Ambivalence Of White Collar Crime

CHOICES “White collar crime” refers to those offenses that are anticipated to generate fiscal gain using some form of dishonesty. This type of crime is usually committed by people in the commercial world who, as a result of their employment position, are able to get a hold of large amounts of other people’s money. “White collar crime” does not involve forceful, drug-related, or blatantly illicit activities. In fact, perpetrators are typically involved in otherwise lawful industries and may hold respectable positions in the community prior to the discovery of their fraudulent schemes. The slogan “white collar crime” was made up in 1939 by Edwin Sutherland during a dialog which he gave to the American Sociological Society.

Crime is a conduct that is prohibited by law and must have a severe sanction that is directed at a public purpose. White-collar and corporate crime is a type of crime that is committed by middle and upper class people about their business activities. Sutherland defined white-collar crime as a crime committed by a person of respectability and high social status in the course of his occupation (textbook). Rational choice theory is the result of cautious choices made by offenders based on their intentions of the risks and rewards of these choices. Criminals make rational decisions to commit a crime by reviewing all possibilities and outcomes (idealessay).

In the present paper the author analyzes the case of Rajat Gupta, a member of the Goldman Sachs board, who was found guilty of insider trading. The crime will be viewed from the perspective of social strain and social learning theories. The author will also look at how crime control and due process models of criminal justice are applied to the present case. Mr. Gupta supplied inside information about Goldman Sachs to Mr. Rajaratnam, his close friend and business partner. Specifically, as a member of the Goldman Sachs board, Mr. Gupta came to knowledge that the board approved a $ 5-billion investment by Warren Buffet.

Over the years, there are accumulative amount of specific white collar crimes that had been increasingly reported to this day. Studies show major types of crimes are consumer crimes, intellectual property, business and financial, and computer crimes. Consumer crimes could be false advertisement, commercial misrepresentation, price manipulation, and unethical behavior. For example, scam artist setup charitable

Working with criminals and makes money from illegal activities is not a

What do you think are the reasons for the apparent increase in dishonesty? There are so many reason why people increase in dishonesty. People are becoming more and more dishonest because they believe that if they will definitely be punished, but if they lie there is a chanced they will get away with what they have done. When the social-conflict approach looks at white collar crime versus regular criminal behavior, it suggests that the inequality of consequences for breaking the law shows how justice is not blind because power and privilege make a difference in the court process and

Violent Crimes: Street Versus White-Collar Crimes in the United States such as burglary and robbery roughly cost four billion a year. According to safeguard the world only seventeen percent of the homes in U.S. have a security system. “The New York Times” Street crime is a loose term for any criminal offense in a public place. White-Collar crime is non-violent crimes committed by business or government professionals for financial gain. Street crime vs. White-collar crime is controversial because street crime is more out in the open and it is most common.

In a famous play Antigone, Sophocles once wrote, “All men make mistakes, but a good man yields when he knows his course is wrong and repairs the evil. The only crime is pride.” Crime is an act or omission of an act for which the state can apply sanctions (5.1). We all know of someone that has committed some sort of crime. The criminal law in any society acts and prescribes the punishments to be meted out to violators.

Would you rather be a victim of a crime that is associated with street crime or white-collar crime? These two types of crimes have many victims, but the victims in each situation are affected very differently. Street crime and white-collar crime are two drastically different things. White-collar crime deals mainly with money while street crime deals with crimes such as rape, domestic violence, murder, and crimes such as these. White-collar crime is crime that is defined as non-violent.

White collar crimes is one of the fastest growing types of crime in the world. Approximately almost every form of white collar crime increased in the recent years. White collar crimes do not involve violence and often take place in the workplace of people who work in white collar industries, such as accounting, office workers, fund managers, executives, business managers, finance, banking, and other associated careers. These crimes involve concealment and trickery in order to unlawfully make money or to gain possession of other

The Multifaceted Nature of White Collar Crimes (INSERT AUTHOR HERE) (INSERT DATE HERE) (INSERT INSTITUTION HERE) 1 Since the term “white collar crime” was introduced to American society by Edwin H. Sutherland in 1939, criminologists have worked to build upon the original definition in hopes of producing terminology better suited to the multifaceted nature associated with the original subject. As noted by Gottschalk and Rundmo (2014), Sutherland’s original definition of white-collar crime was “a crime committed by a person of respectability and high social status in the course of his occupation” (Gottschalk & Rundmo, 2014, p. 175). While Sutherland is highly regarded as “the founding father of the criminology of white collar

There is a general similarity in all the definitions found but there are also certain differences where sometimes, some definitions clearly narrow down to all the kinds of businesses which are considered to be organized crimes while others just give a generalized idea. This general difference in the definitions of the

Organized crime is a major problem throughout the world. From as early as the nineteenth century, organized crime has not only affected the United States but several other countries including Russia, Japan, Italy, and Mexico. Organized crime is defined as a “structured group of three or more persons existing for a long period of time and acting in concert with the aim of committing one or more serious crimes or offences in order to obtain, directly or indirectly, a financial or other material benefit.” (Lyman, 2015) The criminal activities and offenses these groups engage in can vary from group to group but most commonly involve racketeering, extortion, trafficking of drugs, humans, or arms, money laundering, and murder.

The reason for this is simple; the country has a long history and battle with corruption; so, the general perception of crime is broad enough to accommodate every form of deviant behaviours without any dichotomy. White-collar crime and corruption are systemic, it is naturally expected for an individual to be corrupt. Consequently, unlike Ireland and the United States where there was an evolution of public perspective on white collar crimes the Nigerian perspective offers an insight into how it has developed a legal framework to effectively punish white collar crimes through statutes and regulatory agencies. Consequently, the general perception of crime has evolved over the years to include white-collar crimes.

First, the ongoing disputes about outlining and categorizing white collar crime muddles the process. White collar crime is often more complicated verse traditional crime. It almost always involves some form of trust. Second, a greater amount of white collar crime is not reported or officially identified compared to traditional crime, and the costs of unreported crime are more difficult to measure. Its victims are usually a large group, faceless who feel they are stigmatized or seldom know they are being victimized.