Most white-collar crimes involve some sort of deceit, fraud, or scam. Fraud, counterfeiting, embezzlement, Ponzi schemes, securities fraud, insider trading, tax evasion, and money laundering are common types of white-collar crime (Thomson Reuters, 2015; Henslin, 2015). Most white-collar crime falls into the Innovation deviant path, where cultural goals, like making money, are accepted, but the institutionalized, in this case legal, means. Ironically, some street crime, like robbery and drug dealing, are considered innovation deviance as well, although are more likely to be prosecuted and given harsh punishments (Henslin, 2015; Class Action, 2015). White-collar crime is not victimless, not only can it cause companies to go bankrupt, but it can cost investors billions or wipe the life savings of families (Federal Bureau of Investigation, 2015). Despite the high cost of the crimes, it is rarely prosecuted because there is not fear surrounding it like there would be around robberies or other crimes where the damage is more visible (Martinez, …show more content…
Another false assumption I had was that only the upper class can be white-collar criminals; some judges consider pirated music and international pharmacy purchases, both which can be done by the middle and lower classes to be “white-collar” crime. I was also surprised, and interested, to learn how common white-collar crime is and that Edwin Sutherland’s broad definition of white-collar crime is considered too strict for many justice departments across the nation (Baker, 2004). As I worked on the paper, I realized that the perception of wealth and class are real norms, whereas legality may just be an ideal norm, deferring negative sanctions off the rich. I was appalled by how much white-collar crime there is and how little is done to stop it or pay reparations to