Chapter 11 DQ
1. What are some examples of white-collar crime in American history?
Some of the earliest examples of white collar crime would be scandals such as the 1920's Teapot Dome Scandal that involved members of then President Harding's administration. The Scandal involved the leasing of naval oil reserves without going into the bidding process. Another example would be the S&L scandal of the 1980's. The amount of money may never be known and the scandal was known as the biggest white collar crime in history. This scandal involved the intentional mismanagement and personal appropriation of depositors' funds by institutional executives. More recently, the Enron scandal shook the financial world. Enron was hiding losses and inflating what they reported to shareholders, causing a complete collapse of the financial giant. 2. What is white-collar crime? How did the idea of white-collar crime develop in the
White collar crime can be defined as any violation of the criminal law "committed by a person of respectability and high social status in the course of his occupation." The concept of white collar crime has evolved over many decades and through many scandals. White-collar crime has many methods in which they are committed, such as through the use of computers and special knowledge of the law and ways to get around said laws. 3. What is organized crime? How does it differ from white-collar crime? criminological literature?
Organized crime is an unlawful activity of a highly organized group engaged in supplying illegal goods and services. Some more famous groups of organized crime would be the Mafia and La Costa Nostra. These two groups are of Sicilian descent, though not all organized crime is based out of Italy. There are organized crime rings coming out of Russia, Nigeria, Mexico and other places as well.
Organized crime has a lot of elements of white collar crime. They may have interests in computer crimes, and...