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The theory of white collar crime
The theory of white collar crime
The theory of white collar crime
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Enterprise, Contrepreneurial, and Techno White Collar Crime
When you look at enterprise, contrepreneurial, and techno white collar crime you will find it to be a more of an admixture of white collar crime, or perhaps a more advanced form of white collar crime. These crimes may not always be considered white collar crimes to some, but whether or not a person chooses to take it as a white collar crime or not, these are some highly manifestations of crime (Friedrichs, 2010). The question is which one of the three types of crimes are the most contemptible?
Enterprise crime Involves illicit entrepreneurship and commerce. It provides the framework for organized and syndicated crime. Enterprise crime is ultimately the crimes of legitimate businesspeople,
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The classic example of contrepreneurial crime is the big con, which involves the activities of a con man, or a smooth-talking, quick thinking, though mostly nonviolent, criminal who takes money, from victims through acts of deception (Friedrichs, 2010). The activities of professional criminals sometimes referred to as con men or grifters, have often been subjects in films such as The Matchstick men and Catch Me If You Can. In the movies though these men are often portrayed as fun characters or even romanticized perhaps (Bethune, 2016). The attributes of professional criminals differ from the typical white collar criminal in that they possess highly developed skills for committing certain types of crimes, enjoy high status in the criminal world, and typically become involved in professional affiliations with other criminals of similar inclination (Bethune, 2016). This criminals often have no issues in being more likely to accept their status as criminals so they make a deliberate decision to engage in white collar crime, professional criminals being more likely to have decided to engage in their activities, as opposed to the typical white collar criminal who see a chance to make money and end up committing a crime (Bethune, 2016). One of the most popular types of con men crimes are Ponzi Schemes This scam is named after Charles Ponzi, who, in 1920 convinced thousands to invest in a scheme …show more content…
Common forms of technocrime include computer crime, identity theft, and telecommunications services theft. Technocrime includes any illegal or unethical treatment of secured information, hacking, identity theft, and certain types of unlawful usage of the Internet. Nearly everything these days has become dependent upon the use of technology, things ranging from banking, maps, phone calls, and other forms of communications (Friedrichs, 2010). We so much dependency on technology, and no signs of it slowing down, technocrime may be the worse of the three crimes covered in this paper (Friedrichs, 2010). A single computer virus can shut down an entire government, hacking a retail stores credit and debit database can lead to a massive reissue of credit cards and a fear of stolen credit. Entire bank accounts have been cleared out by hackers, and car accidents caused by hackers getting into automobile computer systems (Friedrichs,
2 Companies are exposed to crimes either from the inside, or the outside. White-collar crime is a complication; harming companies in our society, which costs millions. An example of a white-collar crime would be the Ford Pinto case. When gas prices were rising in the United States, people started to search for economical cars.
The Hacker Crackdown: Law and Disorder on the Electronic Frontier by Bruce Sterling is a book that focuses on the events that occurred on and led up to the AT&T long-distance telephone switching system crashing on January 15, 1990. Not only was this event rare and unheard of it took place in a time when few people knew what was exactly going on and how to fix the problem. There were a lot of controversies about the events that led up to this event and the events that followed because not only did it happen on Martin Luther King Day, but few knew what the situation truly entailed. There was fear, skepticism, disbelief and worry surrounding the people that were involved and all of the issues that it incorporated. After these events took place the police began to crackdown on the law enforcement on hackers and other computer based law breakers. The story of the Hacker Crackdown is technological, sub cultural, criminal, and legal. There were many raids that took place and it became a symbolic debate between fighting serious computer crime and protecting the civil liberties of those involved.
The nature and damage of white-collar crime can result in a variety of punishments for the offender. Some sanctions being time in prison, some being fines, and others being a combination of both. For example, Chalana McFarland who was a real estate attorney and was accused of fraud, money laundering and other crimes costing investors $20 million. She was charged with $12 million in restitution and thirty years in prison (Haury, 2012). Another example would be Bernie Madoff, who owned Madoff Securities, was involved in a Ponzi scheme. It is believed that investors lost $50 billion dollars. Curently Madoff is serving a 150-year sentence in a prison in Butner, N.C (Haury, 2012). As these white-collar crime cases show, the costs of these crimes can be quite serve and earn life sentences as well as very hefty fines. Moreover, white-collar crimes have huge economic effects on victims, often causing life altering losses. Under consideration white-collar crimes are quite high-cost actions that hold large possible punishments and large ethical issues. In a research experiment done by Christian Seipel and Stefanie Eifler, a theory branching from rational choice theory was tested in relation to crime. The theory they explored was referred to as high- and low- cost theory. This theory discusses the factors that influence low cost crime and high cost crime. Low cost being defined as crimes that have low
E.). There are various costs of white-collar crime, although an accurate measurement is not easy, they are hard to asses as well as very complex. There are enormous financial losses, sometimes physical damage as a result of negligence, as well as social costs: weakened trust in a free economy, confidence loss in political organizations, and destruction of public morality. “White collar crime could also set an example of disobedience for the general public, with citizens who rarely see white-collar offenders prosecuted and sent to prison becoming cynical about the criminal justice system” (Conklin, J. E.). White-collar crime is undeniably a crime and often encompasses elaborate
Today, worldwide, there are several thousands of crimes being committed. Some don’t necessarily require a lethal weapon but are associated with various types of sophisticated fraud, this also known as a white-collar crime. These crimes involve a few different methods that take place within a business setting. While ethical business practices add money to the bottom line, unethical practices are ultimately leading to business failure and impacting the U.S. financially.
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 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 the criminal behavior and saving society billions of dollars a year.
...o be intense for arrests for white collar crime than for predatory violence or drug dealing. Indeed, political pressure is more likely to be exerted in blocking or derailing white collar crime investigations than in conventional crime cases, and the police can operate effectively against white collar crime only to the extent that they are relatively free of political influence” (2010:278). Until political influence and the powers of corporations are subdued little can be done to battle this type of crime. People who commit this type of crime have the power to avoid prosecution primarily due the powerful corporations they work for or the institution they are a part of.
The modern underworld crime of today consists of business men and women with a strong knowledge of computers. Old world ways such as killing, riots, and vendetta have been done away with. Today's "mobsters" are highly educated extortionists dressed in suites.
...crimes rather than on street crimes. Rarely will you hear of these crimes on the news until after sentencing has taken place. Unfortunately, corporations can easily afford to pay thousands or even millions of dollars in penalties and fines therefore penalties need to be increased greatly. Due to corporate power, white collar crime is hard to prove even once it is suspected. Determining who began the crime and trying to persuade a jury whom already has a hard time understanding the complexity of these types of crimes can be difficult.
However, Ezra Stotland discusses that theses white-collar criminals also states that they are arrogant and like a challenge. They also like to assert their egos to prove superior in situations. Accordingly, the core characteristics are good intelligence, unreliability, untruthfulness, lack of remorse, lack of empathy for others and impulsivity. The factor of motivation cannot be an understated point for white-collar criminals whether they have a financial problem they can’t share
White collar crime was first defined by an American sociologist from Nebraska, Edwin Sutherland, in 1939. He defined it as “A crime committed by a person of respectability or of high social status in the course of his occupation”. Now days, it is defined as “A crime that is financially motivated non- violent and committed by business or government professionals.” White collar criminals do not use violence to obtain the money but instead they use deceit and concealment, they misuse their power and trust. It is often seen as a less serious crime although we hear about these types of crime in the news all the time. The most common types of white collar crime are embezzlement, tax evasion, money laundering.
Technology has opened new encounters and opportunities for the criminal justice system. There are so many new practices of criminal activity, such as computer crimes. There are different types of computer crimes that many people become victims of every day. Computer crime is any crime that involves a computer and a network. The computer may have been used in the commission of a crime, or it may be the target ("Computer Crime: Chapter 2: What Are the Crimes?", n.d.). Crimes such as data diddling, pump and dump, social engineering and spoofing are computer crimes. Even though these crimes are difficult by privacy issues, the new technology has made investigations and prosecutions well organized and effective. Though views are different on the pros and cons of specific technological changes in the criminal justice system, there is an agreement the system has changed affectedly ("Effects of Technology in Criminal Justice | eHow", n.d.).
Fraud and white-collar crime are common forms of crimes that people commit in various aspects and positions in the corporate world. Fraud and white-collar crimes have similar meaning as they refer to the non-violent crimes that people commit with the basic objective of gaining money using illegal means. The cases of white-collar crimes have been increasing exponentially in the 21st century due to the advent of technology because fraudsters apply technological tools in cheating, swindling, embezzling, and defrauding people or organizations. White-collar crime is a complex issue in society because its occurrence is dependent on many factors such as organizational structure, organization culture, and personality traits. Thus, the literature review examines how organizational structure, organizational culture, and personality traits contribute to the occurrence of white-collar crimes.
Cybercrime is a global issue plaguing the world. The dictionary defines cybercrime as “crime conducted via the Internet or some other computer network”(Merriam-Webster). The definition remains very broad because the word “cyber” is defined as “relating to the culture of computers, information technology, and virtual reality.” Due to the growing number of people gaining access to the internet, rapid development of technology, and the globalization of the world, more of the world population is becoming susceptible to involvement in cybercrime – whether it be as a victim or a criminal. Cybercrime involves different levels of the world on both the victim and criminal side from an individual citizen, to small groups, businesses, and the government, to the countries of the world. There are different groups from law enforcement agencies to the U.S. Secret Service, that are attempting to combat the problem through cooperation and preemptive efforts. If these groups combined with the public to protect themselves and the country from criminals that commit cybercrime, the nation’s network and technology servers would be much safer for technology users. Clearly, cybercrime is a problem because it puts internet users at risk of being taken advantage of or harmed.