White Collar Corruption

Why discuss the development of the marketplace? Why is it central to the concept of white-collar crime?

from his prosecution and being able to find a verdict to plead him guilty. With many crimes he

As said in every economics class, the reason every business goes into business is to make money. The same can be said in criminal cases involving businesses. In the majority of cases, executives and people highly ranked in the company tend to bend the numbers in the financial/accounting areas of the business or corporation. They do not do this for fun, but rather to make money. Something needs to be done before corporations really get out of hand.

Seymour M. Lipset2 contends that negative traits that plague the American landscape, such as “high crime and economic inequality”, are fundamental characteristics of and are inherently linked to a capitalistic and openly admirable democratic society. Not only does American history reside in the nature for “disdain of authority”, but current American norms signal that everyone must elevate their own status and rise above the ranks, both economically and socially. In analyzing the trends of high crime, acts such as theft, narcotics production and distribution, fraud, etc. are a means to

White-collar crime poses a vexing problem for the criminal justice system (CJS). It is an

Is jail time necessarily a true deterrent to white-collar criminals? Why or why not? Give examples, with explanations supporting your examples.

As early as the 1920’s and during the prohibition era, law enforcers were taking briberies due to their low salaries and corruption was believed to be “extended to the highest levels of government (Hanson, 2017). If this is true, corruption certainly has had “roots” in our criminal justice system for a long time. Money, for “self -interests” seems to be the leading cause for such corruption. The Rampart “Crash Scandal” of 1998, exposed deep flaws in the entire Los Angeles County legal system and was said to “seriously be out of balance” (Cannon,

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.

What Causes White Collar Crime? Danny owns a fish market in Seattle. His is one of the five top markets in the Pike Place Market area. He and the other owners of the fish companies get together once a month and set their prices for the month. Danny and the other owners are committing a white collar crime called price fixing.

The article, “Public perceptions of white collar crime culpability: Bribery, perjury, and fraud”, discuss the difficulties of certain white-collar behaviors. Research will attempt to explain the consistent and inconsistence of the perception with a current law. The study has proven that laypersons concerning white-collar crimes are comfortable when deciding these crimes fairly. Participants viewed bribery as a non-criminal act by the office holder under the American federal law. Individuals that commit white-collar crimes are not hoarse punished rather than those that commit street crimes. The laypersons view white-collar crimes vs street crimes, which include relative seriousness and grading white-collar crime data. Bribery is considered

Studies have indicated that the public now judges white-collar criminality to be more serious than it had been in the past, people now have lost confidence in the people running major companies, and most American corporate executives are believed to be dishonest. The public's concern with corporate crime has grown recently, but has been evident for several years. Corporate crime has also been linked to political leaders in this country. Corporate crime is a crime of power and profit for the offenders. Large and powerful corporations who have the support of prominent political leaders can be difficult to prosecute in corporate crime cases. At the Progress & Freedom Foundation conference held at the Mayflower Hotel in Washington, D.C., Speaker of the House Newt Gingrich (R-Georgia) was asked why he spent so much time addressing the issue of street crime and violence, while ignoring the issue of corporate crime and violence. Gingrich answered, "If I went around the country and said, 'Vote for us and there will be no more white-collar fraud,' the average voter will say, 'I don't think he gets it.'" But corporate crime is more than just white-collar fraud. And one reason that Gingrich doesn't address the issue of corporate crime might be because one of the corporations that has brought him to power is Southwire Co. of Carrollton, Georgia. Southwire has close ties to

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

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

In this day and age, a corporation, family, or individual always has a potential risk of encountering fraud within their money supply. On average, fraud and abuse costs U.S. organizations more than $400 billion annually (Federal Bureau Investigation, 2010). Many may think that white collared crime is only money laundering or stealing, but that is only two out of the sum that countless culprits get away with. The term “white-collar crime,” originally coined in 1939 is synonymous with the full range of frauds committed by business and government professionals (Federal Bureau Investigation, 2010). These frauds include anything from bankruptcy fraud, money laundering, identity theft, corporate fraud to a wide number of threats all circling

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).