3.1 WHITE COLLAR CRIME
Usually, most of the crime is committed by the persons from the lower class and we rarely heard as well as bother about the crime committed by person from the upper class as they always success in covering their crime using their power, money and connection. The crime which is committed by the person from the upper class is known as the white collar crime, or it is also known as the corporate crime. The reason it call as the white collar crime is because it is a crime which is committed by the high social status person and being respected in the course of their occupation. For my opinion, white collar crime happened because the directors fail to follow the director’s code of ethics. White collar crime is one of the example of the effect if directors did not follow the code of ethics of directors. So, business managers, director or executive is the person whom we will refer in the white collar
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405 to 409, Penal Code
Forgery/ credit/ ATM card fraud sect. 464 to 477A, Penal Code
Offences of printing and publication Printing Presses and Publications Act 1984
Money laundering Anti-Money Laundering Act 2001
Offences of company Companies Act 1965
Bribery and corruption Anti-Corruption Act 1997
Occupational offences Occupational Safety and Health Act 1994
Commodities fraud Futures Industry Act 1993
Banking/ financial fraud Banking and Financial Institutions Act 1989
Based on the article of White-Collar Crime in Malaysia, written by Supt Lim Hong Shuan, the white collar crime in Malaysia that had been investigated by police tripled in the last 10 years of 2005. It including with criminal breach of trust, cheating and misappropriation of funds forming the bulk of cases. In 2003, about RM 579 million was involved in 11,714 cases, compared to 4,229 cases (involving RM 153.8 million) in 1994. Fewer cases were recorded in 2004 (9,899 cases) but the amount of losses went up (RM 836.29
A white collar crime is committed to make profits, they are not the acts of madmen or irrational people. They are rational acts that often require planning and careful
White-collar crimes like what happened to Shirley Lee are prevalent today. Many view white-collar crime as less threatening than typical blue-collar crime (i.e. robberies). Both crimes however, affect society in a negative way. White-collar crimes cause more direct financial harm than blue-collar crimes. Blue-collar criminals cause more physical harm and for that reason are often perused and punished more rigorously.
That 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
Judging from the article I read I see the term Robber Barons as a perfectly used term. Before the Civil War people were more of a locally relying group. In the process of the Civil war taking place you start having these men that see an opportunity to making small businesses into big corporations. Now, I did say that the term Robber Baron was over used, but I do believe there was a rise of Robber Baron’s in that time period.
There are all kinds of white-collar crimes include a wide variety of offenses: employee theft, land fraud, embezzlement, medical malpractice, false advertising, price-fixing, charity scams, and government fraud. White-collar crime is the most economically expensive crime in contemporary American society. White- collar crime is strongly related to declining trust and confidence in corporations and government, and safety violations and the distribution of unsafe products result in the death and serious injury of more than 100,00
Searching for Al Capone is the main topic of The Untouchables, but Al is not all that Eliot is looking for. Eliot has continued taking down breweries with the help of his crew and the public. Finally, he has been able to get Capone’s mob to crack and arrested many members including Al for charges against prohibition. After finishing The Untouchables, I started American Gun which goes back before prohibition, even before the Civil War, to find the best guns in America’s history. So far, Chris Kyle has discussed the importance of the American long rifle for sniping in the Revolutionary war, and also the importance of the spencer repeater in the civil war for quicker reloading.
Gordon states considering the nature of capitalism we should not ask ‘why the working class commit crime?’ but we should instead ask ‘why they don’t commit more crime?’ (D, Gordon, 1991). He argues that the thought of capitalism persuades criminal behaviour in all social classes. Gordon believed that the need to win at all costs just encourages capitalists to carry out white collar crime and also things such as tax avoidance.
Criminal behaviour has always been an interest for psychologists, for they could never quite come to a conclusion between nature and nurture. Research concerning this topic has been organized for many years and due to the never ending debate, is still being conducted. I have decided to read and write about this myself, for I was genuinely curious about the matter and wanted to be a part of the research, as I felt responsible to do so. I believe that in order to stop something, it must be discussed and scrutinized. What effects do genes have on criminal behaviour, why do peer pressure and habitat influence a person to commit crimes and are men really more violent than women?
However, not much information is shared outside of the FBI’s, SEC’s, Finra’s, FERA’s, etc, respective agencies. This puts “white-collar criminals at a great advantage” as the “[j]ealousies and rivalries among investigators and among investigative and prosecutorial agencies need to be reduced and if possible eliminated”. Most of the agencies share little to no information because of competition and rivalries between them, this allows important information to slip past an agency focused on a single case. With the dilution of the FBI’s white-collar crime division, more information will be lended to other white-collar crime agencies in order to solve more cases. The FBI’s information would be critical as they have “43 pending investigations on large companies”, and “2,346 probes of potential mortgage-related fraud”, this information will help with the investigations at the SEC and FERA.
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.
To 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).
White collar crime is an organized crime committed by person of higher socioeconomic status in the course of their business, occupation, or profession (Sutherland, 2002). It was introduced to the Criminal Justice system in 1939, but was overlooked by many people because they never noticed it was happening. White collar crime has been taking place in America for a long time and is summed up as lying, cheating and stealing. There are numerous types of white collar crimes such as bribery, bank fraud, embezzlement, and insurance fraud to name a few (National Check Fraud Center, 2011). One case that we all know of, Enron, not only wiped out lifesavings, but cost investors billions of dollars.
I will be explaining through the seven elements of crime whether illegal drug use, prostitution, and gambling fit the elements (Bohm & Haley, 2011). The seven elements of the crime are harm, legality, actus reus, mens rea, causation, concurrence, and punishment. Discuss in detail whether illegal drug use, prostitution, and gambling fit the seven elements of a crime from. Include in your discussion whether these three crimes should be considered mala in se or mala prohibita.
This essay will discuss crime as both a social problem and a sociological problem. Crime is seen as a typical function of society. Crime doesn’t happen without society. It is created and determined by the surrounding society. According to the CSO, the number of dangerous and negligent acts committed between the years of 2008 and 2012 rose from 238’000 in 2008 to 257’000 in 2012.
TERM PAPER TOPIC: CRIME FACTORS INTRODUCTION A crime is essentially an act forbidden by the law, and considered sufficiently grave to warrant providing penalties for its commission. It does not necessarily follow that such an act is either good or bad; punishment follows for the violation of the law and not necessarily for any moral contravention. Before 1968, most theories of crime were resulted from recommendations given by sociologists, psychologists, political scientists, and criminologists.