White Collar Crime Rational Choice Theory
CHOICES
“White collar crime” refers to those offenses that are anticipated to generate fiscal gain using some form of dishonesty. This type of crime is usually committed by people in the commercial world who, as a result of their employment position, are able to get a hold of large amounts of other people’s money. “White collar crime” does not involve forceful, drug-related, or blatantly illicit activities. In fact, perpetrators are typically involved in otherwise lawful industries and may hold respectable positions in the community prior to the discovery of their fraudulent schemes. The slogan “white collar crime” was made up in 1939 by Edwin Sutherland during a dialog which he gave to the American Sociological Society. Sutherland described the term as “crime committed by a person of respectability and high social status in the course of his occupation”
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There are different types of “white collar crime” that exists inclusive of fraud, embezzlement, insider trading and Ponzi schemes. “White collar crime” affects everyone and the main driving force of the perpetrator of the white collar crime is mainly greed plain and simple. There are different theories associated with “white collar crime”. One of these such theories is the rational choice theory. The rational choice theory indicates that persons have a choice of whether to commit an offence or not. In this case “white collar crime”. Therefore, before committing the crime the offender weighs the pros and cons associated with the crime. The offender who decides to commit “white collar crime” goes about it in the everyday activities in their job. The offender on a daily basis will observe a certain type of “white collar crime” taking place in his workplace and during the daily or routine interaction with his colleague who is carrying on the crime, will learn how to commit the same type of “white collar crime”
The Economic Impact Of Organized Crime In The United States
1221 Words | 5 PagesThe economic impact of organized crime is also significant, as it creates a black market economy that is often linked to other criminal activities, such as fraud and identity theft. Organized crime groups are also involved in a range of white-collar crimes. These crimes often involve sophisticated financial schemes that defraud individuals and businesses out of billions of dollars each year. This has a significant impact on the economy, as it undermines trust in the financial system and erodes the confidence of investors and consumers. That being said, organized crime does pose a significant threat to public safety and can have far-reaching consequences, such as contributing to drug addiction and fueling violence in communities.
Regulatory Oversight Affecting White Collar Crime
350 Words | 2 PagesIn week sevens exam the regulatory oversight components is looked at and how it affects white-collar crime as well its effectiveness in preventing these crimes as its basic intent. This essay will attempt to investigate and explore the possible solutions as well as the scenarios that are best employed in the use of regulatory oversight, as well as its meaning and function. It is also hoped that by virtue of this examination that possible improvements can be suggested as to advancing the understanding and history of past and current polices. By definition the regulatory agencies function is primarily deal with the administrative aspect of laws where regulation as well as rule making are codified by a legislative body.
1943 Dotterweich Case Analysis
647 Words | 3 PagesThat is past cases with similar white collar crime's (business crime). For instance, the United States case that brought charges against the President Parks of Acme Markets Inc. the food chain that failed to comply with inspections who discovered rodents in the food warehouses (Zipperman, 1991). Under
Broken Crime Theory
255 Words | 2 PagesThe Broken Windows Theory is effective at preventing crime by cracking down on urban disorder. Broken Windows policing has reduced the number of shootings, murders and other violent crimes in New York City. Through the implementation of Broken Windows policing in New York City, businesses were able to grow because they no longer had to fear having their money or goods stolen by delinquents. Broken Windows policing in New York City encouraged the growth of tourism; by cleaning up the streets and removing criminals, outsiders felt safe visiting. This reinvigoration on New York City also helped cause the influx of new residents because people were able to take the subway and walk down the streets without fear of being mugged or assaulted.
Is Dexter The Key Victim Or Anti-Hero?
984 Words | 4 Pages“Does Crime Pay? In Dexter's case?” In the article the author discussed crime paying off in finical terms. Mr. Landsburg argues that criminals engage in risk assessment before deciding to commit a crime by weighing the potential to get caught and the possible jail time as a result. Furthermore, the writer of the article states that crime pays off when criminals are comfortable with the “small chance of a big punishment” since crimes with serious consequences generate the most rewards.
Analysis Of More Than 20 Fraudulent State Id's Found During White Collar Crime
1427 Words | 6 Pages(Salamat 2016). The word fraudulent itself is a representation of criminal activity, which ties in with the topic of this paper – white collar crime. Furthermore, this paper will answer the question how scholars explain white collar crime and its criminals. The first offender is a 31-year-old female, and identified as Melissa Diaz. The second offender is a 22-year-old male, identified as Edgar Fuentes.
Federal Bureau Of Investigation Essay
994 Words | 4 Pages“Citizens who have recieved satisfaction from law enforcement with respect to white-collar crime are probably more likely to report crime, be stand-up complaining witnesses, and generally cooperate with police[more often]”(Organization of Agency Efforts to Combat White-Collar Crime, Pg. 6). With the elimination of the FBI’s white-collar crime division, white-collar appropriation will be handled more effectively as more information will be passed and criminals will be arrested. This boosts public opinion as these people “recieve satisfaction” from the arrest made to white-collar criminals. “Citizens entire attitude toward government could be improved by satisfactory contacts with anti-white-collar crime enforcement[Securities and Exchange Commisions] efforts”(Organization of Agency Efforts to Combat White-Collar Crime, Pg. 6). With the FBI granting information to the SEC and the SEC working tirelessly to connect people to a white-collar crime and arresting them, it enhances public opinion which can make people more willing to help.
Disenfranchisement Vs Street Crime
266 Words | 2 PagesTo contribute to the financial advantage the rich have, the wealthy generally commit more white collar crimes than street crimes, which are treated as lesser in the overall criminal justice system. Street crimes are far more visible than white collar crimes and those charged with street crimes are more likely to face justice than those charged with white collar crimes (Martinez, 2014).
Criminal Activities In The 1920s
1624 Words | 7 PagesThese people included those with a high position or rank in society, such as police
Crime: The Broken Windows Theory Of Crime
143 Words | 1 PagesThe Broken Windows theory sounds practical on paper, but in practice it is not a sound theory of crime. Similarly, the Reagan administration, and stop and frisk enforcement were practical on paper, but did not turn out with the right results. Laws such as these are too often directed towards the wrong demographic usually minorities. It is discernible that the Broken Windows theory targeted many African Americans and Latinos in ways that data shows that there is an over-population of minorities being incarcerated, experiments show that it is the whites creating disorder, no concrete evidence that the Broken Windows theory worked, and the authorities wanted to believe that the theory worked. Ultimately, crime is down for the better, but it is
What Are The Difficulties In Defining And Punishing Crimes Of The Powerful
2298 Words | 10 PagesThe offence committed by these people is made an opportunity through their legitimate form of employment. Some examples of white collar crime include fraud, work place theft, and embezzlement and tax violations. The sociologist Edwin Sutherland defined white collar crime as ‘crimes committed by a person of respectability and high social status in the course of his occupation’ (Sutherland, 1949:9) Corporate crime can be defined as illegitimate acts or failures to fulfil moral and legal obligations that are an outcome of intentional decision making or liable negligence within a legitimate formal organisation.
Situational Crime Prevention (RCP) And Rational Choice Theory
1505 Words | 7 PagesThird, I will explore Farrell 's critique of Hayward 's article and consider his arguments made in response to Hayward 's conclusions. Fourth, this paper will engage in its own critique of both Hayward 's and Farrell 's work and conclude with which article makes the most compelling argument. Tenets of Rational Choice Theory and Situational Crime Prevention Rational choice theory originated in the Classical School of thinking as it is based on the ideas of utilitarianism, which states that individuals make decisions that provide the greatest pleasure, as well as the ideas of free will and rational thought (Farrell and Hodgkinson, 2015). According to Farrell and
White Collar Crime Essay
830 Words | 4 PagesWhite-collar crime is a financially motivated nonviolent crime committed by business and government professionals. The term “white-collar crime” was first used by criminologist Edwin Sutherland in 1939 for the various nonviolent crimes usually committed in commercial areas for financial gain. White-collar crimes are classified as fraud, bribery, Ponzi schemes, insider trading, labor racketeering, embezzlement, cybercrime, copyright infringement, money laundering, identity theft, and forgery. Even though these crimes are committed without the use of weapons or threats of physical violence, it does not mean that they don’t create victims as they might destroy a person life or a company’s life cycle.
Madoff Case Summary
234 Words | 1 PagesTrust and consistent returns were characteristics that attributed to the success of Madoff’s operation. White collar crime is committed by educated people in positions of power, trust, and respectability (Ferrell, et al, 2013). Madoff was an educated individual and created an image of trustworthiness in his positions as Chairman of NASDAQ. He also operated a legal business, especially in the beginning that credited his success. Lewis outlines an incident with a longtime friend of Madoff and how trust initiated the investment.
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