The Subprime Mortgage Crisis Summary: Since 2006‚ American gradually comes into being a crisis called ’’sub-prime mortgage crisis’’. This crisis becomes more and more serious in the following year‚ now it is becoming a finance storm that is sweeping over the world like EU‚ Japan and such main financial markets. The storm had first destroyed the Wall Street and some important global financial Institutions; it also results in the bankruptcies of sub-prime mortgage institutions‚ the closures of
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E C T I O N II Understanding White-Collar Crime Definitions‚ Extent‚ and Consequences S ecti on Hi g h l i g h ts •• •• •• •• •• •• White-Collar Crime: An Evolving Concept Modern Conceptualizations of White-Collar Crime Extent of White-Collar Crime Consequences of White-Collar Crime Public Attitudes About White-Collar Crime Characteristics of White-Collar Offenders A 34 s noted in the introduction‚ Edwin Sutherland created the concept of white-collar crime more than 70 years ago to draw
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Why does white collar and corporate crime tend to go undetected‚ Or if detected not prosecuted White collar and corporate crimes are crimes that many people do not associate with criminal activity. Yet the cost to the country due to corporate and white collar crime far exceeds that of "street" crime and benefit fraud. White collar and corporate crimes refer to crimes that take place within a business or institution and include everything from Tax fraud to health and safety breaches. Corporate
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the cons and challenges presented by Neal in White Collar. The show is about a super suave con artist‚ Neal Caffrey‚ who has an unlikely partnership with FBI agent Peter Burke. To avoid jail‚ Neal signs on with the White Collar Division to help Peter catch other white-collar thieves‚ but conceals an ulterior motive throughout the show. Together‚ they solve fraud cases‚ and catch many criminals‚ while balancing their own drama outside the White Collar division. Neal uses his charm‚ and manipulation
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of White Collar Crime Types of White Collar Crime White Collar Crime in our country has been highly publicized over the past decade or so. A few of the well-known events are WorldCom (2002)‚ Enron (2001)‚ and the Bernie Madoff Ponzi scheme (2008). The fact is white collar crime is on the rise and it comes in many forms; embezzlement‚ identity theft‚ insider trading‚ insurance fraud‚ money laundering‚ price fixing‚ and many more. Telemarketing has become one of the fastest growing white collar
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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 the farms where they work. Exposure is said to occur when the workers are in the fields and helicopters spray the nearby fields. However‚ the industry is
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with the Criminologist and Sociologist Edwin H. Sutherland‚ in the year 1939‚ who popularised the term ̳white collar crimes‘ by defining such a crime as one ―committed by a person of respectability and high social status in the course of his occupation.‖ Sutherland also included crimes committed by corporations and other legal entities within his definition. Sutherland‘s study of white collar crime was prompted by the view that criminology had incorrectly focused on social and economic determinants
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White collar crimes differ from traditional crimes. Society mainly base their point of views of the two from the perspective of media. Not only does media view the two as different the criminal justice also respond to white collars cases differently. There may be several theories behind the activities of white collars crimes. Williams‚ (2008) states‚ “The activities of interest to white-collar and corporate criminologists traverse the fields of law‚ economics‚ politics‚ and accounting‚ thus requiring
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Labeling- the idea that deviance and conformity result not so much from what people do as from how others respond to those actions. 6. Stigma- a powerfully negative label that greatly changes a person’s self-concept and social identity. 7. White-collar crime- crime committed by people of high social position in the course of their occupations. 8. Corporate crime- consists of the illegal actions of a corporation or people action on its behalf. 9. Hate crime- a criminal act against a person
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diverse set of actors—including executives‚ doctors‚ politicians‚ and computer hackers. The authors have attempted to infuse each chapter with a historical perspective by describing some selected cases from the past in order to illustrate that white-collar crime is not solely a contemporary social problem but has a long and vivid history. I. The History of a Concept a) Ponzi’s - Whereby investors’ returns are paid for directly by later investors’ investments‚ giving the false impression that the
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