Economic Offences

In this case, there are several conspirators who is involved in the fraud receiving punishment from either SEC or federal government. Robert Levin, the AMRE executive and major stockholder, and Dennie D.Brown, the company’s chief accounting officer, were subject to the punishment in the form of a huge amount of fine by the SEC and the federal government. This punishment came from reasons. After AMRE going public, the company have the obligation to publish its financial reports but its performance did not meet expectation. The investigation by SEC shows that Robert took the first step of this scam, fearing the sharp drop of AMRE’s stock price because of the poor performance of company. He abetted Brown, to practice three main schemes to present a false appearance of profitable and pleasant financial reports. Firstly, they instructed Walter W.Richardson, the company’s vice president of data processing, to enter fictitious unset leads in the lead bank and they originally deferred the advertising cost mutiplying “cost per lead” and “unset leads” amount, so that they deferred a portion of its advertising costs in an asset account. The capitalizing of advertising expenses allowed them to inflate the net income for the first quarter of fiscal 1988. Secondly, at the end of the third and fourth quarters of fiscal 1988, they added fictitious inventory to AMRE’s ending inventory records, and prepared bogus inventory count sheets for the auditors. Thirdly, they overstated the percentage

By the definition of relative deprivation theory alone I can answer the question with a yes. College educated, high economic status workers can be envies’ of other people just as easy as the next person. They also can feel deprived of something to which they feel entitled to. Maybe the reason they do some of the crimes are different than others but they do the crime just make themselves feel equal or maybe to bring the other person down a level to show them that the person is really not that much better than themselves. I can think of two different types of crimes that a white collar crime could happen. First being that a working has been with a company for many years and fells he has showed them no reason not to give them a raise or

In our society there is many different types of crimes, I will be focusing specifically on street crime and white-collared crime. Each of these criminal communities has criminals that in the end are just trying to reach a goal. Whether it is the American dream of living in luxury or just trying to make ends meet. “White collared” crime is defined as a nonviolent criminal act that is motivated by financial gain. Then there is “street crime” which is defined as a criminal offense that is committed in a public place. Some examples of white-collar crimes are: embezzlement, corporate price-fixing, fraud, bribery, forgery, money laundering, cybercrime, copyright infringement, etc. While some examples of street crime are: robbing, murder, rape, sale of illegal drugs, assault, auto theft, etc.

He disagreed and argued that respectable people from the upper social classes committed a great deal of harmful criminal acts in the course of their occupations and in the furtherance of their economic and business interests (Quinney, 1964). According to Sutherland (1949), upper-class criminality was ignored by the government and the general public because the perpetrators did not fit the common stereotype of the criminal. A white-collar offender is referred to as a person who commits a financially motivated nonviolent crime through a business and/or governmental job (Braithwaite, 1985). Within criminology, the term white-collar crime was clarified further by Edwin Sutherland in 1939 as "a crime committed by a person of respectability and high social status in the course of his occupation" (Quinney, 1964).

The stamp act was a British tax enacted on the colonies by the parliament in 1765. The act taxed all paper items from important legal documents to playing cards and the stamp prices would vary by a the type and content of paper. People would have to pay the stamp distributor for their paper which was so crucial to the British government that counterfeiting stamps was punishable by death. The act was passed to pay for the French- Indian war. And although the intentions were good there was an uproar of mixed reactions all over America. The general public opposed the act and acted in violent matters and even burned one stamp distributors house down. The richer public would say that they were against those "barbaric ways" and would petition the government instead , but their outcries were ignored. The stamp collector's also

Larceny is defined as the wrongful taking and carrying away of the personal goods of another from his or her possession with intent to convert them to the takers own use. To say it plainly, larceny is stealing someone else’s property. No matter what reasons there are behind stealing, it is still wrong. I imagine there are many reasons for a person to decide that it is worth the risk to steal something. There are certain people who do not think this is wrong to steal someone else’s property. A large part of this is because people do not understand who or what they are harming when they steal. Most people who commit larceny do not look at the big picture and realize what they are doing and how it affects

The laws against higher status crime, the White Collar crime, are therefore relatively lenient and rarely enforced, but the laws against crime which is committed by those with a lower status, are harsher and more often enforced because they are so visible and detected much more easily. The activities of White Collar crime occur on a daily basis, but there is no public outcry or moral panics about it and therefore no legislation made, whereas, 'street' crime attracts massive law enforcement. As Jeffrey Reiman (2001) so aptly stated, "The rich get richer and the poor get prison".

The Stamp Act was a central act familiarized by British Prime Minister George Grenville. It was voted for on March 1765 by the British Parliament. Its tenacity was basically a fund raiser for the British army which were positioned in the American colonies. The Stamp Act required tax stamps for any public papers such as, deeds, legal and customs documents, almanacs, license, newspapers, and even the simplest things like a deck of cards. Subsequently, Britain was burdened with a giant national debt in result of the Seven Years’ War. Conversely, the British parliament believed that since the colonies were benefactors of the war, they should have to help out by contributing to the expenses. As one can imagine, the American colonies opposed this

The rich engage in white-collar crimes, whereas the poor engage in more armed robbery type of crimes. Both are equally harmful to society. White-collar crimes are not as easily identified as street crimes. Also, white-collar crime perpetrators can use their power and influence to avoid prosecution. Street crimes, which are often committed by lower class, do not have power to influence and avoid prosecution. In addition, the privileged can often afford expensive lawyers and are sometimes on a first-name basis with the individuals in charge of making and enforcing laws, which gives them an advantage. Members of the lower class generally do not have these advantages. Conflict theory also states that the individuals we generally label as irregular are also quite powerless. For example, if we think about the powerless that have no means of financial stability often engage in criminal activity to survive. This activity according to law, which is made by the upper privileged, is considered wrong and requires punishment. Such activity can include prostitution. Prostitution is illegal and the criminal is sentenced to jail, which minimizes their opportunity to progress in society. They now have several sentenced accounts, which makes it harder fro them to fin a good job in the future,

White-collar crime is defined as the financial motivations of non-violent crimes that are committed by professionals of business and those of the government. In the field of criminology, Edwin Suthelan (1939), a socialist who was the first person to define white-collar crime as a crime that respectable and those people of higher social status commit. The crimes include those associated with fraud, bribery, embezzlement, cybercrime, money laundering, theft of the identity and many more crimes that are nonviolent. For the white collar crimes, the offenses committed should produce some gains financially. The crimes are thereby committed by those persons holding various positions in businesses or organizations, and it is because of this position they can gain access to amounts of huge money that they get from the people like customers with whom they serve. The criminals involved are not caught in activities that are violent, involved in drug issues or illegal activities.

White-Collar Crime consists of occupational crime and corporate crime. Occupational crime refers to offences committed against legitimate institutions businesses or government by those with "respectable" social status. It includes the embezzlement of corporate funds, tax evasion, computer crime and expense-account fraud. It is not every day that we hear about white-collar crimes but these non-violent crimes are on the rise to the top. Federal Bureau of Investigation states that USA, for example recorded white collar crimes amounting $300 billion every year (Cornell University, 2010). White-collar crime is relatively a new idea. It has many aspects that are practical for study and further interpretation to clear some of its dark areas. White-Collar Crime was once introduced by Edwin Sutherland in 1939 during his speech in American Sociological Society. The following crimes actually performed are Bribery, Extortion, Insurance, Fraud, Embezzlement, Cybercrime etc. People who participate in these criminal activities are highly powerful and respectful among the society. The following activities include description about White-collar Crime, Investigation of White Collar Crime and The Consequences of committing a White-collar Crime.

Crimes are commonly broken down to and classified into one of three categories: blue collar crimes, white color crimes and green collar crimes. Blue collar crimes are basically described as crimes that are committed by a lower social class unlike white collar crimes are more likely to be committed by people from a higher social class. Examples of blue collar crimes are: Armed Robbery, Assault/Battery, Burglary, Shoplifting and Forgery. Now that doesn’t mean that people from a higher social class do not commit these types of crimes but statistically those from lower social class are more likely to do so. “Of the millions of common-property and theft related crimes that occur each year, most are committed by occasional criminals who do not define

White Collar Crime by Edwin Sutherland, published in 1949, is a study in the theory of criminal behaviour. Sutherland states that this book is an attempt to reform the theory of criminal behaviour only, not to reform anything else. And although it may include implications for social reforms, this is not the objective of the book. Sutherland define white collar crime as ‘a crime committed by a person of respectability and high social status in the course of his occupation’ (pp. 9). He adds that it excludes many crimes of the upper class, such as murder, intoxication, and adultery, because these are not usually part of their occupational procedures. He goes on to describe white collar crime as being similar to juvenile delinquency in the sense of the stigma generated from each crime. In both of these crimes the procedures of criminal law are altered so as not to attach stigma to the offenders. Finally, Sutherland writes that crimes are committed across all social classes, not just people in lower classes or living in poverty, contrary to popular belief at the time of publication.

In the twentieth century, White Collar and Organized Crimes have attracted the attention of the U.S. Criminal Justice System due to the greater cost to society than most normal street crime. Even with the new attention by the Criminal Justice System, both are still pretty unknown to the general public. Although we know it occurs, due to the lack of coverage and information, society does not realize the extent of these crimes or the impact. White Collar and Organized is generally crime committed by someone that is considered respectable and has a high social status. The crimes committed usually consist of fraud, insider trading, bribery, embezzlement, money laundering, identity theft or forgery. One

Sri Lankan Agent Dhillon, a trader from Sri Lanka, met Riyaz at Pack Tech’s stand at a packaging exhibition in Dubai in 2001. Dhillon showed interest in promoting Pack Tech’s products in the Sri Lankan market. Since the Sri Lankan market was new to Riyaz, he agreed to cooperate with Dhillon and offered the best price and direct service to his customers without any credit facility. Until 2003, Dhillon bought an average of US$20,000 worth of material every month through letters of credit (L/C) and sold it in the Sri Lankan market.