Penalties for White Collar Crime Essay

1101 Words 5 Pages
White collar crime has been discussed more frequently in the last few years. The news has made society aware that white collar crime occurs almost as often as other criminal activity. In fact, white collar crime is one of the most costly crimes. It is a billion dollar criminal industry. White collar criminals seem to continue to engage in the criminal practices because there is no set standard in the penalties given to those that are caught. A look into the public’s perception on whether the penalties given is harsh enough for white collar criminals since most types of crimes have a set of standard penalties for those convicted. A standard set of penalties needs to be looked at for white collar crimes to help in eliminating …show more content…
Vary rarely do a white collar criminal ever face a life sentence for the thousands upon thousands of dollars they have cost a company and members of society.
Compare and Contrast Penalties
Many of the judicial systems in the United States look at white collar crimes as being non-violent. This in turn causes those involved in white collar criminal activity to face lesser sentences than a person that robbed a bank which could easily face up to twenty-five years in prison; yet they did not acquire as much money as one that was involved in white collar criminal activity. In fact, “it would be more appropriate for the criminal justice system to determine what degree of aggression was perpetrated by the offender against the victim to assess harm” (Perri, J.D., CFE, CPA, 2011, p. 23). By doing this, punishments for white collar criminals would change. The penalties should be very similar to robbery and burglary since all typically involve money that is taken,; especially in financial robbery and burglary. White collar criminals should even be able to face the same penalties as someone charged with assault. The white collar criminal may not have inflicted physical damage, but did hurt the victim mentally. On the other hand, white collar criminals should not face the penalties as some who has taken a life. Even though the victim may seem like their life is over, but it can be rebuilt.

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