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White collar crimes are associated with different social classes. The working class are more likely to commit crimes like theft and violence due to higher visibility. The middle class are more likely to commit fraud, embezzlement and petty theft as these are less likely to be reported to the police. The upper class are more likely to commit insider trading, market rigging and environmental crimes, which are less visible. White collar crimes include occupational, professional, corporate and state crimes. They are more difficult to define than blue collar crimes. Corporations may commit crimes like dangerous sales, breaking health and safety laws, and pollution for profit. Victims can include consumers, employees and the public. Marxists argue that corporate crime is part of the capitalist
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How does white collar crime affect society? Who are the victims of white collar crime? How do
we measure the cost of white collar crime versus conventional crime? Why is it difficult to
determine the cost of white collar crime?
Solution
WHITE COLLAR CRIME EFFECT SOCIETY :
White-collar crimes refer to those crimes that are committed by people who enjoy power and
position in the society .These crimes are in defiance of the familiar theory that social pathology
is the underlying cause of all criminal behavior.
Money is the primary motive for white-collar crimes though sometimes the sheer thrill of gaining
attention and exhibiting wizardry (code breakers and security breach) have been the motivational
factors. White-collar crimes fall under a broad spectrum, which include financial
misappropriation, price fixing, accounting scandals, environmental violations by corporate
bodies, identity theft, security breaching by computer wizards etc. A couple of decades back
people were not so much aware about white-collar crimes. However, today there is increasing
awareness among the public with so many giant corporations like Enron, Exxon Mobil, being
caught in outright scandals and federal violations. In general the effects of white-collar crimes
are far-reaching and can cause seriously affect economy.
\"White-Collar Crimes\"Many people ask what is a white-collar crime These crimes are
extremely harmful to society There are many theories behind the dramatic difference in how
society responds to \"white-collar crimes\" and \"regular\" crimes. The white-collar criminals can
just pay their way back into society like nothing even happen.
VICTIMS OF WHITE COLLAR CRIME : The victims of white collar crime can be placed in
two broad categories: (1) voluntary victims, such as those exploited by swindlers and speculators
who promise a \'fast buck;\' and (2) involuntary victims, who are exploited in routine commercial
transactions that compose normalized economic and professional activities. Victims in the
second group might include creditors, competitors, employees, and customers. The relation
between the victim and perpetrator in all white collar crime is generally similar. It is nonviolent,
indirect, and impersonal, with the victim often being anonymous to the offender.
The cost of white collar crime versus conventional crime
•Usually involves deceit and concealment (rather than direct violence).
•Typically for the purpose of financial gain.
•Occurs in a business setting.
•Less chance of being caught and punished.
•Can be characterized as involving a violation of trust.
•More leniency from the justice system (“status shield” protects from harsh penalties of
“common” criminal offenders.
•Able to secure the best legal counsel.
CONVENTIONAL CRIME :
•Usually involves force or violence.
•Varying reasons for the commission of offenses.
•Usually occurs in non-business settings.
•More focused justice system response.
•Some crimes can involve violations of trust, but most .
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Fraud, Specifically Corporate Fraud, Is A Common Occurrence
Fraud, Specifically Corporate Fraud, Is A Common Occurrence
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