Embezzlement: National Incident-Based Report

Embezzlement, sometimes referred as a White-Collar crime, is a group A offense in the National Incident-Based Reporting System (NIBRS). It typically happens in workplaces, where a person in a position of responsibility and reliability, uses his position strengths to gain or help other people gain convenience or wealth in business. (Barnett) Statistics has shown that the average loss of embezzlement per year is about 850,000 dollars. (KARPP, 2014) Although the target of embezzlement is always money, some of the further influences, for example, alter the economic system, cause significant loss of money to the country and then damage the culture, could not be ignored. Considering these consequences, I propose the federal government should change

The economy consists of millions of individual organizations and companies. Among these enterprises with different scales, small business, or individual investments are most vulnerable, mostly account for its short money chain. The research result from The 2015 Hiscox Embezzlement Watchlist showed that “Nearly 72% involved organizations with fewer than 500 employees…Some of the largest losses occurred in organizations with fewer than 50 employees.” (KARPP, 2014) The maintenance of small companies in the economy is extremely significant because they help to keep the diversity of the economy. The loss of small organizations would result in the formation of monopolies or oligopolies, which makes the market less competitive and eventually the price level of goods and services would be outreaching. The direct victim of increasing price level is consumers, us. If the government realized the widespread influence of embezzlement on the economy and changed it to a crime against society, then it could adjust the economic system based on the number of cases of embezzlement happened and predict the potential consequences. And a stable price level means an endurable life standard for

It not only hurts the economy, weakens the financial of a country, but also damages the culture of the society. “The cost of fraud is the equivalent of a financial iceberg; some of the direct losses are plainly visible, but there is a huge mass of hidden harm that we cannot see.” (Association of Certified Fraud Examiners Inc, 2014)Losses are deeply rooted in the culture, affecting the attitude of its citizens. Therefore, the government should pay more attention to embezzlement by changing its category from a crime against property to a crime against society. Hopefully, could rectify the unhealthy tendencies in the