Elements of deviant and abnormal behavior associated with white-collar crime
Deviant behavior is defined as any human activity that violates social norms. Social norms are the basic framework that help to keep our society organized and functioning. People that don’t or can’t abide by those norms are present in every aspect of humanity. Normally people will identify these outsiders and keep their distance. Mostly these individuals end up on the fringes of our civilized world, though there are certainly exceptions to this rule. Certain people whom are lacking the basic social skills necessary are excelling at life because they have found their niche.
The hallmarks of the psychopathic personality involve egocentric, grandiose behavior, completely …show more content…
In the 1990’s his firm executed 9% of all daily trading. In May of 2001 two articles ran stating that Madoff had six to seven billion in assets under management, making his firm the first or second largest and was relatively unknown. This began to raise serious questions regarding his investment operations. Beginning in 2006, whistleblower Harry Markopolous, convinced the SEC to launch an investigation into him. Markopolous had said, Madoff’s business was run like a Ponzi scheme only exposed, as a result of the 2008 financial crisis. Finally, Bernie confessed to 11 different federal crimes and operating the largest private Ponzi scheme. He was sentenced to 150 years in prison and restitution of 170 billion. (Varchaver, …show more content…
The social structure associated with white-collar crime is Strain Theory. Strain theory states pressures can force normal people to go outside of the law or conventional norms to reach goals that society has deemed important. Failing to reach these goal due to an unfair system, or lack of opportunity, can cause feelings of disillusionment and frustration. Acting out on these feeling will push the person into delinquent problem-solving known as anomie or normlessness. The concept of the anomie theory was introduced a year was introduced a year before the introduction of the concept of white collar crime. This theory states that people are taught to value certain goals and luxuries. When someone is born without success then they must resort to any means necessary to obtain a certain level of success. Drug dealing is similar in the sense that without necessary opportunities to make money often times people without means turn to illicit activities to generate wealth. Only opportunities really separate financial driven crimes. White-Collar Crime was coined in 1939 by Edwin Sutherland, this type of crime is committed by a respectable person of high social status in the course of their occupation. Although by 1970 Herbert Edelhertz developed a new definition, he stated that any white collar crime was an illegal act by non-physical means to obtain money or property to avoid payment or
Deviant behavior is defined as any human activity that violates social norms. Social norms are the basic framework that help to keep our society organized and functioning. People that don’t or can’t abide by those norms are present in every aspect of humanity. Normally people will identify these outsiders and keep their distance. Mostly these individuals end up on the fringes of our civilized world, though there are certainly exceptions to this rule. Certain people whom are lacking the basic social skills necessary are excelling at life because they have found their niche.
The hallmarks of the psychopathic personality involve egocentric, grandiose behavior, completely …show more content…
In the 1990’s his firm executed 9% of all daily trading. In May of 2001 two articles ran stating that Madoff had six to seven billion in assets under management, making his firm the first or second largest and was relatively unknown. This began to raise serious questions regarding his investment operations. Beginning in 2006, whistleblower Harry Markopolous, convinced the SEC to launch an investigation into him. Markopolous had said, Madoff’s business was run like a Ponzi scheme only exposed, as a result of the 2008 financial crisis. Finally, Bernie confessed to 11 different federal crimes and operating the largest private Ponzi scheme. He was sentenced to 150 years in prison and restitution of 170 billion. (Varchaver, …show more content…
The social structure associated with white-collar crime is Strain Theory. Strain theory states pressures can force normal people to go outside of the law or conventional norms to reach goals that society has deemed important. Failing to reach these goal due to an unfair system, or lack of opportunity, can cause feelings of disillusionment and frustration. Acting out on these feeling will push the person into delinquent problem-solving known as anomie or normlessness. The concept of the anomie theory was introduced a year was introduced a year before the introduction of the concept of white collar crime. This theory states that people are taught to value certain goals and luxuries. When someone is born without success then they must resort to any means necessary to obtain a certain level of success. Drug dealing is similar in the sense that without necessary opportunities to make money often times people without means turn to illicit activities to generate wealth. Only opportunities really separate financial driven crimes. White-Collar Crime was coined in 1939 by Edwin Sutherland, this type of crime is committed by a respectable person of high social status in the course of their occupation. Although by 1970 Herbert Edelhertz developed a new definition, he stated that any white collar crime was an illegal act by non-physical means to obtain money or property to avoid payment or