The computer revolution has altered the ways white-collar criminals commit crimes such as embezzlement, money-laundering, and identity theft. Describe these two ways and identify the various crimes involved. Describe which people these criminals target for their crimes.
Solution
Descriptions of these two are given below:
1. embezzlement: In this type of white-color crime, embezzlement can be done in terms of money as well as in land property also. Suppose you have a full trust on somebody and you have give the responsability to him, to take care of your land property. But after sometime that person broke you trust and start using the land
for his own puprose then this is a type of land embezzlement.
2. money-laundering: You can think of money-laundering as a process where money making is done from suppose source X but its look like that money making source is Y. In money-laundering, criminals hide the original illegal source of income and they try to prove that income is coming from legal source.
Criminals targets following peoples:
1. People with high profile image in society.
2. People with rich background
3. People with most shares and stacks.
.
The computer revolution has altered the ways white-collar criminals co.docx
1. The computer revolution has altered the ways white-collar criminals commit crimes such as
embezzlement, money-laundering, and identity theft. Describe these two ways and identify the
various crimes involved. Describe which people these criminals target for their crimes.
Solution
Descriptions of these two are given below:
1. embezzlement: In this type of white-color crime, embezzlement can be done in terms of
money as well as in land property also. Suppose you have a full trust on somebody and you have
give the responsability to him, to take care of your land property. But after sometime that person
broke you trust and start using the land
for his own puprose then this is a type of land embezzlement.
2. money-laundering: You can think of money-laundering as a process where money making is
done from suppose source X but its look like that money making source is Y. In money-
laundering, criminals hide the original illegal source of income and they try to prove that income
is coming from legal source.
Criminals targets following peoples:
1. People with high profile image in society.
2. People with rich background
3. People with most shares and stacks.
