White Collar Crimes Research Paper

Ian De Jesus Law Enforcement 1 - 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 has been a continuing process since the beginning of man. One could say that it is so due to the greediness of human nature. However, there have been recent efforts by organizations to hunt down these men and women
One of those cases occurred in the Rio Grande Valley when the Cameron County District Attorney Armando Villalobos was arrested in 2013 and was sentenced 13 years in prison because he was convicted of misusing his authority by taking bribes in exchange for “service.” Another event of white-collar crime in the Rio Grande is when a Starr County narcotics officer was subdued because he was indicted with the act of being paid thousands of dollars for trying to steal a drug load with a fake seizure report. However, if Texas can be affected by these crimes, other states throughout the nation would most likely be affected too. An example of this would be when a film scheme occurred in California. The owners of a company called Gigapix Studios claimed that they were creating an animated movie for the “Wizard of Oz” called “OZ3D.” They promoted their ideas and encouraged the investors to support their cause and declared that “You’re going to make so much money that your kids and grandkids won’t want for anything.” In truth, out the $8 million raised for the movie, only 5 percent of that actually went towards the creation of the movie because the remaining were used to pay enormous salaries, commissions, fancy office space, and miscellaneous expenses. Eventually, the movie was never made into fruition, and it’s highly likely that the investors never received a refund at all. What makes it more
The Federal Bureau of Investigation or FBI is one of the groups who look into white-collar crimes. One of their priorities is to combat public corruption at all levels and major white-collar crimes. The Securities and Exchange Commission is also involved in cases that are connected to these type of crimes because one of their roles is to attempt protecting investors and prevent them from falling for financial schemes. The Internal Revenue Service and the United States Treasury might be involved in major cases of white-collar crimes that severely affect the cash flow of the economy due to it becoming unbalanced because of money laundering and bank secrecy violations. The United States Postal Service contribute to stopping these crimes by preventing their service and staff from becoming an asset for fraudulent crimes. Another organization is the U.S. Immigration and Customs Enforcement because they are responsible for diagnosing, investigating, and dismantling vulnerabilities regarding to the nation’s border, economic, transportation, and infrastructure security. This organization is included to the list due to the effects of white-collar crimes in a nation’s economy, infrastructure, and transportation which can be used as a facilitator of these