Criminalization of Corporate Behavior

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Crime takes place in all aspects of society. From criminal, to civil, to corporate, there are many different types of crime. Corporate Crime, also known as white-collar crime, is a crime committed while employed with a corporation. It is a collective and organized effort to deceive investors and to serve the economic interests of a corporation, and/or its management, even if unlawful. Whenever employees of a corporation use the corporate assets or infrastructure to commit a crime intended to boost profits, the corporation can be held liable. While it is much more different than a violent crime, criminalizing corporate behavior is necessary. Over the past few decades it seems as though more and more corporate crimes have been exposed, and while this may simply be a result of stronger investigative techniques, the need to be able to provide fair and unbiased sanctions against all companies is now more important than ever.

The most well-known corporate crimes include the likes of, Adelphia Communications Corporation, WorldCom, Enron, and most recently, BP. “Adelphia was a cable television company that hid $2.3 billion in debt at the cable company, deceiving investors and stealing company cash to line their own pockets.” (Associated Press) Five of the founders of Adelphia were indicted on charges and two were found guilty. WorldCom was a long distance phone company which, “had improperly accounted for more than $3.8 billion of expenses, forcing the company into bankruptcy.” (Romero; Atlas) Six corporate officers were found guilty in areas ranging from conspiracy, to filing false documents with regulators, to securities fraud. Enron was an energy provider that committed one of the largest fraud scandals in history, thus leading to i...

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.... Web. 19 Apr. 2011.

Etzioni, Amitai, and Derek Mitchell. "1 Corporate Crime." Can a Corporation Be a Criminal?187-99. Web. 19 Apr. 2011.

The Washington Post. "Punishment to Fit the Corporate Crime - Business - Business - Smh.com.au."Sydney Morning Herald - Business & World News Australia | Smh.com.au. 18 July 2005. Web. 21 Apr. 2011.

Reisinger, Sue. "Half-Baked Justice? Corporate Prosecutions Are All Over the Map." Law.com | Legal News, Technology, In-House Counsel, & Small Firms Legal Resources. Law.com, 3 Jan. 2011. Web. 21 Apr. 2011.

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