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Conclusion on white collar crime
Conclusion on white collar crime
Conclusion on white collar crime
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In today’s society, crime rates are drastically increasing, causing a huge deficit in our economic, and thus causing our society’s Gross Domestic Product (GDP) to plummet. The cost of crimes adds up no matter if the crime is a small offense against the law or even a larger and deliberate offense such as homicide; in today's world, crime committed feeds the nefarious side of our human nature within our society. The most dangerous and impactful crime that is problematic within our nation is the executions of white collar crimes. White collar crimes damage our society in more ways than one. Today, people in our nation need to be more informed about the concept and damages that results from white collar crimes, as it affects them indirectly, economically, and may come to directly affect them as they become the unwilling victim to the crime. …show more content…
Commonly, white collar crime involves occupations such as accountants, business managers, lawyers and doctors; In addition, they are generally driven by the intent to gain a financial advantage and to secure themselves (“White-Collar”). These crimes are not evaluated by the act or the intent of which their offense possesses but rather the prestige the person has in their occupation while committing such a destructive effect on society (“The Sociological”). White collar crimes are less likely to be reported (which means that there is sparing information) and as a consequence many civilians go on with their lives in ignorant of the organized crime that's slowly drying their
John Jacob Jingleheimer Schmidt was a Harvard graduate, Founder of a hedge fund, CEO and portfolio manager of International Management Associates LLC. John Jacob Jingleheimer Schmidt swindles millions of dollars from his clients. IMA collapsed in 2006, when Jingleheimer Schmidt wrote bad checks to his client and investor NFL football players. John Jacob Jingleheimer Schmidt was charged with security fraud and money laundering. John Jacob Jingleheimer Schmidt was looking to served jail sentence of approximately 710 years when he grew a flower in his jail cell. (AJC News)
Young, white, upper-class males who engage in crime are significantly less likely to serve jail time or even be arrested, than their black male counterpart. That being said, lower class white males are more likely to be arrested than their upper-class white counterpart. Is money truly the root of all evil? NO, it’s not. It is however what drives both sides of the criminal justice system. Of course, those with a higher SES or less likely to be arrested in general but there is more to it. In class, we discussed the issues of privatized jail and the revenue they make only when filled to capacity. The “If you build it, they will come!” mentality is fully functioning in the prison part of the criminal justice system. Many police forces are set up with numbers in mind, and in order to be successful a certain amount of arrest must be made. The War on Drugs spurred this ideology as the higher amount of arrest led citizens to think that crime was being lowered. Additionally, those with high-class status can afford to be represented properly in the criminal justice system and do not have to fear the extra fines placed on prisoners or even those just convicted of crimes. VICE – Fixing The System showcased stories of returning citizens who faced the stigmas of jail, the fines of the court, and were lead back into a life of crime just to make ends meet. This vicious cycle leads back into the criminal justice system with these returning citizens being rearrested or by violation of parole/payment, due to financial
White-collar crime is the financially motivated illegal acts that are committed by the middle and upper class through their legitimate business or government activities. This form of crime was first coined by Edwin Sutherland in 1939 as “a crime committed by a person of respectability and high social status in the course of his occupation.” (Linden, 2016). Crime has often been associated with the lower class due to economic reasons. However, Sutherland stressed that the Criminal Justice System needed to acknowledge illegal business activity as crime due to the repercussions they caused and the damage they can cause to society (Linden, 2016). Crime was prevalently thought to only be
In our society, our security and protection is in the hands of the police. When there is a disturbance in society, we immediately dial 911 to get police officers in the scene of the crime for help. Police officers wear a uniform and a badge that symbolizes protection. Police officers are hired to enforce the laws that were placed, ensure the safety of civilians, and to detain anyone who does not follow or does not obey the laws. Although, people and the media might disagree that police officers abuse their power or racially profile people for no reason, I have not yet come across those situations, nor has my family. In fact, most of my experiences with the criminal justice system has been helpful. Furthermore, once criminals are detained, it
Today, worldwide, there are several thousands of crimes being committed. Some don’t necessarily require a lethal weapon but are associated with various types of sophisticated fraud, this also known as a white-collar crime. These crimes involve a few different methods that take place within a business setting. While ethical business practices add money to the bottom line, unethical practices are ultimately leading to business failure and impacting the U.S. financially.
White collar and corporate crimes are crimes that many people do not associate with criminal activity. Yet the cost to the country due to corporate and white collar crime far exceeds that of “street” crime and benefit fraud. White collar and corporate crimes refer to crimes that take place within a business or institution and include everything from Tax fraud to health and safety breaches.
White collar crime is committed by people who have responsibility and if they did get to court then it was showing few and far between in the statistics. White collar crime is very different from conventional every day crime as it can be a non-violent offence as the victims can sometimes be unaware. (sociologyguide.com)
There are many different types of crimes that can be committed, but they can al bel classified as either street or white collar. The difference is very clear when crimes are seen firsthand, and also depicted in film. In both movies “Robocop” and “Wall Street,” street and white collar crime can be understood very clearly. For the sake of this paper, “Robocop” is the main stage for the film depicting street crime. While “Wall Street” is the film that shows white collar crime, both movies show crime but the differences will be explained. The purpose of this essay will be to compare and contract street and white collar from “Robocop” and “Wall Street.”
White-collar crime occurs by a certain group of society, the upper social class. These people are appointed in highly respected jobs or fields. These people commit crimes such as corruption, fraud marketing, selling outdated ineffective products and unfaithful advertising. These people do this in order to enhance their personal wealth by income tax evasion or the agreement of bribes. This category of criminal activity is classed as very serious but the convicts tend to not go under a great deal of punishment because of who they are i.e. highly respected politicians and company directors.
When dealing with social characteristics and demographics we find that there are several stereotypes we must overcome to truly understand individuals who participate in anti-social behaviors and acts. Sutherland described the white-collar offender as a person of respectability and high social status who commits an offense during the course of his or her occupation. (Benson et al., 2015,22) Is this a true reflection of the white-collar criminal? Is this a stereotypical view that as a citizen is reflective of the true white-collar criminal or one that a social media or theory tells us what we should be looking for within enterprises.
In the 21st Century, there are many categories of crime, i.e., white collar crime, violent crime, property crime, and drug crime. White collar crime encompasses a broad definition, but basically boils down to lying, cheating, and stealing (www.fbi.gov/about-us/investigate/white_collar/whitecollarcrime). The term “white collar crime” was first coined by Edwin Sutherland in 1939 in reference to crimes perpetrated by people in higher status occupations in relation to their professions (NIBRS). ...
However, with the great success of the general theory of crime came extreme controversy (Goode, 2008:20). Gottfredson and Hirschi’s theory has been analytically evaluated by many other criminologists, and have even been completely disregarded by some criminologists. Shortly after the publication of A General Theory of Crime, Title (1991:1610) stated that this theory is capable of convincing readers of something which is not the entire truth. Furthermore, Gottfredson and Hirschi’s theory results in a “confrontational approach” which does not fulfil the theoretical needs in the field of criminology (Tittle, 1991:1611). Geis (2000:44) is of the opinion that the general theory of crime has certain shortcomings, specifically in terms of their white-collar crime analysis.
In this paper the exciting criminal phenomenon known as white-collar crime will be discussed. Corporate Crime and Computer Crime will be discussed in detail. Crime preventative agencies such as the NCPC (National Crime Prevention Council) will also be researched. White Collar Crime The late Professor Edwin Sutherland coined the term white-collar crime about 1941. Sutherland defined white-collar crime as "a crime committed by a person of respectability and high social status in the course of his occupation" (Siegel 337) White-collar crime includes, by way of example, such acts as promulgating false or misleading advertising, illegal exploitation of employees, mislabeling of goods, violation of weights and measures statutes, conspiring to fix prices, evading corporate taxes, computer crimes, and so on. White-collar crime is most distinctively defined in terms of attitudes toward those who commit it. These crimes are punishable by law; however it is generally regarded by the courts and by sections of the general public as much less reprehensible than crimes usually punished by the courts. The other types of crime are blue-collar offenses, which are predominately crimes of the under-privileged. White-collar crimes are punished far less harshly than blue-collar crimes, which shows societies attitudes towards the two sections of society. White-collar crime is attractive to criminals because it brings material rewards with little or no loss of status. (Taft & England 201) For some, white-collar crime is not viewed as a "crime" at all, because of its non-violent nature. Violent crime has an immediate and observable impact on its victim which raises the ire of the public, whereas white-collar crime frequently goes undetected or is viewed as a bending of the rules. Yet white-collar crime can create the greater havoc. The victim of an assault will recover; however, the impact of a fraud can last a lifetime. This is especially true when the elderly are victimized, as they have little or no hope of re-establishing themselves in financial terms. Contrary to the popular belief, white-collar criminals are thieves and the methods used to conceal their offenses are both artful and ingenious. Concealment of the crime is always an objective of the offender, and it becomes an element of the crime itself. Because it is an artful form of deceit, which is skillfully disguised, the ...
1. I believe white collar crimes white are equally bad as violent crimes. Even though the white-collar crimes are looked as being nonviolent crimes committed by an induvial or a business that obtains an advantage either with funds or potential tips on stocks, it’s still causing harm to others. The bottom line is a crime is a crime doesn’t matter what you’re doing your still causing harm to someone and need to pay the consequence for it.
Fraud and white-collar crime are common forms of crimes that people commit in various aspects and positions in the corporate world. Fraud and white-collar crimes have similar meaning as they refer to the non-violent crimes that people commit with the basic objective of gaining money using illegal means. The cases of white-collar crimes have been increasing exponentially in the 21st century due to the advent of technology because fraudsters apply technological tools in cheating, swindling, embezzling, and defrauding people or organizations. White-collar crime is a complex issue in society because its occurrence is dependent on many factors such as organizational structure, organization culture, and personality traits. Thus, the literature review examines how organizational structure, organizational culture, and personality traits contribute to the occurrence of white-collar crimes.