichs, The enforcement and prosecution rates of white collar crimes are lower than that of street crime; white collar crimes are also less likely to be reported Friedrichs, The complexity and breadth of white collar crime cases can be crippling to law enforcement and may work to stop enforcement entirely Friedrichs, In this day and age, a corporation, family, or individual always has a potential risk of encountering fraud within their money supply.

On average, fraud and abuse costs U. Many may think that white collared crime is only money laundering or stealing, but that is only two out of the sum that countless culprits get away with. These frauds include anything from bankruptcy fraud, money laundering, identity theft, corporate fraud to a wide number of threats all circling. Essay Topics Writing. Home Page Research White-Collar Crime Essay. White-Collar Crime Essay Good Essays. Open Document. Today, worldwide, there are several thousands of crimes being committed. These crimes involve a few different methods that take place within a business setting. While ethical business practices add money to the bottom line, unethical practices are ultimately leading to business failure and impacting the U.

The forms of bribery and embezzlement have been around longer than dirt. The earliest white-collar crime , that was documented, dates back to the 15th century in England. High-profile white-collar crime has a few complicated financial terms and violations. For instance if the employee was to tell a friend important company information and the friend trades that corporations stock, both will be indicted. This dishonesty manipulates the market, which results in people making bad investments. The third violation is antitrust, which is also considered as monopoly values. For example, abusing the power of price fixing, or artificially raising prices beyond competitive market values. The last crime is bribery; quid pro quo plays a huge role in this specific violation. While the criminal commits these crimes, they seem to forget the ripple effect that this can cause in a business and society.

Get Access. Good Essays. Essay on White-Collar Crime Vs. Street Crime Words 5 Pages 3 Works Cited. Street Crime. Read More. White Collar Crime Essay example Words 11 Pages. White Collar Crime Essay example. Sutherland's Concept of White Collar Crime in the 21st Century Words 10 Pages. Sutherland's Concept of White Collar Crime in the 21st Century. Failure to do so leads to withheld contracts, lack of supplies and eventually complete shutdown. Many state-owned corporations in these corrupt nations often create shell companies that enable them to siphon company assets or profits to third parties. They often use up dividends that would have been paid to shareholders or applied in business development. As a consequence, stakeholders in the business fail to get what is rightfully theirs.

Extortion and bribes are a form of backroom tax that demoralizes entrepreneurs and investors alike. When prosecutors, government officials and law enforcers treat white collar crime as a normal part of business, then victims will never get justice. This culture tarnishes the fabric of society as civilians have no public body that they can trust. The presence of white-collar crime in the public sector makes it easier for hardened or violent criminals to get away with their wrongs. It devastates family members and casualties of violent crime. Sometimes this could range from a few months to several years depending on the extent of offense. The courts could also decide to impose fines for such crimes. A case in point was the payment of a 1-million-dollar fine for fraud by a Wall Street investor.

However, this is contingent on how the prosecutor collected the evidence in the first place. Most law enforcement officials rely on wire taps to nub white collar criminals, yet the law limits use of wire taps unless one has probable cause for the commission of a crime. Additionally, the lack of standard definitions of insider trading limits successful prosecution and incarceration of suspects. Most white-collar crimes take the form of insider trading; as a consequence, ambivalent definitions and standards on the same impede law enforcers from taking actions. A lot of dynamics come into play when a judge must decide on the threshold of insider trading that leads to criminal violations.

After the global economic meltdown, many governments realized that white-collar crime could lead to dire consequences. They started looking at companies such as Worldcom and Enron, which failed to nip these problems at the bid Kaplan, Therefore, in some countries, white collar crime can elicit sentences that mirror sentences in violent crime. They have created guidelines which judges must use when making sentencing decisions. White-collar criminals should indeed receive greater penalties for the wrongdoings. Marks affirms that these are individuals who do not have a moral compass. They are highly deceptive people who will twist and bend the truth in order to achieve selfish gains. Such groups will ignore the real costs of their actions and thus engage in conduct that has adverse consequences on everyone concerned.

White-collar criminals seem to have an entitlement mentality that makes them think that they can get away with misdeeds. It is easy for them to rationalize their actions and immoral conduct. They lack a standard that guides their behavior, so they are likely to commit these offenses. It is incumbent upon stakeholders in the legal system to create tougher laws that would deter such persons. When an individual lacks direction from within, then the law should step in to restrain them. Severe penalties would act as a control to keep the deviations of such people in check. Failure to reign in on such behavior could leave the corporate scene in a state of disorder. As mentioned in earlier sections of the paper, white-collar crime has dire consequences upon the masses.

When left unchecked, whole organizations may close and thousands of people could lose their jobs. Families that depend on them would be helpless. White collar crime should elicit severe penalties in order to protect the masses of people that could be affected by the actions of just a few individuals. The principal of just punishment states that a person who commits a wrongdoing out of negligence deserves a lenient penalty over a person who knowingly commits a crime. People who take part in white collar crime are well-aware of their actions. Furthermore, many of them have been doing the same things for years on end. It makes a lot of sense to give severe punishment to recidivists than first-time criminals Kaplan, Prosecutors may catch a white collar criminal for the first time but this does not imply that the suspect has not been committing the wrong repeatedly.

When investigators find such individuals, they should endeavor to establish how long they have been engaging in the act and thus match the punishment with the crime. Severe penalties would curb such a problem. White collar crime is not a victimless crime. It demoralizes honest employees and entrepreneurs who never get rewards for their diligence. This leads to poor service outcomes for clients who must contend with substandard offerings. Additionally, it may cause serious financial losses. Entire organizations can close because of uncurbed white collar crime. Family members of such parties would have no redress. This crime also discourages investors and stifles business growth. It is for these reasons that punishment should be harsher.

Such an approach would exert external controls on persons with no internal moral compass.

Most everyone goes home after a long day of work and watches the news. Think, what is usually reported? The weather, local activities, headline news, or daily criminal activity. Shootings, stabbings, homicides, etc. are all discussed by media anchors these days. This causes most everyone in our society to become familiar with crimes that are considered street crimes. White-collar crime not only is less reported in the media but also receives weaker punishments than street crime. This paper will first discuss the similarities between the two types of crime and then explain why their punishments are strongly. In this paper the exciting criminal phenomenon known as white-collar crime will be discussed. Corporate Crime and Computer Crime will be discussed in detail.

Crime preventative agencies such as the NCPC National Crime Prevention Council will also be researched. White Collar Crime The late Professor Edwin Sutherland coined the term white-collar crime about Sutherland defined white-collar crime as "a crime committed by a person of respectability and high social status in the course of his occupation" Siegel White-collar crime includes, by way of example, such acts as promulgating false or misleading advertising, illegal exploitation of employees, mislabeling of goods, violation of weights and measures statutes, conspiring to. It is worth noting that white collar crime is often perceived as a less serious crime in the society.

This is based on several reasons including the fact that the crime receives less media coverage. This incomprehensive media coverage of white collar crime may be attributed to the complex nature of the crime, which makes many incidences go unreported. In other words, it is often difficult to pin point one person as the perpetrator of the crime as it would happen with the case of robbery, knife crime, or drug trafficking. However, white crime remains a serious crime and one that can have serious negative.

White-collar crime is a nonviolent crime committed by a business or large corporations. They are usually scams or frauds to gain wealth in society. The people who are guilty of this crime lie, cheat and steal from investors of their company or business. Even though these crimes are non-violent, they have major impacts on the society. Their companies become non existent and families get destroyed. All of their life savings and savings for their children get taken away, and they become bankrupt. Not only does it affect their families, the investors who believed in their business lose millions or even billions of dollars. White-collar crimes are just as prevalent today as ordinary street crimes. Studies show that criminal acts committed by white-collar criminals continue to increase due to unforeseen opportunities presented in the corporate world, but these crimes are often overlooked or minimally publicized in reference to criminal acts on the street.

Many street crimes are viewed as unnecessary, horrendous crimes because they are committed by lower class citizens, whereas white collar crimes are illegal acts committed by seemingly respectable people whose occupational roles are considered successful and often admired by many Piquero, In the twentieth century, White Collar and Organized Crimes have attracted the attention of the U. Criminal Justice System due to the greater cost to society than most normal street crime. Even with the new attention by the Criminal Justice System, both are still pretty unknown to the general public. Although we know it occurs, due to the lack of coverage and information, society does not realize the extent of these crimes or the impact.

White Collar and Organized is generally crime committed by someone that is considered respectable and has a high social status. The crimes committed usually consist of fraud, insider trading, bribery, embezzlement, money laundering, identity theft or forgery. In a looking glass of a sociologist, we can see white collar crime in our everyday world. When it presents itself; the victims are left hurt and the rest in awe of their awful actions. White Collar Crime can be seen in the Libor Scandal, as a prime example. White collar crime is prevalent and brought to our attention more and more by the media since the mid to late s.

With the downfall of companies such as Enron, Tyco Toys and WorldCom MCI white collar criminals are facing lengthy prison sentences. Greed and personal vendettas are what have led our country to understand and gain more knowledge about these corporations and the corrupt CEOs that have brought them to their demise. White-Collar Crime consists of occupational crime and corporate crime. Occupational crime refers to offences committed against legitimate institutions businesses or government by those with "respectable" social status. It includes the embezzlement of corporate funds, tax evasion, computer crime and expense-account fraud. It is not every day that we hear about white-collar crimes but these non-violent crimes are on the rise to the top.

White-collar crime is relatively a new idea. It has many aspects that are practical for study and further interpretation to clear some of its dark areas. White-Collar Crime was once introduced by Edwin Sutherland in during his speech in American Sociological Society. The following crimes actually performed are Bribery, Extortion, Insurance, Fraud, Embezzlement, Cybercrime etc. People who participate in these criminal activities are highly powerful and respectful among the society. The following activities include description about White-collar Crime, Investigation of White Collar Crime and The Consequences of committing a White-collar Crime.

We like every other person in this world, when we hear the word crime; we automatically get an image of a person from a low class in a bad neighborhood and coming from a troubled family. However, who knew that those who are educated and coming from a wealthy family can also pertain to the world of crime and mischief. We as human beings tend to also be judgmental, assuming that only unprivileged men have a drive to commit an offense against the law then a prosperous individual. Nevertheless, it is not our evil doing that we are regularly pushed to foresee this problem this way, especially not when it is the media, the government, and the media are the ones who painting this picture for us.

The Federal Bureau of Investigation defines white collar crime as. White-collar crime is defined as the financial motivations of non-violent crimes that are committed by professionals of business and those of the government. In the field of criminology, Edwin Suthelan , a socialist who was the first person to define white-collar crime as a crime that respectable and those people of higher social status commit. The crimes include those associated with fraud, bribery, embezzlement, cybercrime, money laundering, theft of the identity and many more crimes that are nonviolent.

For the white collar crimes, the offenses committed should produce some gains financially. The crimes are thereby committed by those persons holding various positions in businesses or organizations, and it is because of this position they can gain access to amounts of huge money that they get from the people like customers with whom they serve. The criminals involved are not caught in activities that are violent, involved in drug issues or illegal activities. White collar crime is notorious for being difficult to regulate against and even harder to investigate and prosecute, in comparison to more traditional street crime Friedrichs, The enforcement and prosecution rates of white collar crimes are lower than that of street crime; white collar crimes are also less likely to be reported Friedrichs, The complexity and breadth of white collar crime cases can be crippling to law enforcement and may work to stop enforcement entirely Friedrichs, In this day and age, a corporation, family, or individual always has a potential risk of encountering fraud within their money supply.

On average, fraud and abuse costs U. Many may think that white collared crime is only money laundering or stealing, but that is only two out of the sum that countless culprits get away with. These frauds include anything from bankruptcy fraud, money laundering, identity theft, corporate fraud to a wide number of threats all circling. Essay Topics Writing. Home Page Research White-Collar Crime Essay. White-Collar Crime Essay Good Essays. Open Document. Today, worldwide, there are several thousands of crimes being committed.

These crimes involve a few different methods that take place within a business setting. While ethical business practices add money to the bottom line, unethical practices are ultimately leading to business failure and impacting the U. The forms of bribery and embezzlement have been around longer than dirt. The earliest white-collar crime , that was documented, dates back to the 15th century in England. High-profile white-collar crime has a few complicated financial terms and violations. For instance if the employee was to tell a friend important company information and the friend trades that corporations stock, both will be indicted. This dishonesty manipulates the market, which results in people making bad investments. The third violation is antitrust, which is also considered as monopoly values.

For example, abusing the power of price fixing, or artificially raising prices beyond competitive market values. The last crime is bribery; quid pro quo plays a huge role in this specific violation. While the criminal commits these crimes, they seem to forget the ripple effect that this can cause in a business and society. Get Access. Good Essays. Essay on White-Collar Crime Vs. Street Crime Words 5 Pages 3 Works Cited. Street Crime. Read More. White Collar Crime Essay example Words 11 Pages. White Collar Crime Essay example. Sutherland's Concept of White Collar Crime in the 21st Century Words 10 Pages. Sutherland's Concept of White Collar Crime in the 21st Century. Decent Essays. White Collar Crime And Its Effects On Society Essay Words 3 Pages.

White Collar Crime And Its Effects On Society Essay. White Collar Crimes And Street Crimes Words 5 Pages. White Collar Crimes And Street Crimes.

Essays on White Collar Crime,Top 10 Similar Topics

WebApr 11,  · Raising the knowledge of white-collar crime is very vital for a number of reasons. As such, white-collar crimes have been identified as serious problems to WebDefinition Of White Collar Crime “White Collar Crime” was first defined by Edwin Sutherland in , ‘as a crime committed by a person of respectability and of high WebJan 5,  · White-collar crime refers to non-violent crimes that are financially motivated. Perpetrators who are hoping for monetary gain mainly commit them. White-collar WebEssay Writing Service It is certain that white-collar crime will cause direct and indirect victimization but recognition is needed in identifying its offences; for instance, corruption WebWhite-collar crime is considered to be a highly serious form of crime in the United States, next in significance only to face-to-face violence. According to the U.S. Bureau of Justice WebWhite Collar Crime, Its Factors, Theories, and Deterrence Methods words | 3 Pages In , the phrase “white-collar crime” was coined by American sociologist Edwin ... read more

We as human beings tend to also be judgmental, assuming that only unprivileged men have a drive to commit an offense against the law then a prosperous individual. In organisations, white-collar crimes can be prevented by self-regulation rather than through legislation. A major disadvantage of negative sanctions is that the penalties are not always appropriate to the crime committed. Check the price of your paper. High-profile white-collar crime has a few complicated financial terms and violations.

Custom Writing. Confirm new password. Not sure if you can write a paper on White Collar Crime by yourself? Instructions Followed To The Letter Deadlines Met At Every Stage Unique And Plagiarism Free, white collar crime essay. Since the damage from such crimes is huge, the end justifies any means.