So, if the fraud was proven in court and Pearlman was convicted, why is he still lying in his interviews? Is it an attempt to appear innocent in preparation of a “comeback”? Or is he just unable to decipher what is the truth and what are the lies he’s been telling himself and others? This degree of conviction to his greed and lies is more than the average person can handle, so it seems he copes by believing the lies he tells. Looking at his propensity for lying along with the possibility that he molested young boys and it becomes clear that there is definitely something mentally wrong with Lou Pearlman. He has major ego issues, helping convince himself that he is better than societies’ rules and allowing himself take advantage of others, disobeying societal rules. Something must be done to prevent something so massive like this from ever happening again.
To start off, it should be suggested to all major companies that, before giving away great power to its employees, before being considered for a promotion, everyone must undergo psychological evaluation. This may be seen as a major inconvenience, but with the amount of money major corporations in America are making, this little cost could potentially save them millions, if not billions. Fraud is able to be committed by those in this type of power.
Besides those who are given power within a company, others who claim this power may be those “attempting” to create their own business. For these people, as well as those who take advantage of consumers of corporate America, a program should be made to catalog the names, faces, and descriptions of these people and their crimes. This database should include not only the private sector bans/convictions, but also individuals. Any...
... middle of paper ...
...Money Laundering Investigations - Fiscal Year 2012. (2012, October 5). IRS. Retrieved March 30, 2014, from http://www.irs.gov/uac/Examples-of-Money-Laundering-Investigations-Fiscal-Year-2012
Investor Alerts and Bulletins. (2008, December 1). SEC.gov. Retrieved March 27, 2014, from http://www.sec.gov/investor/alerts#.UzhP1vldXng
Lieberman, D. (2007, April 11). Missing music king loses his throne - USATODAY.com. USA Today. Retrieved March 18, 2014, from http://usatoday30.usatoday.com/money/companies/regulation/2007-04-09-pearlman-usat_n.htm
Sisario, B. (2008, May 21). Former Band Manager Is Sentenced. The New York Times. Retrieved March 19, 2014, from http://www.nytimes.com/2008/05/22/arts/22arts-FORMERBANDMA_BRF.html?_r=0
Wanted by the FBI: White Collar Crimes. (2010, August 11). FBI. Retrieved March 30, 2014, from http://www.fbi.gov/wanted/wcc/@@wanted-group-listing
As we lose ourselves and our values, worth, and identity as people in the corporate culture, the objectives of monetary profit, status within a company, and machine-like work ethics replace our ethical judgement and our values as people. Perhaps there is nothing we can do about it; after all Skilling and Fastow did not realize what they were doing is immoral and illegal until they were sentenced or even released from their sentence. We are all too absorbed in this capitalistic corporate world we live in. Just like the ancient Chinese philosopher Fu Xuan said, “He who is close to the ink will be stained black,” (Fu, “Prince Shao Fu Xuan”), We have been too used to the immorality and unethical practices of corporate culture that we’re not only numb to the wrongdoings of others within this capitalist society, but we also replace our values as people and our ambitions to do good with objectives of the corporate world. Prebbles posed us the question that after centuries of capitalism’s existence in our society, will our ambitions to do good prevail against our monetary desires and the corporate norm of only profit-driven decisions?
US Department of Justice, Federal Bureau of Investigation. Uniform Crime Reporting Statistics. n.d. 13 February 2012 .
...nal Public Radio: News and Analysis, World, US, Music and Arts. 31 March 2010. Web. 31 January 2011.
white-collar crime” (Shapiro, S. P.). It is no surprise to anyone that positions of trust regularly decentralize to corporations, occupations, and “white-collar” individuals. Nevertheless, the concept of “white-collar crime” involves a false relationship between role-specific norms and the characteristics of those who typically occupy these roles. Most of the time, it is the offender that is looked at more than the crime itself and assumptions about the individuals automatically come into play. It has be to acknowledged that “ class or organizational position are consequential and play a more complex role in creating opportunities for wrongdoing and in shaping and frustrating the social control process than traditional stereotypes have allowed” (Shapiro, S. P.). The opportunities to partake in white-collar crime and violate the trust in which ones position carries are more dependent upon the individuals place in society, not just the work place. The ways in which white-collar criminals establish and exploit trust are an important factor in truly exploring and defining the concept of white-collar crime.
Another reason it can be difficult to detect corporate crime is that directors within a corporation are unlikely to report the criminal activity of their colleges for the fear that it will hinder their own career success and could even lead to them losing their jobs. Within a company illegal practices could be seen by many as the “in thing” and the people work...
Even though monopolies are illegal, public corruption allows companies to form and continues to be a problem today. In an article published by the Los Angeles, Anh Do
In order to coherently understand the meaning of white collar crime, Friedrichs (2010) states that it must be approached in stages. The first stage is polemical, and is related to the definition. The second and third stages are typological and operational. As previously mentioned, white collar crime has been quite heavily debated, and currently there is no definition that is generally accepted by criminologists. Some argue that the term white collar crime should be abandoned altogether, and another issue is where it is appropriate to draw the line between legal practices and illegal practices (Hayes & Prenzler, 2012; Dobovšek & Slak, 2015). Throughout time, the scope of white collar crime has broadened to include many other typologies of white collar crime, due to the fact that technology has and continues to advance. The most common types of white collar crime include occupational crime, corporate crime, state crime, financial
Shover, N, & Hochstetler, A. (2006). Choosing white-collar crime. New York, NY: Cambridge University Press.
Tick, Judith, and Paul E. Beaudoin. Music in the USA: a Documentary Companion. Oxford: Oxford UP, 2008. Print.
“Retirement sucks!'; These are the famous words from one of the most captivating musical artist living today. Ozzy Osbourne has taken this world by surprise with his stunning actions, energetic motivation, and of course his music. His presence in the music industry inspired many artists today, and has taken everyone by surprise. In this paper I will discuss some history about the recording industry, background on the Ozzman himself, and how he has sparked the recording industry.
Champion, D 2011, ‘White-collar crimes and organizational offending: An integral approach’, International Journal of Business, Humanities, and Technology, vol. 1 no. 3, pp. 34-35.
It is known that corporations play a large part in making the world go around. Many times we read, hear or see stories on companies and why something was done a certain way. The film “The Corporation” has given a whole new insight to not only how businesses operate but what motivates them and their decisions that they make to keep their businesses thriving.
Federal Bureau of Investigaiton. (2010, December 22). Preliminary Semiannual Uniform Crime Report, January –June, 2010. Retrieved from http://www.fbi.gov/about-us/cjs/ucr/crime-in-the-u.s./2010/preliminary-crime-in-the-us-2009