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Literature review on white collar crime
Criminological theories compare and contrast
Case study of white collar crime
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Recommended: Literature review on white collar crime
White collar crime can be a very complicated topic because of how fairly new it is. Edwin H. Sutherland helped coin the term white collar crime in December 1939, during his presidential address “The White Collar Criminal” (Friedrichs, 2010). Although white collar crimes had been happening throughout most of history, they didn’t get as much attention until more recently. Since white collar crime is still so new, all definitions have been under a lot of scrutiny. The definition that is currently most acknowledged comes from a group of criminologists that got together in a group, to come up with a definition for white collar crime and that would be accepted by the majority. This group defines white collar crimes as: Illegal or unethical acts that violate fiduciary responsibility or public trust, committed by an individual or organization, usually during the course of legitimate occupational activity, by persons of high or respectable social status for person or organizational gain. (Helmkamp, Ball, and Townsend, 1996: 351) This is a great definition because it covers a lot of areas that are considered white collar crime but can be seen as too specific. By stating that white collar crime is committed by “persons of high or respectable social status” (Helmkamp, Ball, and Townsend, 1996: 351) implies that only people with such status can commit these crimes. While for the most part these persons do commit the majority of the crimes, they are not the only individuals who partake in these illegal acts. Seeing as white collar crime is still a relatively broad topic, criminologists have started using typologies to help narrow down each different area. There is generally considered to be five generic typologies that have a general asso... ... middle of paper ... ...ollar crime that the average citizen is most likely to come into contact with. This is because Works Cited Friedrichs, D. O. (2010). Trusted criminals: White collar crime in contemporary society (4th ed.). Belmont, CA: Wadsworth Cengage Learning. Forti, F., and Visconti, A. (2007) “Cesare Beccaria and white-collar crimes’ public harms,” pp. 490-510 in H.N. Pontell and G. Geis, (Eds.), International Handbook of white-collar and corporate crime. New York: Springer. Helmkamp, J., Ball, R. A., & Townsend, K. (1996). White collar crime?: Proceedings of the Academic Workshop Definitional Dilemma--Can and Should There Be a Universal Definition of White Collar Crime?. Morgantown, W. Va.: National White Collar Crime Center, Training and Research Institute. Hodson, R., & Sullivan, T. A. (20120). The social organization of work (5th ed.). Belmont, CA: Wadsworth.
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.
One of the most recent stories involving white-collar crimes in the United States involves the Wells Fargo. Wells Fargo is banking and a financial institution that offers financial services to very many people in the United States as well as around the world. As reported by the Washington Post, Wells Fargo as banking and a financial institution was involved defrauding its customers millions of dollars through their employees. It was reported that the employees were involved in the opening of close to 2 million bank accounts with Wells Fargo and proceeded to offer credit cards towards the same as a way of attracting the huge bonuses that were being offered (Merle, 2017). The white-collar crime perpetuated by Wells Fargo falls under the Corporate
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.
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
White-collar crime is defined as committed by public officials or businesspeople, defined as non-violent, and usually revolve around financial crimes. These crimes can cause companies to be destroyed, cost investors thousands of dollars, and even wipe a family’s entire life-savings. Insider trading, Ponzi schemes, and embezzlement are just a few types of white-collar crimes. In 1939, Edwin H. Sutherland, described white-collar crime as any violation of the law by a person of high status in their work-place. Sutherland also noted the white-collar criminals are less likely to be prosecuted than other offenders. The concept of white-collar crimes has been changed over recent decades. Blue-collar crimes are people who do not work in prestigious work-places; these are white-collar crimes, and work mundane jobs, like maintenance. This changed how people see white-collar crime, as it no longer only relates to people of high status. To help the concept of work-related crime, occupational...
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 crimes do not garner as much media attention as that of violent crimes (Trahan, Marquart, & Mullings 2005). This is an odd fact because white collar crimes cost society much more than violent crimes do (Messner & Rosenfeld 2007). While there are many different definitions for white collar crime, Schoepfer and Piquero describe it as a nonphysical crime that is used to either obtain goods or to prevent goods from being taken (2006). People who commit these crimes are looking for personal or some sort of organizational gain and are being pressured to be economically successful from the idea of the American dream. The authors suggest that there are two types of people who commit crimes, those who have an immense desire for control and those who fear losing all they have worked hard for (Schopfer & Piquero 2006). Both groups have different reasons for turning to crime, but both groups commit the crime to benefit themselves. It was found that higher levels of high school drop outs were directly correlated to levels of embezzlement in white collar crime (2006). Because they are drop outs, they are less likely to be successful legitimately and turn to crime more often than their graduate
White collar crime is common due to its easy and non-violent nature. According to the Federal Bureau of Investigation, this term was coined in 1939 and is now synonymous with the full array of frauds committed by business and government professionals. These kinds of crimes are most relatable to the opportunity theory of crime; this theory proposes that offenders make rational decisions and therefore select targets that may offer high reward with low risk and effort. Individuals commit these crimes through illegitimate means in order for the company or enterprise within which they are employed to obtain monetary gains. These crimes greatly revolve around the opportunity theory of crime; it is easily hid from discovery and allows for high reward
White-collar crime is a non-violet crime that is presented by some person, customarily for financial benefit. The average administrative criminal is an office worker, business chairman, or authorities.
White collar crime was a phrase that I was oblivious to, the meaning held no significance to me. Until one day I watched the movie The Big Short, a novel by the famous financial journalist Michael Lewis that was put into motion picture by Adam McKay. After watching this brilliant movie, thousands of questions arose in my head. I instantly became curious to learn more about this phrase, white collar crime. This is the moment when I decided to explore the question, why is white collared crime acceptable in some scenarios in the United States? The findings are unbelievable.
The term white-collar crime refers to “unethical business practices committed by people in the course of their work lives” (Manza). Although people tend to consider street crimes more dangerous than white-collar crimes, the last one could have more negative consequences and harm more people in a society than the first one. White-collar crimes can be practiced in many different ways, such as stealing money to the employer, or corporate leaders making decisions to seek profits and causing injury or harm to innocent people. The fraudulent acts of Enron and the 2008 financial crisis violated federal and state laws. However, the criminal justice system did not give fair punishment to the responsible ones, because they got modest prison sentences,
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.
There are many factors as to why there are many problems associated with defining white-collar crimes. The first official definition of white-collar crime was created by Edwin Sutherland, the pioneer of the study of white-collar crime. He defined white-collar crime as “crime committed by a person of respectability and high social status in the course of his occupation.” Many of Sutherland’s critics noted that in terms of conceptual ambiguity, the definition was too vague and loose for any lawmakers to identify this crime. One critic found that the vagueness surrounding the definition fostered ambiguous use of the term and vague interpretations ((Payne, 2012). In recent criticisms, a variety of other terms have been used synonymous with the
Most legal experts and those of the economic and sociological fields would would tend to agree that the unilateral issues of white-collar crime are
This paper will explore different types of white collar crime from some of the most common white collar crimes like fraud, identity theft and scams, as well as other types of white collar crimes like embezzlement and tax fraud. This paper will use research found online that explains the different white collar crimes as well as consequences, definitions and even companies or people who have committed those crimes. This paper will also discuss my views and opinions as well as research that I have found.