Week 1: Written Assignment – Article 1 On August 29‚ 2014‚ Joel Steinger‚ former chief of Fort Lauderdale-based Mutual Benefits Corporation (MBC)‚ was sentenced to 20 years in a federal prison. According to the Associated Press (2014)‚ Steinger was the mastermind of an insurance scam in which investors lost about $830 million between 1994 and 2004‚ affecting 30‚000 victims around the world. Mutual Benefits Corp was one of the largest fraud schemes in Florida history to date. Between
Premium Insurance Fraud
A present day study of the term white collar crime‚ is as controversial as it is general. If you log onto the F.B.I. website to see a host of crimes ranging from health care fraud to computer fraud. (www.fbi.gov) Criminologists‚ with a focus on the law‚ contend that many of the behaviors society believes to be white collar crimes are in fact not crimes at all. Without a statute to define a behavior as a criminal violation of law‚ behaviors could be labeled by individual standards rather than in
Premium
White Collar crime has been a hot topic since the 20th century. Edwin Sutherland introduced the term at the fourth annual meeting of the Sociological Association. At this meeting he explained who this type of criminal is and what the criminal does for a living. Sutherland developed a theory to try and fit this type of criminal. The theory is differential association. There are four different pieces of evidence to understand the theory. White collar crime ranges from Embezzlement to Mortgage Fraud
Premium Criminology Fraud Theft
understanding of crime does not include high corporate espionage and embezzlement. The usual definition of criminals focuses on murderers‚ gang members‚ thieves and other types of people from that strata. Timmer and Eitzen criticized the field of criminology as being partial towards the crimes of the ‘powerful.’ Criminology was often associated with disregarding the ‘crimes of the suit’ and focusing solely on the ‘crimes of the streets’ (Newburn‚ 2013‚ pp.372). Some would even regard white-collar crimes as being
Premium Crime Criminology Police
3B 5-1-15 White-Collar Crimes One would ask why someone with a high position‚ who is already earning vast amounts of cash or resources‚ would use backhanded tactics to maintain or advance their power. Unfortunately‚ the love of money or power have sent what seemed respectable people into corruption. White-collar crimes come in many forms and typically include fraud‚ bribery‚ Ponzi‚ schemes‚ insider trading‚ etc. They are mostly motivated by financial gain and are nonviolent crimes. This crisis
Premium Crime Criminology Crimes
only of their retirement‚ their hopes and dreams. When handling the affairs of others it is important to be completely honest and legal. This means when conducting business one should be sure that we are not compromising any ethical values. White Collar Crime is an article written about illegal trading and insider information obtained from doctors involved in a 2008 pharmaceutical trial for an Alzheimer’s drug. According to Gustin this was one of the most lucrative insider schemes in United States
Premium Fiduciary Ethics Stock
Embezzlement In this study we will analyze why companies and individuals decide to embezzle money from companies and or people from sales that work is not yet completed. We will discuss what embezzlement is and who commits these types of crimes. This is a very sticky subject to many people as it can really affect their life in a negative manner. I believe this is a serious topic to look at and gain awareness of so we can stop these criminals from hurting us and our companies that provide jobs
Premium Theft Crimes
White collar crimes committed by people with high status‚ money‚ or power generally tend to get a lighter sentencing than street crimes. People with power‚ have the money and the resources to get out of tough situations that can cause lawful consequences. For example‚ in December of 2001‚ Martha Stewart sold over 3‚000 shares of Imclone System Stocks to save her $45‚000 on her ImClone stocks. She was convicted of conspiracy‚ false statement‚ and prejury changes. For this crime she was only sentenced
Premium Crime Criminology Criminal law
for both white-collar and street criminals. There are several differences that makes the process display what appears to be preferential treatment towards those that understand and commit crimes that are not to be considered street crimes. It is that treatment that makes many in the general public believe the criminal justice system works only for a certain group of people. DISCUSSION: There are many differences in the ways that white-collar crimes and street crimes are processed. With white-collar
Premium Crime Criminology Police
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
Premium Identity theft Theft Fair Credit Reporting Act