Research Paper On White Collar Crime

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Recommended: White collar crime

Matthew Love
HW 4 Crime
White Collar Crime
A social problem associated with crime and criminal justice is white collar crime. White collar crime encompasses several crimes including fraud, money laundering, tax crimes, and embezzlement. White collar crime is considered differently than other crimes because of the offender's social status, demographics, and psychological characteristics (Cohen 2016). Those who commit white collar crimes are make more rational decisions than violent offenders, and they as equally likely to be committed by men as they are women (Cohen 2016). Those affected by white collar crime come from all races and genders. Although victims of white collar crime tend to be older and middle to upper class (Crime 1990) Statistics on white collar crime reported by law enforcement can be limited because the victims may not know who to report the crime to (Cohen 2016). There is a financial burden on the society as a whole. After the financial crisis of 2008 brought on by several different kinds of white collar crime such most importantly mortgage fraud, investors lost more than 7 trillion dollars. A lot of which was invested for retirement and college tuition (Cohen 2016). There is also a physical component to white collar crime associated with corporate negligence and not adhering to safety standards and regulations. One example is the E-coli …show more content…

C. (2007). The goals and promise of the Sarbanes–Oxley Act. The Journal of Economic Perspectives, 21(1), 91-116.
Cohen, M. A. (2016). The Costs of White-Collar Crime. In The Oxford Handbook of White-Collar Crime (p. 78). Oxford University Press.
Crime, W. C. (1990). Victims of fraud: Comparing victims of white collar and violent crime. Bull Am Acad Psychiatry Law, 18(1).
Friedrichs, D. O., & Salama, O. (2015). White-Collar Crime and Public Policy: Crimes of High Finance and Environmental Crime. US Criminal Justice Policy, 315.
Kaal, W. A., & Rule, V. (2016). Dodd-Frank

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