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In my opinion White- Collar Crime is worse well, not necessarily worse than street crime, but I believe white collar crime gets overlooked simply because of who commits the crime and that is unfair.
Consist of robbery, burglary, theft, murder, homicide, domestic violence, assault & battery, and etc…
Embezzlement Bribery Larceny Extortion (Blackmail) Fraud Price Fixing. Racketeering Computer Fraud Obstruction of Justice Perjury
Crimes that fall into this category include altering books by accountants and overcharging or cheating clients by lawyers.
A much more costly type of white collar crime occurs when corporate executives commit criminal acts to benefit their company.
the creation of inferior products, price fixing. tobacco companies that add nicotine to cigarettes when companies advertise food as "lite" when it has as many calories as regular food.
Best Lawyers Favorable Laws Individual Perception Little Police Effort Difficult to Assign Blame
White-collar crime tends to be made up of complex, sophisticated, and relatively technical actions. White-collar crime tends to be intermingled with legitimate behavior
White-collar crime is rarely prosecuted and rarely convicted. Penalties are light..
Greed. Economic difficulty.
White collar crimes can be prosecuted at the state or federal level, depending on whether a state or federal law was broken.
White collar crime is on the rise and is becoming an increasing problem as the world becomes more high-tech Economic crime costs the United States approximately $100 billion in 1990.
Approximately one in three American households are victims of white collar crime, but only 41 percent report it
Of white collar crimes reported, only 21 percent are handled by a law enforcement or consumer protection agency.
Convicted in 2004 Obstruction and justice Served five months in federal prison
Founder of shoe company Currently serving a 41-month sentence Stock fraud and money laundering
Indiana man Staged a plane crash and faked his death Accused by Indiana authorities of white collar crimes Sentenced to over 4 years in federal prison
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Analyze the figures above; what is your initial reaction to these statistics?
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Any act that is labeled as such by those in authority, is prohibited by law, and is punishable by the gov’t.
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We believe that some non violent, first time offenders…..belong in prison. White collar criminals, those who commit fraud, those who extort.
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Any act that is labeled such by those in authority, prohibited by law. And punishable by the government.
© 2007 West Legal Studies in Business, A Division of Thomson Learning Chapter 6 Criminal Law and Cyber Crimes.
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