BU2002_O_Ramirez_Pre-Assessment

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Ashford University *

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2002

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Law

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Feb 20, 2024

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docx

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Uploaded by opheliasepulveda

Criminal acts can occur anywhere and unfortunately, sometimes they go unnoticed. Some criminal acts that can be committed by a business or employee are arson, embezzlement, fraud, insider trading, racketeering, and white-collar crimes. Arson: Arson is when a fire is started with malicious intent and on purpose (Batten, 2010). One example of arson is when a person sets a vehicle, home, or shrub on fire with the intent of it spreading to cause more damage. In order for a crime to be categorized as arson, it needs to be proven that it was with malicious intent and not by accident. Embezzlement: The fraudulent conversion of another's property or money by someone in a position of trust, such as an agent or employee, is known as embezzlement (Batten, 2010). One example of embezzlement in a company is a person stealing money from their petty cash or misusing the company credit card to make personal purchases or for personal gains. Fraud: Fraud is the act of dishonesty committed by a person for their own advantage (Batten, 2010). An example of fraud within a business is claiming hours and pay for time that was not worked. Insider Trading: Insider trading is the term used to describe the unlawful act of a shareholder in a public company purchasing or selling its stock as a result of knowledge that the general public is not aware of (Batten, 2010). An example of insider training is when an employee of a company provides private company information and illegally gives it to an outsider as a trade for something they can gain. Racketeering: Racketeering is the act of illegally getting or extorting money or performing other illegal activities which are usually by organized criminals (Batten, 2010). An example of racketeering in a business could include allowing drug activities and extortion within a company. White-Collar Crime: According to Batten (2010), racketeering is “financial, economic, or corporate crime, usually involving fraud and theft, that is often carried out by sophisticated means.” An example of a white-collar crime can be the act of an employee stealing company supplies.

References Arson. (2010). In D. Batten (Ed.), Gale encyclopedia of American law (3rd ed., Vol. 1, pp. 374– 375). Embezzlement. (2010). In D. Batten (Ed.), Gale encyclopedia of American law (3rd ed., Vol. 4, pp. 131–134). Fraud. (2010). In D. Batten (Ed.), Gale encyclopedia of American law (3rd ed., Vol. 4, pp. 531– 534). Insider trading. (2010). In D. Batten (Ed.), Gale encyclopedia of American law (3rd ed., Vol. 5, pp. 441–443). Racketeering. (2010). In D. Batten (Ed.), Gale encyclopedia of American law (3rd ed., Vol. 8, pp. 238–242). White-collar crime. (2010). In D. Batten (Ed.), Gale encyclopedia of American law (3rd ed., Vol. 10, pp. 385–387).

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