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, individuals can commit white collar crimes, but so can companies, corporations, and organizations of many different types in their pursuit of profit, power and position.Who is safe? If anyone from the effects of these crimes. From price fixing to dodgy products, we've all probably been a victim of a white collar or corporate crime act.Surely government institutions are safe or are they?.............No occupation is immune from white collar crime. The police and mental health professionals whose occupation is based on a design to curtail and exercise social control have fallen prey to the wiles of white collar criminals in the form of bribery, and violation of their ethics and professional guide lines. From plagiarism to sexual abuse. Any form of violation to a professionals work place responsibilities for personal gain can be and is a white collar crime.White collar and corporate crime result in upwards of 40billion dollars annually. Are financial losses the only cost to society we face?.............Physical harm can also be a result. These losses can encompass unsafe products like flammable clothing for children, and impure food and drugs.Who here hasn't watch a news article within the last few years about children's clothing or toys being flammable, even more recently, the government red bats program.It wasn't listed as a white collar crime or even a corporate crime but if one looks at the facts, they can see the cause as a result of gross negligence. Officials in Kevin Rudd and Peter Garrett's departments conducted a risk assessment of the governments insulation program and rated the risk of death or injury as extreme three times in the three months before the first of four workers were killed.The officials, who were in charge of the rollout of the botched $2.45 billion insulation scheme, believed that, even if steps were taken to address their safety concerns, the risks would still remain "high".So the government was aware of the risks yet still went ahead with the plan. This would surely fall under all three of the labels within the readings. Physical Harm; 4 deaths were the result of the governments dismissal of supplied reports. A financial loss of more than 155m dollars. A loss to the tax payers as the government scrambles to clean up the mess. The Social cost. The actions and inactions undertaken by the government would breed miss trust within society towards anymore ventures the government attempts to...

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