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Conceptions of white collar crimes
The problem of white collar crime
Conceptions of white collar crimes
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STOP RIGHT THERE! White collar crimes are bad, maybe not as bad as other crimes. But, they are still bad! White collar crimes are a financially motivated nonviolent crime committed by business and government professionals. People seem to think, that white collar crimes are not that big of a deal. Others think that they are, people have their title to their own opinions. In my opinion, white collar crimes are bad, any crime is. Do I think it is as bad as other crimes? No, but you do the crime, you pay the time is how I see it. What do you think?
People don’t understand that these crimes can ruin other people's lives. If someone steals someone's credit card stuff and drains their bank account. How is that person supposed to take care of their family? There are many different types of white collar crimes such as money laundering, bank fraud and embezzlement. There is a difference in these different frauds. Money Laundering is concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses. And bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution. If we made it aware of the punishments for commenting a crime, then maybe that would stop people from doing
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whatever they want. The punishment for White Collar Crimes as of right now is a defendant without a momentous criminal record may be sentenced to probation, a small jail sentence or a jail sentence far shorter than the maximum. They may have fines imposed against them, and may be required to forfeit any profits or pay reimbursement to their victims. Forgery and Counterfeiting are less trouble to point the max most people get is 15 months. If the law would shake up the punishment and scare people, they might not do the crimes anymore. Some people say that white collar crimes punishments are suitable.
They say that because they think if it did not kill someone, then they really just comment an amateurish crime! But others say a crime is a crime no matter how big or small. In my personal opinion a crime is bad, some are worse than others. Yes, the punishments should be different depending on the crime. But, if you comment a crime, you should have to be in jail for at least 6 months depending on unscrupulousness of the crime. Someone told me that if its there first offense, then they should not get that big of a punishment and a multiple offence. People agree with that, and I agree with that
too. The main three White Collar Crimes are Blackmail, Credit card Fraud, and Embezzlement. Blackmail is action, treated as a criminal offense for demanding money from a person in return for not revealing compromising or injurious information about that person. Credit card fraud is theft, using or involving payment card such as credit card or debit card. Embezzlement is theft or misappropriation of funds placed in one’s trust of belongings to one’s employer.
The installment of new security could even be a problem, for people who operate these new security systems could also be a potential thief. There is an approach among many enterprises that it is simpler to easily excuse the employee who committed the offense, instead of dealing with the law and the officers; and follow through with the money and time by prosecuting in order to seek restitution. Sometimes the firm does not to acquire the negative publicity that has to do with the internal offense, especially when their reputation is predominant to their company model. White-collar crime is often categorized as a crime without a victim, damaging only large, objective corporations. Recent news broadcasts portray nothing could be farther from the absolute truth.
1. Reiman explains that the idea that white collar crime is taken less seriously is because it protects the elite classes. For example, if the public believes they should fear the poor more than the rich, the rich can commit more crimes and go unnoticed because the population is focused on the poor Reiman explains that that the way crime is explained does not exactly fit what we think crime is. He explains that the notion that white-collar crime being harmless is based on the idea that white collar crimes do not end in injury or death is false because more people’s lives are put at risk than “lower class” crimes. Reinman thinks it is necessary to re- educate the public on white-collar crimes for economic
Capital Murder is a heinous crime. Today i’m going to tell you all you need to know about Capital Murder. This type of crime will normally lead to the death penalty or life in prison which i wouldn’t imagine either one is not preferable so guys try to refrain from murder in general.
White collar crime is a term created by Edwin Sutherland in 1939 that refers to crimes committed by people of higher social status, companies, and the government according to the book “White-Collar Crime in a Nutshell” by Ellen Podgor and Jerold Israel. White collar crimes are usually non-violent crimes committed in order to have a financial-gain (Podgor and Israel 3). A very well known white collar crime that has even been taught in many history classes is the Watergate scandal. This is a white collar crime that was committed by government authorities. Watergate was a crime that shocked the nation.
Unless it is a huge scandal, you will seldom hear of white collar crime through the media. When white collar crime is reported, it gets little publicity compared to a gang shoot-out that killed a mother and her three kids. There is a reason for this. Since violent street crime is predominantly an urban problem, there is no better scapegoat than the lower class that live in these inner-city communities. Since urban communities are concentrated with people of color, the image of minorities soon becomes that of a criminal.
Loans are initially started in 20 century. Before the actual term loan comes into the world. There was so many other names of this term that have same function but have different names like borrowed money from any person with some interest but have a different name. Some called its borrowed money where some called loan. And in 20 century its finally turned to loan.
Imagine that you and your loved one were going out on a typical Sunday night walk. All of a sudden, you hear a deafening sound of a gunshot and you look to see that your loved one had fallen down, and is on the ground, bleeding profusely and is in helpless pain. The felon probably wouldn’t care what happened, and they wouldn’t think much of it. They would only think of it as just that they killed another person. However, the victim’s family wouldn’t let this pass. They would remember this night and be in pain for the rest of their lives. Allowing felons to vote should not be something that is allowed. How would everyone feel if there was a felon that committed gruesome crimes and impacted so many people’s lives in a negative way, that would
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. Consequently, this essay will show in what ways and to what extent white collar crime and corporate crime are distinct criminological categories.
Punishment, when speaking on serious terms, is socially valuable because it deters criminals from repeating their crimes and may keep others from repeating the same acts. If in fact the deterring effect misses its point, it is the fault of the justice system the all the red tape found behind it. At its current standing, the system is viewed as a joke because no authority is taken, no one believes, let alone fears, the system. Both the lengthy time and the high expense result from innumerable appeals, including many technicalities which have little nothing to do with the question of guilt or innocence. If these wasteless amount of appeals were eliminated or at least controlled, then the procedure would be much shorter, less expensive and more
White collar and corporate crimes are crimes that many people do not associate with criminal activity. Yet the cost to the country due to corporate and white collar crime far exceeds that of “street” crime and benefit fraud. White collar and corporate crimes refer to crimes that take place within a business or institution and include everything from Tax fraud to health and safety breaches.
White-collar crime, specifically computer crime, is becoming more popular as computers become more readily available. Crimes using computers and crimes against computers are usually committed without fear of being caught, due to the detachment of the offender from the victim.
White-collar crimes and organizational structure are related because white collar-crimes thrive in organizations that have weak structures. According to Price and Norris (2009), the elites who commit white collar-crimes usually exploit weaknesses in organizational structure and formulate rules and regulations that favor their crimes. Makansi (2010) examines case studies to prove that white-collar crime is dependent on organizational structure. For example, the financial crisis that Merchant Energy Business faced in 2001-2002 occurred due to the liberal Financial Accounting Board, which failed to provide a standard model of valuing natural gas and fuel. Moreover, a financial crisis that rocked the securitization market in 2008 was due to fraudulence in the pricing of securitization products. These examples ...
Their crimes are more widespread, affecting millions of families probably by fraud of services that everyone should have the rights to such as insurance and health care. They may also swindle a majority out of their money for false promises. We don’t punish white-collar criminals justly because they have never directly impacted victims of their crimes but indirectly lessen their means of life financially. It is typically the non violence factor of their crimes that lessen their charges compare to a mugger that may assault their victims.
By contrast, news media tends to disproportionately, under represent and give little to no attention to those lower-level crimes that make up a significant amount of recorded crime (Greer, 2007). These crimes include, corporate and property crimes along with white-collar crimes. White collar crime is among one of the key under-reported crimes and may be defined as “a crime committed by persons of respectability and high social status throughout their occupation" (Sutherland, 1939).
The media contributes to public perception of white-collar crime and the criminals. The focus is rarely on institution or corporation, but instead focused on individuals. The media tends to sensationalize the story with myths about the actual event. The Bernie Madoff scandal is a very good example. Media coverage was more focused on Madoff’s wealth, power, and lifestyle, then on the crime. Like any crime the media can distort the image of the actual crime and it can spread the myths as fact. That leads to the community being misinformed about the correct terminology of white-collar