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White Collar Crimes Research

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White-collar crimes target several of victims and embezzle large sum of money. The crimes vary from Ponzi Schemes to environmental. White-collar crimes are difficult to capture and do justice. Department of Justice has three main concerns regarding white-collar crimes: major types of white-collar, cost to society, and worldwide effect.
Over the years, there are accumulative amount of specific white collar crimes that had been increasingly reported to this day. Studies show major types of crimes are consumer crimes, intellectual property, business and financial, and computer crimes. Consumer crimes could be false advertisement, commercial misrepresentation, price manipulation, and unethical behavior. For example, scam artist setup charitable …show more content…

Experts attempt to understand the cost to society regarding white-collar crimes. White-collar crimes affect society in many of ways. The crime is not as violent as other crime. However, it has a critical financial impact. Law enforcement listed white-collar crime as closed case because “the complexity of white collar crime and the difficulty of making and proving a case.” (Kennedy, 2015) This may take more than a few months or years to identify the crime and do justice. Polices have a difficult time finding a leading clue to the perpetrator based on complaints. A few factors of white-collar crime goes unpunished are lack of awareness and education. The lack of awareness and education prevented the public from learning victim 's stories of being tricked by con artist (Martinez, 2014). For example, perpetrator committed this crime from a position of trust such service fraud and bank fraud. The perpetrator gain trust from the victim first in order to swindle the victim. Media does play an important role to inform viewers. If the media help notify about these crime, this would help the public recognize white-collar crime in their …show more content…

Additionally, there are various forms of white-collar crimes, which is hard to measure the total cost. Thus, researchers need to make a database to examine the total cost. Some crimes have enough information to analyze the trend. Other crimes do not have enough. White-collar does not have a fixed definition creating a confusion of what types of crime fall into white-collar. Professor Edwin Sutherlands defines white-collar as “crimes committed by a person of respectability and high social status in the course of description.” (Rosoff, Pontell, & Tillman, 2010). On the contrary, this does not include white-collar criminals who do not work in a particular industry, but commit the similar crime for personal financial gain, secure an advantage. Some people believed white-collar only target victims with large income. A small number of people think white-collar victims deserved to be victimized. Conversely, white-collar criminal actually aim for people who are easily to be deceived regardless of

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FBI's Wanted Fugitives  The most compelling two offenders that I found in the 10 most wanted fugitives are Luis Macedo, and Yaser Abdel Said. They both are wanted for committing a violent crime and flying away from prosecution. For the white collar crime, the most compelling offender is Julieanne Baldueza Dimitrion. This woman is wanted for a non-violent property crime and for failing to appear to her sentencing day with her accomplice husband, John Michael Dimitrion.

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Crimes may include: illegal gambling, bribery, kidnapping, murder, money laundering, counterfeiting, embezzlement, drug trafficking, slavery, and a host of other unlawful business carry outs. To convict a defendant under RICO, the government must prove that the person

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When James “Whitey” Bulger appeared in court for the first time in June of 2013, one would never know that he was once the most feared criminal in Boston. At 84 years old, Bulger “shuffled into a federal courthouse” like “a dinosaur in an orange jumpsuit.” (McMorrow 1) After 16 years of escaping the wrath of the FBI, Bulger was finally being put on trial for his long list of heinous crimes including 11 murders, money laundering, weapon violations, and racketeering. (McMorrow 1) However, even more shocking than his convictions was the relationship Bulger had with the FBI, which unraveled before the eyes of the court and people across the country.

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White-collar crimes like what happened to Shirley Lee are prevalent today. Many view white-collar crime as less threatening than typical blue-collar crime (i.e. robberies). Both crimes however, affect society in a negative way. White-collar crimes cause more direct financial harm than blue-collar crimes. Blue-collar criminals cause more physical harm and for that reason are often perused and punished more rigorously.

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The authors explore difficult social issues that are most of the time highly misunderstood and possible meaningful solutions to such crimes. The writers also acknowledge that the measures to detect these types of crimes reflect bias reasoning is both complex and highly controversial. In addition, the authors emphasize the fact that many efforts that have been intended to find a solution to this type of injustice, but it has been characterized to having varying degrees of “ineffectual and create collateral problems” (Frederickson and Siljander,

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economy and investor confidence” (FBI,2016). In short, Corporate fraud are crimes that a corporation does. This usually results in large sums of money being repaid back investors or people who had brought the case against them and will result in millions of dollars in settlements. Examples are corporations that are involved in “Deceptive financial practices, Cheating depositors, Overcharging customers, Failure to report safety defects, Ocean dumping and more” Phi Manttera, 2015).

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384 Words | 2 Pages

In our previous class we spoke about how the profile of the usual white collar criminal is white, middle age, has a high level of education married, has a home and is in a supervisory position. This reminded me of one of my undergrad classes where we spoke about older white males more likely to commit suicide because of the loss of status. Putting those two together if reminded me of former Walls Street trader Michael Marin. Michael Marin was 53 years old, had a wife and children and could not pay the $2,500 a month mortgage on his home. Furthermore, he had $34,000 in back taxes.

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Buzz Aldrin says, “I think the American Dream used to be achieving one 's goals in your field of choice - and from that, all other things would follow. Now, I think the dream has morphed into the pursuit of money: Accumulate enough of it, and the rest will follow”. Cash is the fundamental material to accomplish the American dream, yet was the fantasy expected to be similar to that? The American dream’s purpose was to work by providing equal opportunity. However the dream has been luring people into a system which only promotes ‘survival of the fittest’ which for this situation the individuals who is controlling the income, the rich.

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Majority of them are married with regular family issues such as a money problem, lack thereof money, or just a desire for a lot of it. Majority of embezzlers grew up in a successful family and if their position at their job doesn’t fulfill their expectation or they feel as though they don’t make enough and that they’re in competition with other people to have a better salary then they resort to an alternative way of income and what better way than to embezzle? Unbelievably, a person’s past can really effect their future. It’s normal for a person with the brains to steal money from a company that they’re employed at to have a pretty decent education or at least a higher education than the average criminal. Also, most embezzlers are white and are

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1344 Words | 6 Pages

Many attempts were made with limited success but the Kefauver Committee was one of the first major groups that helped start the investigation of organized crime. Eventually, the need for more research grew and President Reagon created the President’s Commission to increase their knowledge of organized crime by developing “a contingency model that highlighted levels of involvement of members and nonmembers” (Schram & Tibbetts, 2021, p.369). By helping to identify criminal groups, protectors, specialized support, user support, and social support, policies could be made to deter crime. While the change in time creates a new need for investigation of how crime operates, especially with cyber crimes, it allows for the government to target specific areas, doing so resulting in other areas not operating as well. The above theories behind Al Capone’s behavior could also help the government address crime in policy

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1831 Words | 8 Pages

CHOICES “White collar crime” refers to those offenses that are anticipated to generate fiscal gain using some form of dishonesty. This type of crime is usually committed by people in the commercial world who, as a result of their employment position, are able to get a hold of large amounts of other people’s money. “White collar crime” does not involve forceful, drug-related, or blatantly illicit activities. In fact, perpetrators are typically involved in otherwise lawful industries and may hold respectable positions in the community prior to the discovery of their fraudulent schemes. The slogan “white collar crime” was made up in 1939 by Edwin Sutherland during a dialog which he gave to the American Sociological Society.

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1046 Words | 5 Pages

Race, Class, and Incarceration The main goal of the U.S. law enforcement has been to make the world a safer place but in the process of making the world a safer and “better” place there have been quite some downfalls. One of those many downfalls would have to be the American prison system. In today’s society police enforcement has given so much focus on prosecuting street crime while failing to acknowledge white-collar crime and other major crimes that occur every day.

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To contribute to the financial advantage the rich have, the wealthy generally commit more white collar crimes than street crimes, which are treated as lesser in the overall criminal justice system. Street crimes are far more visible than white collar crimes and those charged with street crimes are more likely to face justice than those charged with white collar crimes (Martinez, 2014).

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Criminal organization has plagued The United States for centuries and can not be easily stopped due to the relationship and deep ties within the government, law enforcement, communities it operates in, federal laws being created to combat organized crime, and budgeting. This makes it difficult for to stop criminal originations and prosecute individuals with deep roots and ties in a criminal organization. There are varies problems that exist due the relationship the government, law enforcement, and communities have with criminal organization. There is also a lot of legal limitation associated with combating organized crime due to civil attorneys finding loop holes within laws that are created to combat crime. This makes it difficult to for prosecution and law enforcement agencies to do their job properly.

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Financial crimes or notably known as white-collar crimes refers widely to nonviolent crimes committed by business professionals. Financial crimes have a deep impact on the society as it affects the economy and the stability of a country. It is a gateway of sourcing criminal activities like mafia operations, drug trafficking, illegal arms dealing and terrorist financing. Financial crimes ca be in the form of credit card fraud, insider trading and money laundering. Money laundering is a large scale financial crime.

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