2 What is White Collar Crime? a type of crime committed by business people, entrepreneurs, public officials, and professionals through deception, as opposed to street crimes which tend to involve force and violenceProfessor Edward Sutherland first defined it in 1949 as "a crime committed by a person of respectability and high social status in the course of his occupation"Overlaps with corporate crime
3 What kind of crimes are involved? FraudBriberyEmbezzlementInsider tradingComputer crimeIdentity theftForgery(i.e. the type of crime more available to white collar employees)‘Black Collar Crime’ (see below)
4 What is the extent of it?In 2008, fraud in the UK reached £1.1 billion73% of this was committed by professional / organised criminalsThere has been an increase fraud by company managers and employeesIt has been suggested that the recession has driven up fraud by individuals who are not career criminalsSentences for fraud are getting shorter for white collar criminalsSentences are getting longer for fraud committed by people with drug / alcohol problems80% of fraud committed by menMany fraud cases go unreported by companies
5 The growth of Black Collar Crime Name comes from “Black Hat Hacking” and “White Collar Crime” (Cyber Crime)Perpetrator profile different from ‘usual’ white collar crime (often international)Multiple parties victimizedharms corporations and consumersFinancial gain as prime motivatorOrganized crime elementAndrea Mywatshyn Wharton School University of Pennssylvania
6 Links to sources /articles Serious Fraud Office (includes examples)New York times articleThe Hidden Cost of White Collar Crime (radio article)
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