top-rated free essay

white collar crime

By 14394 Dec 03, 2013 945 Words
Here is Your Short Speech on White Collar Crime !
The concept of “white collar crime” found its place in criminology for the first time in 1941 when Sutherland published his research paper on white collar criminality in the American Sociological Review. He defined white collar crime as a “crime committed by persons of respectability and high social status in course of their occupation”. A white-collar criminal belongs to upper socio-economic class who violates the criminal law while conducting his professional qualities. For example, misrepresentation through fraudulent advertisements, infringement of patents, copyrights and trade-marks etc., are frequently resorted to by manufacturers, industrialists and other persons of repute in course of their occupation with a view to earning huge profits. Other illustrations of white collar criminality include publication of fabricated balance sheets and profit and loss account of business, passing of goods,’ concealment of defects in the commodity for sale etc. Southerland further pointed out that a white collar crime is more harmful to society than ordinary crimes because the financial loss to society from white collar crimes is far greater than the financial loss from burglaries, robberies larcenies etc. The most dismal aspect of white collar, crimes is that there is no effective programme for the enforcement of criminal law against them and the influential persons involved in these offences are able to resist enforcement of law against themselves. White collar crimes by their very nature are such that the injury or damage caused as a result of them is so widely diffused in the large body of society that their gravity in regard to individual victim is almost negligible. It is probably for this reason that till late these crimes did not attract much attention as they do not carry with them any loss of social status of the offender even if he is caught or detected. There is yet another reason for white collar criminals escaping prosecution. In cases of misrepresentation, concealment or fraud etc., the courts usually place reliance on the principle of caveat-emptor, which signifies that the purchaser must enter into a deal with open eyes and guard himself against ordinary dishonesty of the vendor. As a result of this attitude of the courts there was enormous increase in white collar crime during the period of depression in 1930′s in United States. Perhaps it is for this reason that American President Roosevelt in 1933 insisted on withdrawal of the doctrine of caveat-emptor from adjudication of cases involving white collar crime. Sir Walter Reckless, an eminent American criminologist suggests that white collar crime represents the offences of businessmen who are in a position to determine the policies and activities of business. Some authorities suggest that white collar crimes are committed by persons of status not for need but for greed. Referring to this variety of the upper world of crime, Barnes and Teaters quoted Lord Acton who said, “power tends to corrupt and absolute power tends to corrupt absolutely”. Wherever citizens of a particular nation become apethetic to the working of their Government, corruption and alliance between public servants, politicians and the criminal world become rampant resulting is crimes such as breach of trust, fraud and other malpractices. During the Truman administration in U.S.A. the well known “Fine percenters” and “Friendship Racket” operated between the high ups close to President and contractors who procured war contracts. Bruce Cotton’s book “The War Lords of Washington”, amply reveals the story of the callousness of some businessmen during World War II. It indicates the indifference, greed, inaptness and arrogance of many of those responsible for conducting a war and how they shelved of the democratic ideals for their personal gain while performing their official duties. The reason for such deals remaining undetected as pointed out by Sutherland was that “the fine line between criminal activity and immorality either in business or in government is often difficult to discern”. It must be emphatically stated that white collar criminality thrives because of public apathy to it. The reason for this public insensibility is that firstly such criminals operate within the strict letter of the law and exploit the credibility of their victims; and secondly, the legal battles involved are dragged out for years in the courts, with the result the gravity of the offence is completely lost in the oblivion. That apart, the impact of white collar crime is so much diffused in the community that the individual victims are only marginally affected by it, and, therefore, they conveniently forget all about it. There is yet another important point in context of white collar crime. At times, the members of the community themselves contribute to the commission of various white collar crimes willingly or unwillingly. For instance, illegal gratification to public servants to get the work done quickly, black-marketing in times of scarcity, evasive price violations, rent-ceiling violations etc. are some of the common examples where ‘victims’ of the crime are themselves to be blamed for involvement in white collar criminality. In fact, such crimes cannot be committed unless there is a demand for illegal favour from consumers and they are actively involved in the deal. That’s white-collar crime in a nutshell. The term—reportedly coined in 1939—is now synonymous with the full range of frauds committed by business and government professionals. It’s not a victimless crime. A single scam can destroy a company, devastate families by wiping out their life savings, or cost investors billions of dollars (or even all three, as in the Enron case). Today’s fraud schemes are more sophisticated than ever, and we are dedicated to using our skills to track down the culprits and stop scams before they start.

Cite This Document

Related Documents

  • White Collar and Political Crimes

    ...White Collar and Political Crimes SEC 340 Criminology and the Criminal Justice System   White Collar and Political Crimes I am a criminologist and I have been hired to assist the Farm Workers Union. The Union is making allegations that each year thousands of farm workers are sickened by exposure to pesticides used on...

    Read More
  • Crime: Fraud and Overall White Collar

    ...phenomenon” is known as white collar crime. White collar crime was firstly talked by Edwin H. Sutherland who was a criminologist. He defined white collar crime in a presidential meeting of the American Sociological Society. This meeting was held at the state of Philadelphia in December 1939 to 1940s. He defined white collar crime as “a crime...

    Read More
  • White Collar Crimes (Embezzlement)- Prevention and Detection

    ...& Goldberg, 2009) There was evidence of an increase in company theft during the economic downturns of 1987, 1991, and 2001. For example just after the savings and loans crisis in the 1990s arrests shot up by 52% and during the recession in the early 2000s criminal activity increased by 25% From this we can conclude that there is defini...

    Read More
  • Sociology White Collar

    ...Essay Question The types of crime had had more widespread dangers to civil society both in term of human cost and tax dollar, is White collar crime, and which conflict had more extensive consequences such as death, harm, and cost, etc. Approaching the situation by comparing and contrasting toward crime and the differences are probab...

    Read More
  • Crimes of the Powerful

    ...Throughout crime statistics, crimes of the powerful, for example white collar, corporate and state crimes seem to be almost non-existent. Over the last few decades crimes of the powerful are beginning to gain some sort of emphasis with regards its recognition. Crimes of the powerful have been gaining awareness since approximately the mid 1980...

    Read More
  • How Might Criminology Help Explain Corporate Crime?

    ...‘How might criminology help explain corporate crime?’ Corporate crime is a wide-ranging term, covering a vast range of offenses with differing types of perpetrators, modes of operation, effects and victims (Hale et al. 2005, p.268-9). Types of corporate crime range from financial crimes including illegal share dealings, merger, takeove...

    Read More
  • Increasing Bank Frauds and Cyber Crimes

    ...definition, white-collar crime refers to a relatively uniform behaviour involving actions undertaken by individuals to contribute to the financial success of the organization. They violate the law for the firm. Yet the definition is loose. An offence would be called a white-collar crime insofar as it represents violation of a legal rule constru...

    Read More
  • White Collar Crimes

    ...defines white collar crimes as lying, cheating, and stealing. The Department of Justice defines them as non violent illegal activities that involve deception. White collar crimes falls under the purview of Criminal law. They are usually committed for financial gain. They are committed by means of deception used by people who are in an entreprene...

    Read More

Discover the Best Free Essays on StudyMode

Conquer writer's block once and for all.

High Quality Essays

Our library contains thousands of carefully selected free research papers and essays.

Popular Topics

No matter the topic you're researching, chances are we have it covered.