Examining the Article: Managers’ Business School Education and Military Service: Possible Links to Corporate Criminal Activity

White Collar crime is not a crime unto it self, but instead a criteria that has to be met in order for a crime to be considered as White- Collar Crime; (Blount, 2002) hence the reason why Corporate Crime is also considered as White- Collar Crime. At the same time, White Collar Crime and Corporate Crime can be seen as distinct criminological categories, however, in order to reveal this, this essay will firstly be exploring Sutherland's definition of white collar crime and the perplexity with this definition of white-collar crime. It will then be looking at the modification which had to take place with Sutherland's definition of white-collar crime in order to established a distinction between white-collar and corporate crime.

3.1.10. Management and Leadership ................................................................................. 8 Context Analysis ............................................................................................................ 8 Competitors and Industry Analysis .............................................................................. 11 Key Competitors ................................................................................................... 13 Market segmentation and target market group ..................................................... 16 Customer Analysis ....................................................................................................... 14 Collaborators ................................................................................................................ 17

This essay discusses Sutherland’s concept of white collar crime in the light of whether it is still appropriate in the 21st century. It is worth noting that white collar crime is often perceived as a less serious crime in the society. This is based on several reasons including the fact that the crime receives less media coverage. This incomprehensive media coverage of white collar crime may be attributed to the complex nature of the crime, which makes many incidences go unreported. In other words, it is often difficult to pin point one person as the perpetrator of the crime as it would happen with the case of robbery, knife crime, or drug trafficking. However, white crime remains a serious crime and one that can have serious negative

White-collar crimes are just as prevalent today as ordinary street crimes. Studies show that criminal acts committed by white-collar criminals continue to increase due to unforeseen opportunities presented in the corporate world, but these crimes are often overlooked or minimally publicized in reference to criminal acts on the street. Many street crimes are viewed as unnecessary, horrendous crimes because they are committed by lower class citizens, whereas white collar crimes are illegal acts committed by seemingly respectable people whose occupational roles are considered successful and often admired by many (Piquero, 2014). These views often allow white collar crimes to “slip through the cracks” and carry lesser charges or punishment.

Most everyone goes home after a long day of work and watches the news. Think, what is usually reported? The weather, local activities, headline news, or daily criminal activity. Shootings, stabbings, homicides, etc. are all discussed by media anchors these days. This causes most everyone in our society to become familiar with crimes that are considered street crimes. What most people don’t hear about on the news is what is considered white-collar crime, sometimes known as corporate crime. White-collar crime not only is less reported in the media but also receives weaker punishments than street crime. This paper will first discuss the similarities between the two types of crime and then explain why their punishments are strongly

The question before our society is not whether corporate crime is a victimless crime, rather the question is what should be done about it? Corporate crime doesn’t just do harm to the investors that can be unknowingly damaged by these crimes, it has a much more insidious nature to it as it has done harm on global scales. Corporate crime is almost a misnomer because many of these criminal wrongdoings are for the most part legal, when not taken to their ultimate conclusion. Society within the United States has been taught that the man in the brief case, yelling at other men in dark coats on the flow of the stock exchange are the smartest guys in the room. This paper will attack that idea on many levels, the first salvo will be

For instance, it has been argued that news media is primarily concerned with reporting on white-collar individuals or corporate defendants that readers or viewers will have heard of, such as celebrities or notable individuals in society (Jewkes 2004, 49; Levi 2006, 1044; Levi 2009, 60). This concern leads to the focus of agency in the portrayal of white-collar crime, rather than the depiction of the structural embeddedness of crime within the organisation culture. Moreover, past study has shown that majority of white-collar crime portrayal in the news media has focused on crimes of individuals and their punishment, in order to minimise the negative publicity of corporations (Benediktsson 2010, 2202-2203). The news coverage of white-collar crime has been selective (Stephenson-Burton 1995, 137), as seen in the higher coverage of white-collar crime stories involving well-known individuals. Therefore, the element of dramatisation is constructed through the ways individuals are represented in the media, by focusing on the lifestyle and wealth of the offenders, generated from the crime they

Based on the information presented in the PBS documentary and the TIME article, describe how the behaviors of corporations, such as Ford, Firestone, and the financial institutions on Wall Street, could or should be understood as crime whether or not they have been prosecuted? How do these activities differ from those involved in “typical” street crimes?

In 1939, American sociologist Edwin Sutherland introduced the phrase “white-collar crime”. White-collar crime is a nonviolent crime committed by a business or large corporations. They are usually scams or frauds to gain wealth in society. The people who are guilty of this crime lie, cheat and steal from investors of their company or business. Even though these crimes are non-violent, they have major impacts on the society. Their companies become non existent and families get destroyed. All of their life savings and savings for their children get taken away, and they become bankrupt. Not only does it affect their families, the investors who believed in their business lose millions or even billions of dollars.

A corporation is an artificial person established by the law. It nurses the same rights as humans contrariwise; they are not equally responsible for their actions. A corporation cannot face the same charges a human would: if illegal actions took place. Bakan illustrates the traits of a corporation to closely resemble the traits of a psychopathic individual human being. These traits are, but not limited to: “1) unconcern for others, 2) incapable of maintaining relationships, 3) disregard for others safety/health, 4) repeated lying, 5) incapable of experiencing guilt, and 6) failure to conform to social norms.” Therefore, executive’s means for earning high returns for shareholders can be seen as a trait of a psychopath. Yet, the corporation’s attributes are not based on the qualities of the executives outside of their careers. As Bakan would say, “the people who run corporations are, for the most part, good people, moral people.”

Whatever the reason for the triple standard between punishing people crime, punishing corporate crime, and punishing government crime, we should start by asking if the U.S. government really cares about non-violent crime. Even though we have very strict regulations on everything from money laundering to banking transparency, banks like Standard Chartered and Barclays have took hits for corporate crimes. Bribery allegations, fines and settlements have hurt businesses such as Siemens, KBR, and Alcatel-Lucent.

In today’s society crime occurs everyday across all aspects of life. One particular crime is that of white collar and corporate level crime. It is important that we as a society study this type of crime in depth because many individuals believe that white collar and corporate level crimes are victimless crimes when in reality they have the potential to destroy major corporations and economies all with one single case. The news or media rarely talk about this type of crime because it is often difficult to understand and individuals typically lack interest in these types of cases. One particular case is that of Jordan Belfort. Dubbed the infamous “Wolf of Wall Street” Jordan Belfort is a former stockbroker who robbed investors of over $200 million dollars to create his wealth through “pump and dump” schemes, insider trading, money laundering securities fraud, and stock-market manipulation. As an attempt to further understand these complex cases I will break down Belfort’s case as far as the methods and means as to how he got started, his use of “pump and dump” schemes and other means as to how he acquired his wealth. In addition to this I will discuss the sanctions and disciplinary action that Jordan Belfort was given, how the case affected society and what new regulations were

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

Quinney (1964), “Because the validity of white collar crime as a form of crime has been a subject of severe controversy, the question of conceptual clarity has largely been ignored. Today, as a result, the meaning of the concept is not always clear” (p208).

A corporation is an artificial person established by the law. It nurses the same rights as humans contrariwise; they are not equally responsible for their actions. A corporation cannot face the same charges a human would, if illegal actions took place. Bakan illustrates the traits of a corporation to closely resemble the traits of a psychopathic individual human being. These traits are, but not limited to: “1) unconcern for others, 2) incapable of maintaining relationships, 3) disregard for others safety/health, 4) repeated lying, 5) incapable of experiencing guilt, and 6) failure to conform to social norms.” Therefore, executive’s means for earning high returns for shareholders can be seen as a trait of a psychopath. Yet, the corporation’s attributes are not based on the qualities of the executives outside of their careers. As Bakan would say, “the people who run corporations are, for the most part, good people, moral people.”