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Punishment and white collar crimes
Punishment and white collar crimes
White collar crime conclussion
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White collar crimes are fraudulent acts committed for the determined and selfish gain of finance. Three of the most common white-collar crimes are typically fraud, money laundering, and embezzlement. Fraud can happen in many different forms such as insurance fraud, tax evasion, and securities fraud. Fraud is the use of deceitful statements or untrue business deals. Money laundering is a scheme for criminals to hide their identity. Criminals will sometimes launder money through banks and corporations to keep their activities going strong while staying hidden from the prosecution. Embezzlement is the theft of funds belonging to a workplace or one’s employer. Any person working with finances within their workplace who has access or granted authority to make decisions has the potential to become corrupted.
In the case of Julian Assange, his crime that was committed against the U.S. would be considered economic espionage. Economic espionage is the theft of a trade secret with the intent to benefit any foreign government. Assange received classified documents from a U.S army soldier (formerly known as Bradley Manning) Chelsea Manning and proceeded to make them available for the public to view online on WikiLeaks. Mr. Assange is the owner of a website that publishes millions of documents
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to leak classified military or government information from around the world. He does this to expose the back door handling that the public does not get to see, although it is highly illegal. Julian Assange should face the some of the same espionage charges that Chelsea Manning received.
During the time that Chelsea stole the documents, she was going through a whole gender identity crisis. In the month of January which was when Manning began stealing the documents and storing them on her personal computer to send over to WikiLeaks when Manning had the chance. Between the months of January and April, Manning reached out to her supervisor explaining some of the things that have been troubling her for years and the help that she desperately craved. In April, Manning had an altercation with an Intelligence Specialist that led to her demotion and just days before being
arrested. Assange believes that he has built a network of truth by keeping the documents and information as transparent as possible. Most government officials think Assange is committing terroristic actions against countries, people, and companies. In most cases, individuals would say that we should be privy to have this information and understand what is happening behind the curtains of our government military, and what our tax dollars are paying to protect. On the other hand, some information about what actions or sanctions the U.S. are using should not be plastered for the entire world to see. It makes our defense become vulnerable when we have to defend decisions to the entire public, whether or not they are morally right or wrong.
Martha Stewart was charged with securities fraud, obstruction of justice, conspiracy, and civil charges. She had made false statements to F.B.I., SEC, and investors. She withhold information from these organizations about the selling of her stocks with in the company of ImClone. She was convicted and sentence to five months in prison, five months of house arrest, and a full two years of probation.
In May of 2013 Edward Snowden who was then working at a National Security Agency office in Oahu, Hawaii began copying top secret documents that belonged to the American government as he believed the documentation contained unethical and immoral content that he believed the American people and the world in general needed to know about. (Snowden, 2014) The documentation that he collated contained information regarding projects such as Prism, which is a top secret NSA surveillance program that has the ability to access the data servers of some of America's large...
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.
To give the full picture of Edward Snowden I must start before his role in the government. Edward Snowden never graduated from high school, nor did he graduate from community college (Yann 1). In 2003 He joined the U.S. Army briefly until he was discharged when he broke both his legs in a training accident (BBC 1). His first job with the NSA was as a security guard, until he took a job at the CIA dealing with computer security (Yann 2). Edward’s final job, the one that gave him access to the leaks, was in Hawaii with a six figure salary (BBC 2). Snowden was a systems administrator, meaning he had the responsibility to go through the NSA database and move extremely sensitive documents to a secure location (NPR 1). His position was the perfect place for him to leak all the secrets the NSA held close. Edward Snowden’s activities were seen by the NSA the entire time, he didn’t have to hide that he was taking the documents it was his job (NPR 2). Mr. Snowden left for Hong Kong after he leaked his information, but once there he flew to Moscow because Hong Kong had a treaty with the...
White-collar crime is the financially motivated illegal acts that are committed by the middle and upper class through their legitimate business or government activities. This form of crime was first coined by Edwin Sutherland in 1939 as “a crime committed by a person of respectability and high social status in the course of his occupation.” (Linden, 2016). Crime has often been associated with the lower class due to economic reasons. However, Sutherland stressed that the Criminal Justice System needed to acknowledge illegal business activity as crime due to the repercussions they caused and the damage they can cause to society (Linden, 2016). Crime was prevalently thought to only be
The WikiLeaks website says that it accepts "classified, censored or otherwise restricted material of political, diplomatic or ethical significance" but does not take "rumour, opinion or other kinds of first hand reporting or material that is already publicly available". But what are the ethical repercussions of whistle blowing on such a large scale?
Most people consider this crime to consist of CEO’s manipulating their way to making a large fortune. This of course, is true most of the time in high-profile cases. For example, in late 2001 Enron Corporation executives confessed to overstating the company’s earnings. This lead to artificially inflating what the company was worth and deceived the investors. It took some time to unravel all the fraud put behind this devious act but shows how sophisticated white-collar crime can be. Although it’s usually associated with upper management of corporations, people from all different levels and occupations can perform this crime ("How White-collar Crime Works").
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.
Trauma is the consequence of these actions and takes time to move on from; it stays with them incessantly. Similarly, some information is kept from being publicized to the whole world by the government. Wikileaks has done otherwise: material that they disclosed to the world was sensitive material that belonged to the government and did not belong to them. They openly discard confidentiality and accountability rights.... ... middle of paper ...
A growing trend in our society today is corporate tax evasion. It has become increasing more common for corporations to pay no or little income tax, and in some cases actually receive money back from the government. It is illegal and therefore deviant by that definition. Corporate tax evasion (using borderline legal means) is widespread. White-collar crime is a term that is usually applied to crimes associated with business that do not involve violence or bodily injury to another person. Corporate tax evasion falls into the category of white collar crime.
While Manning’s case is one highlighting lax security procedure, the case of Edward Snowden is one of stark contrast. Edward Snowden grew up near the National Security Agency headquarters in Maryland (Scherer & Shuster, 2013). He is a high school dropout who found an alternate identity on the Internet (Scherer & Shuster, 2013). His father was a US Coast Guard Officer and mother worked as a clerk in the federal court, they separated when Snowden was still a toddler (Scherer & Shuster, 2013). Snowden started his career as a CIA employee in Switzerland, where he annotated his displeasure with ongoing activities on anonymous chat boards (Scherer & Shuster, 2013). Edward Snowden worked as systems administrator for Booz Allen Hamilton on contract support to the National Security Agency in Hawaii (Scherer & Shuster, 2013). Snowden’s duties allowed him to have administrator privileges; which he used to by-pass authentication procedures to gain access above what he needed or received clearance. The National Security Agency is one of the most secure facilities within the Department of Defense, yet Snowden managed to acquire 1.7 million Top
Edward Snowden is considered to be a whistle blower because he did an unethical doing and decided to make an ethical decision by making the American people aware of the wrongdoings of our government. Snowden raised his right hand and sworn to abide by the constitution and uphold the constitution. After working with these agencies Snowden saw that it was not right and unconstitutional, so he decided to copy the files and release it to the American people. In order for him to protect himself he had to flee to a different country before he could actually release the information.
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.
1. I believe white collar crimes white are equally bad as violent crimes. Even though the white-collar crimes are looked as being nonviolent crimes committed by an induvial or a business that obtains an advantage either with funds or potential tips on stocks, it’s still causing harm to others. The bottom line is a crime is a crime doesn’t matter what you’re doing your still causing harm to someone and need to pay the consequence for it.
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?