Offender’s commit fraudulent acts in the course of normal business practice, but is considered unethical and violates accepted accounting principles and mainly public trust. To help better understand the issue the essay will explain several incidents which are involved with white collar crime and how it hurts many individuals from families to businesses. Even though white-collar crime offender’s gain an increase in salary and may go unnoticed, the criminal justice system should continue to take a stance on white collar crime. Because mainly white collar crime is a serious invincible crime, laws that regulate white collar crimes are necessary, and impacts society's way of life. Additionally, a proposed suggestion will be presented to counter the identified problems and conclude final thoughts on white-collar crime.
Introduction According to Morrison (2008) crime is a salient fact which is an integral part of many adverse risks humans are susceptible to, today. On the other hand a crime which is a wrong doing can be classified as a felony or a misdemeanor; this is because it is against a public law. A felony can be defined as a serious crime that is punishable by at least a year’s jail-term whereas a misdemeanor is a crime whose punishment is either a fine or and up to a year in jail (Smith, 2008). Crimes are therefore defined as well as punished by statutes and the common law. There also exists a relationship between crime and law which is referred to as Criminal Law (Law Library, 2011).
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Crime applies particularly to an act that breaks a law that has been made for public good. Crime in one country, the dictionary continued, "may be entirely overlooked by the law in another country or may not apply at all in a different historical period." That was interesting. What that really said was that concepts of "crime" are not eternal. The very nature of crime is sociopsychological and defined by time and place and those who have the power to make definitions; by those who write dictionaries, so to speak.
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