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Theories about white collar crimes
Theories about white collar crimes
Characteristics and causes of white collar crime
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On March 5, 2004, Martha Stewart, a successful business woman and the founder of Martha Stewart Living Omnimedia was sentenced by the jury to five months in prison at a minimum-security federal prison, another five months of home confinement along with 19 months of probation and $30,00 fine. Stewart was found guilty on four counts in what seemed to be known as white-collar crime. In this paper, I will briefly explain, identify and answer respectively in order on the three topics of, what crime did Martha Stewart commit, what evidence did the jury appear to find most convincing and whether should Stewart have received prison time. I will be using my own ideas along with the researches from reputable and credible sources to support my ideas. First, what crime did Martha Stewart commit? Before answering this question, I would like to briefly explain and identify the nature and some of the developments of the case. The troubles started when Stewart sold approximately 3,928 of her shares on the company called ImClone System on December 27, 2001. According to (Sullum, 2004), Stewart sold ...
The news article that I decided to do my assignment on is about a bank manager, Debra Anne Chapin, that embezzled 2 million dollars from a bank. The news article’s title is, “Former manager jailed for cheating bank out of $2M; Woman used cash to pay bills, gamble and feed her cocaine habit.” The crime took place in Calgary between June 1, 2006 and June, 30 2008. This embezzlement is a classic case of white collar crime and demonstrates numerous criminological theories.
Even when the second Wes Moore's mother found, “the Nike box” (Moore 73), she did not put a serious end to it, nor did she pay any attention to the warning signs, such as new clothing and several pairs of brand new shoes, before she found the box. Then when she did find out the truth, she did not give him any serious punishment for his crime, she only threw out the substances after realizing that “both of her sons were drug dealers” (Moore
Watch the attached video and reflect on it in your discussions. What do you think of what Alonza did? What do you think about his sentence? Would you have given a different 'punishment,' if so, what? and why? And anything else you may want to add.
Bibbings , Lois , and Donald Nicolson. 2000. “General principles of criminal law'? A feminist
A class trip to Aruba should be an unforgettable experience, something that the students will never forget. However, for class of 2005 at Mountain Brook High School, it will be memorable for all the wrong reasons. Natalee Ann Holloway was both blonde and beautiful. She was also very friendly and well known in her hometown. The class trip was supposed to be the best time of their life for some students, but it was also the end for another. May 29, 2005, seemed like an ordinary day of fun in the sun. “Holloway and a large group of students went to Carlos 'N Charlie's Nightclub in Oranjestad, Aruba,” (Federal Bureau of Investigation). After Carlos 'N Charlie's closed around 1:00 A.M. some students headed back to the Holiday Inn where they were staying, and others gathered at various area bars (Federal Bureau of Investigation). While these bars seemed like a very ordinary and fun place to hangout, predators lurked there.
As we lose ourselves and our values, worth, and identity as people in the corporate culture, the objectives of monetary profit, status within a company, and machine-like work ethics replace our ethical judgement and our values as people. Perhaps there is nothing we can do about it; after all Skilling and Fastow did not realize what they were doing is immoral and illegal until they were sentenced or even released from their sentence. We are all too absorbed in this capitalistic corporate world we live in. Just like the ancient Chinese philosopher Fu Xuan said, “He who is close to the ink will be stained black,” (Fu, “Prince Shao Fu Xuan”), We have been too used to the immorality and unethical practices of corporate culture that we’re not only numb to the wrongdoings of others within this capitalist society, but we also replace our values as people and our ambitions to do good with objectives of the corporate world. Prebbles posed us the question that after centuries of capitalism’s existence in our society, will our ambitions to do good prevail against our monetary desires and the corporate norm of only profit-driven decisions?
A strong example of this would be the recent exploits at the Woodstock 99 music festival.
Everywhere you look, there she is. Martha Stewart has invaded every avenue of domesticity. Her "radiant presence... seems to be infinite, like that of the Almighty, or of Starbucks" (Lippert & Ferguson: 26*) The outposts of her "omnimedia empire" are quite fortified (Africannet page). Reigning over a vast technical spectrum, her multi-million, multi-media kingdom includes a magazine with a circulation of 1.2 million, a syndicated column, and a TV show with audience of 5.3 million, but she does not have an official web site (Lippert & Ferguson: 26). There are numerous webpages that fans and foes have dedicated to her.
"… Cynthia Hood, 55, was entitled to a lighter sentence because she was not the ringleader of fraud and because her children would be in jeopardy without her presence"("Furst"). Cynthia Hood is one of many people who thought they would get away with criminal actions, yet her husband did the time in jail, even though she had the money behind her. Even though wealthy people believe they would get away with their crime they still had to pay the
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 different.
An orange jump suit, handcuffs, and a jail cell seems like the life of a criminal, but what about a celebrity worth $638 million? For five long months that life was Martha Stewarts. Though Stewart was already a famous business women, this situation caused an abundance of drama and commotion. Stewart overcame this, by serving her time and becoming better, which is something she learned from her parents and throughout college. While prison was a challenge, she overcame it, and has impacted lives all over the nation since.
Shover, N, & Hochstetler, A. (2006). Choosing white-collar crime. New York, NY: Cambridge University Press.
Dominic Harge AS English 2 Period 3 27 Oct, 2016 Ms.McCabe Witness Statement I’m Martha Stewart. I was born in Jersey City, New Jersey, and I own 95 percent of a cooking company with a net worth of 12 billion dollars I am deemed fit to aid in this trial due to my controversial life story, I was very fortunate growing up I modeled, then worked on Wall Street after I graduated Barnard with a degree in European and Agricultural history Later, I was the author of the bestseller Entertainment and made a total of 763 million dollars annually I was arrested on several counts securities fraud, obstruction of justice, conspiracy and making false statements to prosecutors and the FBI This was after I had sold several stocks and shares of an unapproved cancer drugs I am defending the philosophy of William Golding that humans are savage by nature Greed and money is a great factor in the influence of human nature being when humans gain more money in turn they become more greedy There will always be evil so long as there is money Throughout my lifetime I have not faced many hardships I grew up alongside my 6 siblings and I have been a member of the American Civil so unfortunately I did not have much attention.
The purpose of this case report is to identify the legal and ethical issues in the Martha Stewart case study. I will discuss these issues, compare Ms. Stewart’s actions against the ethical theories, draw conclusions to the lessons learned, and make recommendations to limit future outcomes.
Champion, D 2011, ‘White-collar crimes and organizational offending: An integral approach’, International Journal of Business, Humanities, and Technology, vol. 1 no. 3, pp. 34-35.