According to my understanding and reflation paper the white-collar crime concepts are mostly similar, but it is spread in various field in the world. Edwin Sutherland concept provides detailed information about white-collar crime and how it’s work with the different circumstances Welcome to the age of white collar crime. A time when the words thieves and businessmen go hand in hand. White collar criminals don't get their hands dirty in their work. They use their heads to get what they want instead of using a little muscle. These criminals are just as dangerous as the rapists and murderers The main propositions of Sutherland may be summarized as follows. First, white collar crimes are indeed a criminality. He argued that white-collar crimes are violations of criminal law; hence should be under the scope of criminology. Second, he acknowledged the administrative differences between lower class criminality and white collar ones
WHITE-COLLAR CRIME essay
There is a common misconception that the white-collar crimes do not have victims, and thus they are not that dangerous. Indeed, these crimes are committed without the use of weapons or threats of physical violence, but it does not mean that they are really harmless. All kinds of white collar crime are taking place in our community nowadays, white collar crime essay. With the rapid development of Internet technologies, there is a rapid development of White collar crime essay fraud schemes. For example, online investment scheme is one of the recent ones. Commission on Securities and Exchange Commission on Law Enforcement, and criminal trials indicate that criminals use two basic methods to manipulate securities markets for personal gain.
Immediately after that they sell their shares of such companies to get substantial profits before the stock price falls back to its normal low level. All other buyers of the stock, unaware of the falsity of the information, become victims of the scheme as soon as the price falls. For example, in one federal prosecution in Los Angeles, the defendants purchased shares in a bankrupt company NEI Webworld, Inc. for the sum ofdollars, directly or through an intermediary. Assets of NEI Webworld, Inc. had been liquidated several months before. Then the defendants sent e-mail messages to hundreds of Internet bulletin boards, falsely stating that wireless telecommunications company planned buyout of NEI Webworld.
At the time defendants purchased shares of NEI Webworld, share price ranged from 9 to 13 cents apiece. In another federal case in Los Angeles, a man who worked for California company PairGain Technologies, created a fake website Bloomberg news, which had fake news about the impending PairGain Technologies acquisition by an Israeli company. He sent fraudulent e-mail messages with links to fake Bloomberg news site to financial news bulletins. Corruption, as one of the types of economic crimes, is very common in our society and it slows the development of the country. In the anti-corruption fight it is recommended to implement legislative reform, which would bring not harsher penalties for corruption, but simplification and reduction of state control reducing the frequency of inspections, white collar crime essay, tax cuts in order to reduce the very possibility of abuse official position.
However, legislative actions of the State can not make a decisive breakthrough in the fight against corruption at least because of the fact that the fight against corruption sometimes is headed by corrupt officials. Decisive success is only possible by increasing the dependence of the state of citizens. This requires such long-term institutional reform as reducing the number and size of authorities, creation of special or even independent of the State institutes authorized to investigate allegations of corruption for example, Sweden and some other countries have institution of Ombudsmanintroduction of ethical standards for authorities, etc. Finally, the fight against corruption is impossible without the help of whistleblowers.
Economists say that successful fight against corruption provides immediate benefits that are many times higher white collar crime essay the related expenses. General recommendations to fight white collar crime in the community include the following actions by the state:. Fighting white-collar crime is one of the main problems of modern society. This struggle must be carried out in all possible ways. Since the damage from such crimes is huge, the end justifies any means. According to the FBI, between andwhite-collar crimes amounted 3. Despite their relatively small number, annual average white-collar crime costs victims much more than ordinary theft or robbery. Many experts expect the growth of this number. According to National Fraud Center, the number of arrests for white-collar crime, especially fraud and misappropriation white collar crime essay corporate funds, has increased dramatically over the past few years, while the number of arrests for crimes related to violence against the person declines.
White-collar crime is very white collar crime essay. It causes great damage to society and country as a whole and, ultimately, each of us. Today, fight with this type of crime is of utmost importance, white collar crime essay. State and federal laws, and the US Constitution give the federal government the authority to curb white-collar crimes. A number of federal agencies, including FBI, Tax and the US Secret Service, US Customs Service, Agency for Environmental Protection, deal with white-collar crimes. In addition, most states use their agencies to fight white-collar crime. Penalties for white collar crime are very strict, much more severe than for other crimes Waldie, General recommendations to fight white collar crime in the community include the following actions by the state: ensuring political and economic stability in the society creating legal framework necessary for effective fight against economic crimes improving the system of government agencies dealing with economic crimes increasing control of the public authorities for the activities of enterprises, which commit most economic crimes, including the activities of their officers white collar crime essay materially responsible persons strengthening preventive, precautionary actions of authorities fighting with economic crimes in particular, explore conditions that contributed to the commission of crimes and take measures to prevent further similar crimes.
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White-collar Crime Meaning - Meaning and Example of White Collar Crime
, time: 2:33White Collar Crime - Words | Essay Example
Sep 27, · Explain white collar crime in terms of various theories related to criminology and crime. A white collar crime is an illegal and unethical act that violates public trust (Friedrichs, ). Common examples include misrepresentation, stealing, misappropriation, self-dealing, and corruption (Echols & ichardson, ) The main propositions of Sutherland may be summarized as follows. First, white collar crimes are indeed a criminality. He argued that white-collar crimes are violations of criminal law; hence should be under the scope of criminology. Second, he acknowledged the administrative differences between lower class criminality and white collar ones The essay will finally present a case study relating to a White-Collar Crime committed in the United States. Introduction to White-Collar Crimes In its narrowest definition, White-Collar Crime is composed of those crimes committed by individuals in the upper and middle classes and/ or certain high-status blogger.comted Reading Time: 9 mins
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