Definition Of White Collar Crime Essay

1534 words - 6 pages

White collar crime has many definitions, one of the earlier described it as illegal or unethical acts that violate fiduciary (holding or held in trust) responsibility of 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 personal or organizational gain. However, as time went on the definitions and variation of the crimes began expanding and a definition did not describe the act to completion. The way a crime was determined a ‘white collar crime’ was if it fit five elements. If the crime perpetrated has intent, then it can be a white collar crime, by intent it means to commit a wrongful act or to achieve a purpose inconsistent with the law of with public safety. Another criterion a crime must attain is if it contained a disguise or an attempted to hide the real purpose of the crime. Following these two, the third criterion is reliance, if the crime had the reliance by the offender on the ignorance or carelessness of the victim it could be a white collar crime. The fourth criterion is voluntary victim action, where the victim willingly assists the offender with the crime. The fifth and final criterion is concealment, where the violation of the criminal act is hidden; a crime is not considered a white collar crime unless all five of the criteria are fulfilled. According to the Federal Bureau of Investigation, white collar crime is essentially when a person cheats, lies, and steals (FBI, 2010). The crime may be simple or extremely complex but it is not a victimless crime, because a single crime destroys a company or maybe a family. The white collar crimes of today have become very elaborate, the schemes are very sophisticated and it is difficult to find evidence to prove that a crime occurred and to repair the damage that they cause. One type of crime that fits all these categories and the modern definitions of white collar crime is identity theft.
II. What is Identity Theft?
Identity theft has been around for many years, and is a method of stealing another person’s identity. The person who steals the identity then pretends to be the person whose identity they have just stolen. This is done to get the persons credit card information, their resources, and their benefits. The victim of the theft can have everything in their life taken from them, and it is not an easy crime to prove. Sometimes, the person uses that newly attained identity to commit other crimes, which then can get the victim in even more problems. Identity theft can lead to identity fraud, leading to the misappropriation of the person’s identity. With the modern technology of today identity theft has become a lot easier. With firmware, spyware, and viruses identity theft has become easier than ever, apps and programs like these will take a lot more than a person’s credit card information. However, identity theft is not as simple as one may think; many types of...

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