White Collar Crimes in America Essay

Essay on White Collar Crimes in America
Throughout history there have been many white collar crimes. These crimes are defined as non–violent and financial–based crimes that are full ranges
of fraud committed by business and government professionals. These crimes are not victimless nor unnoticed. A single scandal can destroy a company
and can lose investors millions of dollars. Today, fraud schemes are more sophisticated than ever, and through studying:Enron, LIBOR, Albert Wiggan
and Chase National Bank, Lehman Brothers and Madoff, we find how the culprits started there deception, the aftermath of the scandal and what our
country has done to prevent future scandals. In the 1920's, Wall Street was a very different place than it is today. There was a great lack
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On Black Thursday of the Wall Street Crash of 1929 Wiggin teamed up with other Wall Street bankers in an attempt to save the stock market.
Wiggin and other bankers committed substantial funds for an investment pool in order to buy large blocks of shares of major U.S. corporations at
prices that were above the current market. This stopped the slide that day and stabilized the market. However, in the Pecora Commission
investigation of the Wall Street crash it was discovered that starting in September of that year Wiggin began selling short his personal shares of
Chase. Using strictly family owned corporations, Wiggin was able to hide the trades and create a position in which we would profit by having his
company fail. He was able to short over 40,000 shares and made over $4 million dollars tax–free because he used a Canadian company to buy the
stocks. Additionally, Wiggin accepted a $100,000 a year pension for life but later declined the pension because of public uproar. All Wiggin's money
was made legally at the time and he was not alone in doing this. Due to all the other occurrences similar to this one, there was a revision made in 1934
of the 1933 Securities Act that created stricter regulations on insider trading. This stated that all companies listed on stock exchanges must follow the
requirements set by the act. The primary requirements of the Securities Act
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White Collar Crime Vs Street Crime
Many people believe that a crime tends to occur at night, in a dark street corner by someone wearing a ski mask and carrying a weapon. Well,
realistically, the most upsetting criminal activities in recent years have actually been categorized as white–collar crimes. Although a definition of
white–collar crime that is acceptable to all groups has not been fully developed, a basic definition refers to a nonviolent crime motivated primarily by
financial gain (Payne, 2013). Figuring out whether white–collar crimes or whether street crimes are more serious can be a difficult task at times. Many
white–collar crimes go unreported by victims and their reasons are quite logical. Some may feel ashamed, believe that reporting such an incident would

White Collar Crime in America Essay examples
We like every other person in this world, when we hear the word crime; we automatically get an image of a person from a low class in a bad
neighborhood and coming from a troubled family. However, who knew that those who are educated and coming from a wealthy family can also
pertain to the world of crime and mischief. We as human beings tend to also be judgmental, assuming that only unprivileged men have a drive to
commit an offense against the 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...show more content...
The one that is focused on more then any others in the world of crime is street crime. According to the FBI's index of offenses, some street crimes
include burglary, larceny, auto theft, robbery, rape, assault, and murder. To many the particular are called to be the whole of crime, or the main people,
for the reason that these wrongdoings are habitually the ones that are sent to court or prison. Within street crime there are two types of convicts,
habitual offenders and one–time–only criminals. A habitual offender is described as a person who continues their crimes and the majorities who are
arrested are repeaters. Other type the one–time–only are those who commit a crime accidental or incidental and who people believe should not be
disciplined harshly. A more high class crime is known as the White collar crime. This crime includes embezzlement, bankruptcy fraud, swindles, tax
evasion, and theft of property by computer, passing bad checks, copying movies or music, and fraudulent use of credit cards. White collar crimes are
informed to be expensive and extensive. When these wrongdoers are caught it's amazing to see how lenient the U.S. society is with them when they
are captured. Honestly, I believe both street crime and white collar crime are both very problematic in our society. The reason being, both these
crimes are affecting our society in a bad way. It is like

White Collar Crime Essay
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 by a
person of respectability and high social status in the course of his occupation" (Siegel 337) White–collar crime includes, by way of example, such acts
as promulgating false or misleading advertising, illegal exploitation of employees, mislabeling of goods, violation of weights and measures statutes,
conspiring to...show more content...
Studies have indicated that the public now judges white–collar criminality to be more serious than it had been in the past, people now have lost
confidence in the people running major companies, and most American corporate executives are believed to be dishonest. The public's concern with
corporate crime has grown recently, but has been evident for several years. Corporate crime has also been linked to political leaders in this country.
Corporate crime is a crime of power and profit for the offenders. Large and powerful corporations who have the support of prominent political leaders
can be difficult to prosecute in corporate crime cases. At the Progress & Freedom Foundation conference held at the Mayflower Hotel in Washington,
D.C., Speaker of the House Newt Gingrich (R–Georgia) was asked why he spent so much time addressing the issue of street crime and violence, while
ignoring the issue of corporate crime and violence. Gingrich answered, "If I went around the country and said, 'Vote for us and there will be no more
white–collar fraud,' the average voter will say, 'I don't think he gets it.'" But corporate crime is more than just white–collar fraud. And one reason that
Gingrich doesn't address the issue of corporate crime might be because one of the corporations that has brought him to power is Southwire Co. of
Carrollton, Georgia. Southwire has close ties to

White Collar Crime Essay example
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 by a
person of respectability and high social status in the course of his occupation" (Siegel 337) White–collar crime includes, by way of example, such acts
as promulgating false or misleading advertising, illegal exploitation of employees, mislabeling of goods, violation of weights and measures statutes,
conspiring to...show more content...
From the standpoint of the criminal, the ideal white– collar crime is one that will never be recognized or detected as a criminal act. (Radzinowicz
325–335) Corporate Crime Corporate crime is the type of crime that is engaged in by individuals and groups of individuals who become involved
in criminal conspiracies designed to improve the market share or profitability of their corporations. ( Siegel 338) Corporations are legal entities,
which can be and are subjected to criminal processes. There is today little restriction on the range of crimes for which corporations may be held
responsible, though a corporation cannot be imprisoned. The most controversial issue in regard to the study of corporate crime revolves around the
question of whether corporate crime is "really crime." Corporate officials, politicians, and many criminologists object to the criminological study of
corporate criminality on the strictest sense of the word. The conventional and strictly legal definition of crime is that it is an act, which violates the
criminal law and is thereby punishable by a criminal court. From this perspective a criminal is one who has been convicted in a criminal court. Given
these widely accepted notions of crime and criminals, it is argued that what is called corporate crime is not really

White Collar Crime And Organized Crime
Introduction: This paper explores white collar crime and elaborates on the types of organized crimes through the analysis of case studies.
Furthermore, I will also discuss the differences and similarities between professional crime and organized crime. White collar crime is the use of
deceptive acts to solely benefit oneself, often leaving many victimized. Within this paper, I explain which theories best clarify why individuals partake
in these criminal behaviors, and preventative methods. In addition, I will state my opinion on the severity of white collar crime and organized crime.
Description: According to Sutherland, the definition of white collar crime is "violations of the law committed by a person of high social status within
the course of their otherwise respectable occupation, business, or profession". Within this definition Sutherland places a significant amount of
emphasis on a few key words. The first key word is of high social status, which excludes those individuals who are of middle class and lower echelons.
Secondly, the deception must occur within the business setting. White collar crime has a damaging impact on the social morale because it causes
individuals to lose trust in financial institutions, which sends negative images to the middle and lower class. Without the use of investing, it creates a
hindrance to the growth of the economy. Moreover, many of those victimized do not know they were taken advantage of, and can those their life
savings due to

Fraud and white–collar crime are common forms of crimes that people commit in various aspects and positions in the corporate world. Fraud and
white–collar crimes have similar meaning as they refer to the non–violent crimes that people commit with the basic objective of gaining money using
illegal means. The cases of white–collar crimes have been increasing exponentially in the 21st century due to the advent of technology because
fraudsters apply technological tools in cheating, swindling, embezzling, and defrauding people or organizations. White–collar crime is a complex issue
in society because its occurrence is dependent on many factors such as organizational structure, organization culture, and personality traits. Thus, the
literature...show more content...
According to Makansi (2010), fraudsters exploit loopholes that are in the organizational structure and perpetuate white–collar crimes. Thus, stringent
regulations and standard procedures of operations are necessary to curb white–collar crimes in organizations. Following the revelation that the global
financial crisis that emerged in 2008 was due to white–collar crimes in securities markets, insurance companies, and mortgage firms, scholars have
attributed white–collar crimes to organizational structure. Simpson (2011) argues that white–collar crime is a complex issue in modern organizations
and that the statistics do not capture the reality of white–collar crimes. In metaanalysis approach, the study highlights various forms of white–collar
crimes and asserts their complexity in terms of their occurrence, effects, and deterrence (Simpson 2011). Since other organizations are more
criminogenic when compared with others, it implies that the differences in their structures are significant factors that determine the occurrence of
white–collar crimes among organizations. In this view, meta–analysis conducted by Simpson (2011) concludes that criminogenic organizations have an
amorphous structure of markets and economic environment under which organizations operate, and thus create a favorable environment for fraudsters.
In this view, the study recommends the establishment of institutions and regulations to strengthen organizational structures and

Research Paper On Identity Theft
Identity Theft
In today's society, there is a white–collar crime that has greatly risen in popularity among criminals. This crime is identity theft. Hundreds of thousands
of people have their identities stolen each year. Identity theft is when these criminals obtain and use consumers personal information such as credit card
numbers, bank account numbers, insurance information, and social security numbers to purchase goods or services fraudulently. According to the
Federal Trade Commission, over 1.1 million people were the victim of identity theft. With this number, it is very evident that identity theft is one of the
fastest growing crimes in our country. This paper will attempt to more thoroughly define identity theft. It will...show more content...
This article reinforces points that will be examined more thoroughly later on in this paper. The article says that, "Thieves typically rip off someone
else's identity by sorting through the person's trash, stealing mail or buying information from an employee at a bank, hospital or car dealership.
Armed with data, the thieves can drain victims' bank accounts, ring up credit card bills in their name, get cash advances and phony loans.2 The worst
part of this whole thing is that Pugliese has no idea whether or not her information will be used again against her. Although she was not held liable to
pay any of the bills that were ran up, she is still faced with the never–ending task of rebuilding her credit, unraveling the crazy mess of identity theft,
and not to mention, her tireless job as an attorney. "The first whiff of trouble came on Dec. 10, when Pugliese saw a Federal Express notice on her
door. She drove down to the office to pick it up two days later and was told that "Rosalie" had already picked it up."2 After this, Pugliese took all of
the necessary steps to ensure that her credit was protected. She called all three of the major credit reporting agencies (Transunion, Equifax, and
Experian) searching for unauthorized accounts that were opened, she called local police, and she spoke with authorities. But after taking a vacation, she

Social Control Theory Of White Collar Crime
Many Criminologists have studied different theories to explain the reason behind the commission of white–collar crimes. Many of the current studies
focus on a wide range of factors, rather than on few factors, to explain why people commit white–collar crimes in modern society. Sutherland theorized
that white–collar crimes and conventional crimes were similar enough to focus on poverty and social pathologies as the base reasoning for committing
each type of crime (Friedrichs, 2014). However, many of the people who commit white collar crimes do not live in poverty, and generally respected in
their field of expertise. Consequently, a general theory of white collar crime fails to consider a variety of other factors and places those crimes in...show
more content...
The social control theory does not focus on why a person commits a crime, but rather why a person does not commit a crime. In this theory, people
with strong values show restraint from committing crimes because it goes against their nature. They exercise self–restraint when confronted with the
numerous opportunities to commit crimes in society, whereas criminals commit crimes because they do not have connections to society or institutions
that hold morals in high regard. However, this theory is flawed in that some perpetrators of white collar crimes are well connected to the corporations
and people who they commit crimes against and are less likely to reveal that they have committed the crimes. Likewise, the control balance theory
states that an imbalance between one's control over another entity and the control held by an entity over that person will influence the likelihood that
they will commit a crime. However, this theory works well when applied to conventional crimes, but is still developing in relation to white collar crime.
A relatively new theory into white collar crime focuses on the gender of the offender, as the context of the crime is often lost when applying general
theories against female culprits (Holtfreter, 2015). Consequently, female offenders tend to commit white collar crimes for different reasons then their
male counterparts. Men may commit the crimes to enrich themselves or to punish the

Sociological Theories Of White Collar Crime
There are many theories and sub–theories on why white–collar crime occurs, just as there are many theories and sub–theories on why street crime
occurs. However, as with any theory dealing with sociology, there are faults as human nature is hard to define generally. One of these failings, as
explained by Benson and Moore in Reading 20, is addressed with Gottfredson and Hirschi's general theory of crime (also known as self–control theory)
which, surprisingly, completely ignores sociological factors in white collar crime and instead argues that white collar crime is solely founded on
greed. As a result, this removes the concept of societal and/or personal pressure to commit white–collar crimes from the equation which fundamentally
weakens it. This is opposed to strain theory which argues that social and personal strain "force the hand" of individuals and cause them to commit
crimes. However, the weakness of this theory in regards to white–collar crime is the question of why those who've already gained financial success
wish to seek more of it through illegitimate ways, particularly if they earned their initial success in a legal manner. Another theory is that of learning
theory which suggests that criminal behavior and, therefore, white–collar crime is learned through those who legitimize these acts. However, our
society as a whole has traditionally condemned the concept of illegal acts, including white–collar crime. Why and, more importantly, how does the
voice of a few

Punishment For White Collar Crimes Essay
"In a country that prides itself on transparency, accountability and the rule of law, corporate justice cannot be allowed to continue to consist of coercion
behind closed doors" (Smith and Howat 109). White–collar crimes are explained in "White–collar crime" as, price fixing, false advertisement, and
wiring and tampering with accounts belonging to anyone other than, in this case, the criminal (Levenson). With the advancements in technology and
increase in satellite towers breaching financial accounts or even obtaining financial information has become effortless. Criminals commit the crime to
improve their social status. These crimes do not include physically harmed victims; however, they do include victims that are affected through a
different nature. They are different, because victims not only lose trust within the corporation, they also lose out on a valued product. Victims may
inquire restitution, but it is not always prominent that will make matters right for them. Punishment for white–collar crimes affects the corporations
social status, how the corporation can continue to manufacture after the crime, and how companies plan to go about restitution for victims.
Crimes do not normally go without punishment, the punishment just does not seem as substantial for corporate crimes. Many corporate crimes go
without public recognition. The public should be allowed access to all crimes that may affect the economy or even individuals, so they can have a
better understanding of

Violent Crimes Vs White Collar Crimes
White Collar Crimes and Violent Crimes and whether or not they should receive the same priority levels. This discussion question I feel is like
comparing apples to oranges. These are two completely different types of crimes, usually with completely different victims.
White collar crimes are important and can result in a large loss of money or assets. White collar crimes are often referred to or viewed as victimless
crimes. However, this is not the case. According to the Federal Bureau of Investigations White CollarCrime website, a white collar crime scam can do
everything from destroying and bankrupting a company, cost a family their entire life savings, or cost investors billions of dollars, or possibly all
three. Scams are extremely prevalent

Essay about White Collar Crime vs. Street Crime
White Collar Crime vs. Street Crime
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 both can be devastating to the individuals involved and to the community. The
views of the two arguments proposed in the text do reach one common conclusion. Both street and white collar crime have severe consequences. In
most instances, white...show more content...
This allows money to be justifiably funneled into the justice system. This mind set says that its acceptable for people to be murdered by unsafe
working conditions, and unsafe products. In addition, its unacceptable for murder to be committed by means of a gun, knife, or weapon. As well as
supporting isolation from other people, such policies cause racism and stereotyping. Police have pictures of "criminals" in their minds. These images
are male people of color, ages 14–25. If you know who the criminal is, you will make a point to find him. If you think all minorities are criminals,
you will find reason to arrest them without hesitation. The effects of spending all funding on street crime can be seen and felt in other government
programs. As we've discussed, the US education system is in a state of crisis. Schools do not have adequate funding to educate the kids.
This is especially a problem in urban areas, where the alternative to school is life on the streets. Social services are also being eliminated, giving many
no other option but to stay in poverty. Healthcare is a fantasy for many Americans, and yet our government can justify constructing massive prisons to
hold all the
"deviant ones" in society. White collar crime is 90 times more costly than street crime, and yet no one seems to want to address the problem. Many of
the ones who commit white collar crimes are the same ones who have the power to decide where funding goes.
The

White Collar Crime
Welcome to the age of white collar crime. A time when the words thieves and businessmen go hand in hand. White collar criminals don't get their hands
dirty in their work. They use their heads to get what they want instead of using a little muscle. These criminals are just as dangerous as the rapists and
murderers. In these times, even the most seemingly respectable people are suspected of white collar crimes. President Clinton and the first lady Hillary
Clinton have been tangled up in the Whitewater and Travelgate business ventures. Although the two have not been formally charged with any
wrongdoing, there is a committee currently investigating their dealings and charges are not out of the question for either of them. In Michael Isikoff's
...show more content...
These people have more opportunities to commit a white collar crime than a person with little authority. Peter Michelmore, a journalist for Readers
Digest describes this situation well in his article, "On the Trail of a Scam" He describes a savings and loan scam and the man behind it all.
"Meyer learned that New Era was run by John G. Bennet, Jr., a 57 year old evangelical Christian." (112) New Era was a getting money from a
private university, in which he promised huge returns on their investment. New Era did show them huge profits, but only to gain their trust and
invest more money. The private university was gaining trust in New Era and investing more money. Finally, when They had invested a large sum of
money, New Era collapsed and John Bennet walked away with the university's money. Mr. Bennet is a prime example of our findings. He is a man
over the age of eighteen and he is in a position of power. People have entrusted him with their money. To commit his crime, he needed to be in a
position where he was trusted, or in authority. After he won their trust, he took their money. White collar crimes are growing at an alarming rate and
must be curbed. There are many things that the nation can do to slow the growth of these crimes. The white collar crime that affects the most people is
the scam. For that reason, scam prevention will be emphasized more than embezzlement. I feel that the most effective weapon against these crimes is to

Define White Collar Crime
White Collar crime is not a crime unto it self, but instead a criteria that has to be met in order for a crime to be considered as White– Collar Crime;
(Blount, 2002) hence the reason why Corporate Crime is also considered as White– Collar Crime. At the same time, White Collar Crime and Corporate
Crime can be seen as distinct criminological categories, however, in order to reveal this, this essay will firstly be exploring Sutherland's definition of
white collar crime and the perplexity with this definition of white–collar crime. It will then be looking at the modification which had to take place with
Sutherland's definition of white–collar crime in order to established a distinction between white–collar and corporate crime....show more content...
Furthermore, criminal behaviour is learned, and when this behaviour is been taught, it entails techniques of committing the crime which at times can
be complicated and other times quite simple; ' the specific direction of the motives, drives, rationalisation and attitudes.' (Newburn, 2013, pp. 394).
Although this theory is rarely used when theorising white collar crime, it is nonetheless an important factor in many offending. For example, a study
carried out by Geis of an electrical equipment company found that a lot of manufacture encouraged price fixing by their employee as a way of coping
with market pressure. Geis pointed out that these activities was an established way of life where those that are involved learns attitudes and
rationalisation that favour and support such misconduct. (Newburn, 2013). A second theory was given by Hirschi and Gottfredson, which is called the
Self Control Theory. This theory focus on human nature and the significance of gratification. The central idea of this theory is that individuals peruse
self interest and self gratification and the avoidance of pain. In regards to this theory crime is seen as a way in which individuals maximise pleasure
and minimise pain. Furthermore, they argued that the differences that there are between those that chooses not to be involved in criminal activities and
those that choose to

The Pros And Cons Of White Collar Crime
Criminals walk amongst us everyday. When people hear the word criminal, "murderer", "robber", and "arsonist", are what most people think of. No
one thinks about the CEO of a billion dollar company, the everyday pharmacist, or even a trusted personal financial advisor. This is due to the
"respectability" and "high social status" these occupations hold (Temchenko, 2016). Of the many crimes committed every year, white collar crimes are
one of the most highest crimes committed because they are overlooked. On July 28, 2016 , 14–year–old Bresha Meadows, who had no prior record of
violence, was arrested and potentially up for a life sentence in prison for saving her family from more domestic abuse by shooting her father (Jeltsen,
2016) . In 2003 the former chairman and chief executive of MCSi Michael E. Peppel, who pleaded guilty to conspiracy, money laundering and filing
false documents with the Securities and Exchange Commission was only sentenced to spend seven days in prison because Peppel was a "remarkably
good man". The charges against Peppel carry a minimum 8 year sentence (Henning, 2013). Sentencing disparities between white collar crime versus
street crime is a crime within itself and some form of justice needs to be served. Sentencing disparity is defined as a circumstance where alike cases
are not treated similarly or different cases are not treated differently (Council of Europe, 1989). An example would be two men who each stole the
same amount of items. Neither have

White And Blue Collar Crime
"Blue collar and violent crimes have such a strong presence in the media and everyday life, but so little economic effect, a greater focus needs to be
on what is causing more destruction to the economy: White Collar Crime." (Graham 8) In today's society, however this practice not only occurs in the
United States, but in several developed and developing countries around the world. White and blue collar crime are universally classified as the same
offenses, however different countries have varying understanding and approaches towards white and blue collar crime; which can have an effect on
whether the media encourage or discourage white and blue collar crime, as well as how white and blue collar crime techniques have evolved with
technology
The process of writing this paper began by researching the largest issues surrounding white and blue collar crime. The first issue that found for this
paper is quite relevant to today's society, the media interpretation and bias regarding crime. The next issue found was based off an article that spoke
of how white collar crimes are often committed through technology, which made me wonder how it evolved from its original roots. While the final
issue arose in mind as I saw a broadcast about the sudden withdrawal of currency in India due to excess counterfeit money (a white–collar crime)
circulation, and how it was...show more content...
Sutherland, and means "a crime committed by a business or government professional" (Federal Bureau of Investigation) that is also not physically
harmful. "White collar crimes include things such as fraud, embezzlement, price fixing, and abuse of political and legal power" (Funk and Wagnall's
New World Encyclopedia). While "Blue Collar" crimes are "committed by a person who is unemployed or poorly paid and fell thy have no other
choice but to engage in criminal activity." (Educate Scotland) Blue collar includes violent crimes such as homicide, robbery, and

White-Collar Crime Essay
Today, worldwide, there are several thousands of crimes being committed. Some don't necessarily require a lethal weapon but are associated with
various types of sophisticated fraud, this also known as a white–collar crime. These crimes involve a few different methods that take place within a
business setting. While ethical business practices add money to the bottom line, unethical practices are ultimately leading to business failure and
impacting the U.S. financially. The forms of bribery and embezzlement have been around longer than dirt. The earliest white–collar crime, that was
documented, dates back to the 15th century in England. The law was forced upon society in 1473 in response to embezzlement, or also recognized as
the Carrier's...show more content...
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 is insider trading, which is referring to buying or selling a company's stock while knowing or possessing non–public information.
For instance if the employee was to tell a friend important company information and the friend trades that corporations stock, both will be indicted. The
next is securities fraud, which involves deceit of a company's performance. This dishonesty manipulates the market, which results in people making
bad investments. The third violation is antitrust, which is also considered as monopoly values. For example, abusing the power of price fixing, or
artificially raising prices beyond competitive market values. The last crime is bribery; quid pro quo plays a huge role in this specific violation. For
instance, where someone gives a gift or does something to please upper management in exchange for a favorable act ("High–profile White–Collar
Crime"). While the criminal commits these crimes, they seem to forget the ripple effect that this can cause in a business and society. They think they're
cheating the business out of money and have a worry free future lying right

In 1939, American sociologist Edwin Sutherland introduced the phrase "white–collar crime". White–collar crime is a nonviolent crime committed by a
business or large corporations. They are usually scams or frauds to gain wealth in society. The people who are guilty of this crime lie, cheat and steal
from investors of their company or business. Even though these crimes are non–violent, they have major impacts on the society. Their companies
become non existent and families get destroyed. All of their life savings and savings for their children get taken away, and they become bankrupt. Not
only does it affect their families, the investors who believed in their business lose millions or even billions of dollars. For this assignment I will
examine a company that committed a white–collar crime and explain what that company did or how they were caught. Then, I will describe the impact
that crime had on our society. Also, how do white–collar crimes differ from other forms of crimes and deviant behavior. The case of white–collar crime
I chose to educate myself on was the Enron scandal. The Enron corporation was an energy and services company in Houston, Texas. In just fifteen
years, Enron became the seventh largest company in the world. They were one of the worlds largest electricity and natural gas companies. According
to CNN, in 2000, the company claimed to have made around 111 billion dollars in revenue. During that time, a single share was going for $90.75.

White Collar Crimes in America Essay

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White Collar Crimes in America Essay