Laws are a system of rules that countries or communities have in place for regulating the actions of citizens and if broken penalties are immediately enforced. Although there are laws set in place, they are commonly broken. Laws that’s are broken are considered crimes. Some regulations are broken more than others and some can easily be detected in a matter of second or matter of years. Chapter 14 discusses specific crimes such as Larceny/Theft, Fraud and, White Collar Crime.
Larceny/theft is one of the eight index crimes reported in the Federal Bureau of Investigation Uniform Crime Reports. According to Taylor (2015), theft occurs anytime an unauthorized taking of property from another with the intent of not returning the item back. The …show more content…
Property flipping is thet act of the offender buying a property near the estimated market value and then flaking the price values through false appraisal and the resells the property. Mortgage fraud can be a form of bank robbery where the bank is not even aware it has been robed until months or years later.
White collar crimes are committed through financially gain and are very deceit and are considered non-violent as well. When prosecuting a white collar crime, it is very hard when determining if the offender did it intentionally or unintentionally. White collar crimes do not involve much physical work and are not as obvious. A single scam can impact individuals and families leaving them devastated and broke. Although this crime is not physically attacking an individual, it still is not a victimless crime.
According to Cornell University Law School, Edwin Sutherland defined white-collar crimes as “crime committed by a person of respectability and high social status in the course of his occupation.” As stated by the Federal Bureau of Investigation, white-collar crimes cost the United States more than $300 billion annually. As said by Brian K. Payne (2011), the offender’s occupational role plays a central feature in the perpetration of the crime (Page 3). Another name for this type of crime is paper …show more content…
Alex Thio (2011) stated that white collar crimes are executed with skill, sophistication and have powerful, influential and respectability resources. This is why these crimes can avoid detection, prosecution or conviction for a long period of time. The most common types of white collar crimes are fraud, embezzlement, and organized crime such as laundering. These types of crimes are hard to identify and detect because it can go unrecognized. The crimes are very complex when it comes to organizing it. For instance, to commit grand theft, the suspect has to create fake networks of different companies and generate phony invoices.
An example of a white collar crime is tax evasion. In the event of a tax evasion, the perpetrator attempts to abstain taxes from federal document. One way this is done by filling out simple tax form with false information and illegally transferring property to avoid tax obligation. Forensic accountants and whistle blowers are usually the type of people who identifies and report white collar
Larceny/theft is one of the eight index crimes reported in the Federal Bureau of Investigation Uniform Crime Reports. According to Taylor (2015), theft occurs anytime an unauthorized taking of property from another with the intent of not returning the item back. The …show more content…
Property flipping is thet act of the offender buying a property near the estimated market value and then flaking the price values through false appraisal and the resells the property. Mortgage fraud can be a form of bank robbery where the bank is not even aware it has been robed until months or years later.
White collar crimes are committed through financially gain and are very deceit and are considered non-violent as well. When prosecuting a white collar crime, it is very hard when determining if the offender did it intentionally or unintentionally. White collar crimes do not involve much physical work and are not as obvious. A single scam can impact individuals and families leaving them devastated and broke. Although this crime is not physically attacking an individual, it still is not a victimless crime.
According to Cornell University Law School, Edwin Sutherland defined white-collar crimes as “crime committed by a person of respectability and high social status in the course of his occupation.” As stated by the Federal Bureau of Investigation, white-collar crimes cost the United States more than $300 billion annually. As said by Brian K. Payne (2011), the offender’s occupational role plays a central feature in the perpetration of the crime (Page 3). Another name for this type of crime is paper …show more content…
Alex Thio (2011) stated that white collar crimes are executed with skill, sophistication and have powerful, influential and respectability resources. This is why these crimes can avoid detection, prosecution or conviction for a long period of time. The most common types of white collar crimes are fraud, embezzlement, and organized crime such as laundering. These types of crimes are hard to identify and detect because it can go unrecognized. The crimes are very complex when it comes to organizing it. For instance, to commit grand theft, the suspect has to create fake networks of different companies and generate phony invoices.
An example of a white collar crime is tax evasion. In the event of a tax evasion, the perpetrator attempts to abstain taxes from federal document. One way this is done by filling out simple tax form with false information and illegally transferring property to avoid tax obligation. Forensic accountants and whistle blowers are usually the type of people who identifies and report white collar