White Collar Crime

Topics: Fraud, White-collar crime, Theft Pages: 4 (1482 words) Published: October 8, 1999
Welcome to the age of white collar crime. A time when the words thieves and businessmen go hand in hand. White collar criminals don't get their hands dirty in their work. They use their heads to get what they want instead of using a little muscle. These criminals are just as dangerous as the rapists and murderers. In these times, even the most seemingly respectable people are suspected of white collar crimes. President Clinton and the first lady Hillary Clinton have been tangled up in the Whitewater and Travelgate business ventures. Although the two have not been formally charged with any wrongdoing, there is a committee currently investigating their dealings and charges are not out of the question for either of them. In Michael Isikoff's and Mark Hosenball's Newsweek article "Cracks in the Wall," they describe the Clintons' dealings with Whitewater and the possible consequences of them: "The Senate Whitewater committee is considering asking for perjury charges against Susan Thomas and Maggie Williams, Mrs. Clintons' chief of staff, in connection with her testimony about the removal of documents from Vince Foster's office" (Isikoff 29). This case goes to show that there presently a growing problem with our country, and it is called white collar crime. White collar crimes are very numerous in kind. New ones are always being invented by someone with a good scam. Embezzlement, tax evasion, and fraud are some of the more popular kinds. A person who has the power of controlling money in a business is most likely commit embezzlement. A shortened definition of embezzlement is "to steal money that is entrusted to Phillips 2 one." This is one of the fastest rising crimes in the nation. According to the Federal Bureau of Investigation, embezzlement rose thirty eight percent from 1984 to 1993 (U.S. Dept. of Justice 239). Forgery is another growing form of white collar crime. This is defined as the act of imitating or counterfeiting documents or signatures for the purpose of...
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