Lying, Cheating, Stealing: White Collar Crime

1080 words - 5 pages

Lying, Cheating, Stealing: White-Collar Crime

“Lying, Cheating, Stealing. That’s white-collar crime in a nutshell.” That is how the Federal Bureau of Investigation describes crime committed by corporations (FBI—White-Collar Crime). These crimes include fraud, identity theft, internet swindles, money laundering, price-fixing, embezzlement, political corruption, police brutality, and much more. Conklin (2010) defines white-collar crime as “any illegal act, punishable by a criminal sanction, that is committed in the course of a legitimate occupation or pursuit by a corporation or by an otherwise respectable individual of high social standing.”

Who are white-collar criminals? Who ...view middle of the document...

This differs from those whom we consider blue-collar criminals. Some think that blue-collar criminals are of a low social class, uneducated, probably minorities, and/or drug addicted. They types of crime committed by both types of criminals are vastly different and in most cases complete opposites.
Blue-collar criminals commit visible crimes, such as robbery, burglary, DUIs, assault, the crimes that we see every day in our newspapers. Their crimes affect one person at a time. Many people think that these are crimes of opportunity or desperation. Whereas, each white-collar crime “can affect millions of citizens over a long period of time” (Balsmeier & Kelly, 1996). These types of crimes seem to be crimes of greed that can jeopardize our society as a whole. The cost differences between these are enormous. According to the Federal Bureau of Investigation, white-collar crime cost $300 billion each year as opposed to blue-collar crime that cost $525 million each year. It appears that white-collar crime is far more destructive and harmful to society than blue-collar crime. Lives are destroyed “by the unlawful actions of a few whose need for power and profit resulted in illegal, unethical, and immoral acts” (Salinger, 2005). A white-collar criminal cause more lost jobs and causes more bankruptcies than a blue-collar criminal ever could, and yet they are viewed differently.

Many people believe that white-collar criminals are given preferential treatment during sentencing. For example, would bank robbers receive a harsher sentence than bank executives who committed fraud in the same bank? White-collar criminals tend to receive sentences such as home detention, community service, or minimum-security prisons. For example, according to ABC News and 20/20, Bernie Madoff wrote about his incarceration, “As you can imagine, I am quite the celebrity, and am treated like a Mafia don.” “They call me either Uncle Bernie or Mr. Madoff. I can’t walk anywhere without someone shouting their greetings and encouragement, to keep my spirit up.” “It’s really quite sweet, how concerned everyone is about my well being, including the staff ... It’s much safer here than walking the streets of New York.”

There are two reasons for the disparity between white-collar crime sentencing and blue-collar crime sentencing. The first reason why blue-collar crimes seem to be punished more harshly is that many of these crimes, such as...

Other Essays Like Lying, Cheating, Stealing: White Collar Crime

The Benefits of Crime in Society

758 words - 4 pages takes the light off the other white collar crime that is going on under tables of high business. The impacts of crime and anti-social behavior can include criminal damage to public and private property, homes, shops, schools, highway signs. This could include stealing highway signs, shooting them with a rifle or paint balls, spray painting graffiti on signs, walls or windows. It is perceived that in today’s society that we should fear crime

Dishing the Dirt on White Collar Crimes

2847 words - 12 pages Dishing the Dirt on White Collar Crimes A subject which is very interesting to me is white collar crimes. There are so many white collar crimes, and we will look at various cases such as larceny, forgery, computer fraud, credit card fraud, identity theft, embezzlement, welfare fraud, and extortion just name a few. Some of these crimes are very well known, while some are not though it still remains that the crime was committed. Some would

Ethical Integrity in the Workplace

2629 words - 11 pages ) Establish Boundaries The wave of white-collar scandals shook corporate America and outraged the public after thousands of people lost their jobs and pension nest eggs. The collapse of Enron was a very big case that went to trial in December 2001. Former Enron financial chief Andrew Fastow was the mastermind behind the collapse of Enron. Four thousand employees lost their jobs and many of them lost their life savings. Investors also

Intro to Crime

2000 words - 8 pages Introduction Crime is a broad topic that cannot easily be defined or measured. To fully understand crime, one must consider a wide range of crime types such as, the characteristics of offenders and victims, the various ways that crime is defined and sources of data or information about crime in our society. This essay looks at 4 major segments of modern day crime, property crime, white collar crime, violent crime and internet crime and will

Death of a Salesman Analysis

696 words - 3 pages Dream’. The major problem woven into the plot discusses how Willy, insufficiently, attempts to be able to die ‘the death of a salesman’, both wealthy and comfortable. In this play, the American character is criticized because the play emphasizes how children are a result of their parents modeling by including examples such as how Biff and Happy, the unsuccessful children, believe that lying, cheating, and stealing are tolerable because of the

The Role of the Internet and Crime

968 words - 4 pages perpetrators. (Hinduja, 2013) The role viruses, other malicious code, and phishing attacks play in aiding this criminal activity. Security threats to the Internet are increasing at an alarming rate. It is therefore essential that both Internet users and service providers clearly understand those threats and how best to protect themselves from such threats. White-collar crime is a criminal act that arises from opportunities created by a person’s

Cyber Crime Trends

1821 words - 8 pages crime to the desperate white collar worker with the dire monetary need downloading company secrets for that monetary gain, to the sociopath who can manipulate any network for whatever the need may be that day and no regard for what is right and wrong (Shinder, 2010). Some signs to look for can include disturbing phone calls, harassment, withdrawing from friends and family, refusing to help at work because of being discovered, avoiding formal

The Impact of Fraud on the Nonprofit and Social Services Sector

4356 words - 18 pages concealment calculated to deceive another to his or her disadvantage.” Further, fraud perpetrated in a nonprofit organization involves the “use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the organization’s resources or assets.” Additionally, economic crime is defined in Breaking Out of the White Collar Crime Paradigm as an illegal act (or constantly evolving set of acts) generally committed by

Forensic Accounting Professional Paper

1454 words - 6 pages white collar crimes being committed recently. On top of already studying accounting in university, I have always been attracted to the idea of working for the government. I’ve been in the military both active and reserve since I was 17 and have yet to find a reason not to work for the federal government for the rest of my life. You can retire and claim pension after 20 years in most cases, you have free full medical insurance, the pay is good

Critically Examine What the Concept of Social Harm Might Offer to Understanding of the Complexities of Crime

2008 words - 9 pages (Muncie, Talbot & Walters, 2010). A fine example of social harms not being seeing as crimes by criminal law and as result those who commit such harms or crimes they do not get persecuted is the corporate crime or “white collar crime”. Edwin Sutherland considerers to be a pioneer on determine the concept of “white collar crimes”, i.e. crimes committed by persons that hold a high respectable position within the social circle as a result of


1304 words - 6 pages Japanese sumo wrestlers, who he maintains also cheat. He shows why they might cheat, and offers some ways to measure data to prove they cheat, and gets information from sumo wrestlers who said some matches were rigged. He then discusses the honor method as it relates to bagels and white collar crime and how some office workers do not pay for bagels, and that larger offices are worse than small ones because more people are around to catch you in

Related Papers

White Collar Crime Essay

2574 words - 11 pages illegal activity that involves lying or deceiving people. The definitions mentioned next will go into more detail about what white-collar crime is. Edwin Sutherland says that white-collar crime is "crime committed by a person of respectability and high social status in the course of his occupation" (Baker 2004). Sutherland’s definition of white-collar crime brings a totally different side of the crimes to light. When crime is normally thought about

White Collar Crime Essay

887 words - 4 pages White Collar Crime Principles and Theory of Securities Management For: Professor Leiman By: Jaime Gwidt June 25th, 2016 Introduction This paper will cover the security crimes of credit card and health care fraud. It will discuss how these crimes are committed, their impacts on organizations and the tools a security professional has available to reduce opportunities for such crimes to occur. It will also cover an example of how credit

White Collar And Organized Crime Essay

1014 words - 5 pages White Collar And Organized Crime In the twentieth century, White Collar and Organized Crimes have attracted the attention of the U.S. Criminal Justice System due to the greater cost to society than most normal street crime. Even with the new attention by the Criminal Justice System, both are still pretty unknown to the general public. Although we know it occurs, due to the lack of coverage and information, society does not realize the

What Is Crime Essay

1905 words - 8 pages considered by the term sin, where do you draw the line as to what is considered as a criminal act or not and is it just the existence of different laws that can cause these crimes. Many sociologists have constructed definitions of what they think crime is, however social construct, countries policies, white collar crimes, ideological census all need to be looked at and therefore defining the word crime produces many difficulties as to what behaviours