This website uses cookies to ensure you have the best experience. Learn more

White Collar And Corporate Crime Essay

552 words - 2 pages

Why does white collar and corporate crime tend to go undetected,
Or if detected not prosecuted

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.

Corporate crime is extremely difficult to detect for many reasons. One major reason is that many people do not realise a crime is being committed as corporate crime is often seen as a victimless crime. At face value this may seem to be the case but if you look deeper you will see that this is not true. Every year the FBI estimates that 19,000 Americans are murdered every year compared with the 56,000 Americans who die every year from occupational disease such as black lung and asbestosis (Russell Mokhiber 2000). Deaths Caused by corporate crime are also very indirect so it can be very difficult to trace the problem to the corporation.

Another reason it can be difficult to detect corporate crime is that directors within a corporation are unlikely to report the criminal activity of their colleges for the fear that it will hinder their own career success and could even lead to them losing their jobs. Within a company illegal practices could be seen by many as the “in thing” and the people working within that environment may not see what they are doing as morally wrong.

The issue of the lack of...

Find Another Essay On White collar and corporate crime

White Collar Crime Essay

934 words - 4 pages Needs to be interesting, relevant and stimulate discussion amongst your peers.White collar and corporate crime. What is it? One of the definitions offered by Sutherland was that white collar crimes are criminal acts which are committed by workers within the course of their commercial activities; it is crime which takes place during the practice of legitimate occupation but not restricted by the actions of an individuals. So basically

White Collar Crime Essay

693 words - 3 pages The crime of choice for the businessperson seems to be white-collar corruption. Corporate corruption has been around since business was started but lately there has been a swell in business fraud and corruption prosecutions and investigations. Experts to demographic shifts and economic forces have accredited the changing character of crime. One problem with today's crimes is the advances in technology. The Internet is a major contributing factor

White Collar Crime

2726 words - 11 pages Missing Works Cited In this paper the exciting criminal phenomenon known as white-collar crime will be discussed. Corporate Crime and Computer Crime will be discussed in detail. Crime preventative agencies such as the NCPC (National Crime Prevention Council) will also be researched. White Collar Crime The late Professor Edwin Sutherland coined the term white-collar crime about 1941. Sutherland defined white-collar crime as "a crime committed

Insider Trading and White Collar Crime

1477 words - 6 pages There are many different forms of fraud, and one of the more interesting ones is insider trading. Insider trading like many other forms can involve big social networks, and small social networks. The corporate crime that is being committed is that a person or group of people misuses certain information, when they have an obligation to keep that specific information confidential. This can be effortlessly seen in examining the case involving

History of White Collar Crime

2103 words - 8 pages , Corporate Crime, reveals that between 1975 and 1976 the country's 582 largest corporations had violated the law a total of 1,553 times. To try and fight more against white-collar crime with its laws, the U.S. Congress passed a wave of laws and statutes in the 1980s. The Racketeer Influence and Corrupt Organizations Act (RICO). Under the law, racketeering included things like embezzlement from union funds, bribery and mail fraud. RICO made it easier

Penalties for White Collar Crime

1366 words - 5 pages caught. A look into the public’s perception on whether the penalties given is harsh enough for white collar criminals since most types of crimes have a set of standard penalties for those convicted. A standard set of penalties needs to be looked at for white collar crimes to help in eliminating the criminal behavior and saving society billions of dollars a year. Perception of Penalties White collar crime is viewed as non-violent and treated

White collar vs. street crime

655 words - 3 pages One problem that plagues our society is crime. Crime is all around us in our everyday lives. Daily we hear of murders, robberies, and rapes. These are categorized as 'street crimes.' For many people, such crimes are the only 'tragic' crimes, the ones that are senseless and preventable. In Finsterbusch's book, Taking Sides, another variety of crime is exposed. This other form of crime is 'white collar' crime. Both have victims, and the effects of

White Collar Crime in America

523 words - 2 pages law then a prosperous individual. Nevertheless, it is not our evil doing that we are regularly pushed to foresee this problem this way, especially not when it is the media, the government, and the media are the ones who painting this picture for us. In this universe we are surrounded by none ending crime, crime is broking down into two sections that have categories of their own those are street crime and white collar crime. Street crime is

Definition of White Collar Crime

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

White Collar Crime vs. Street Crime

711 words - 3 pages manner just the same as street crimes. These crimes are called "white collar" crime. Both crimes affect victims in a serious manner, and the effects can be devastating to the individuals involved and to the community.Both street and white collar crime have severe consequences to all involved. In most instances, white collar crime takes a told on its victims financially. This isn't to be said that white collar crime does affect victims in other

The Tragedy of White-Collar Crime

1054 words - 4 pages not normally asked and now pay closer attention to white collar crimes. References Conklin, J. E. (2007). Criminology (10th ed.). Boston: Pearson, Allyn, and Bacon. Price, M. & Norris, D. (2009) White-Collar Crime: Corporate and Securities and Commodities Fraud Retrieved from

Similar Essays

White Collar Crime Essay

852 words - 4 pages White-Collar Crime In recent years people in America have become curious about white-collar criminals and white-collar crimes. Notorious instances of white-collar cases have peaked interest in the subject as well. The idea of white-collar developed in criminological changed over time. A type of white-collar crime called corporate crime has been found in the United States for years. The government has created systems where they can control white

Defining White Collar Crime Essay

850 words - 4 pages following crime classifications:•Corporate crime•Occupational crime•Governmental crime•State crime•Environmental crime•Workplace safety crime•Environmental Crime•Computer / or technical crimeThis is because all these classifications involve and have the opportunity to commit white collar crimes.White collar crime is important in the field of criminology. More study into white collar crime can improve and

White Collar Crime Essay

1241 words - 5 pages justify their crime. Those committing fraud admitted to fraud but are more likely to deny committing a crime at all and were innocent of any crime. In conclusion Benson was able to make some observations as to why offenders commit white-collar crimes. White-Collar crime can be defined as a nonviolent crime that is financially motivated for illegal monetary gain. According to our criminology PowerPoint on Enterprise Crime:White Collar, Corporate

White Collar Crime Essay

1102 words - 4 pages outbreaks of similar scandals over the U.S. Around 2002 congress took action by passing the Sarbanes-Oxley Act (SOX) to improve corporate governance. It wasn’t long until nations across the world recognized this act and instituted laws as well. For instance, Poland passed anti-money-laundering legislation among others (“The Evolution of White-Collar Crime”). High-profile white-collar crime has a few complicated financial terms and violations. The first