White Collar Crimes

Improved Essays
Embezzlement and the Effects on Victims and Society
For many years there have been thousands and thousands of individuals that have fallen victim to violent crimes. However, individuals are not always victim of violent crimes such as robberies, rapes, or kidnappings. In fact, individuals can become a victim of a non-violent crimes which many know as white-collar crimes. White-collar crimes was reportedly coined back in the year 1939 and is now used a wide range of frauds which are committed by business and government professionals (Federal Bureau of Investigation, n.d.). White-collar crimes additionally range from a variety of different types of crimes. White-collar crimes can be considered a very serious matters as one single scam can destroy
…show more content…
For example, misappropriating funds that a person have been trusted to an account for personal use (Ray, n.d.). Many may ask what the difference between embezzling and stealing is. Simply to put it together is that embezzlement is done from the inside and it involves taking the one thing, such as money, that the individual was hired to handle and protect (Ray, n.d.). As stated above the seriousness of white-collar crimes, embezzling can have negative effects on the company or individuals that fall victim to it. When a business fall victim to this non-violent crime, it means that the business is without a doubt suffer losses in the form of money or other assets that it may have. This can cause serious consequence for smaller business who are trying to grow or to business who are in a struggle of keeping their business running. According to Dugan Lopatka, who is a certified public accountants and consultants, there are several common forms of embezzlement. The first form is embezzling cash. This is where a large amount of currency are exchanged in business such as a bar, an employee can fail to ring up a sale and pocket the cash (Lopatka, 2014). Second form is called lapping. This type of embezzlement is where a payment is received by a customer and is deposited in the account of the person that is embezzling. When an additional customer make a payment, the embezzler then records it as a payment by the first customer. The cycle then continues on and so on. Additional forms are fake refunds and kiting. Kiting, although technology has made it difficult to do, Kiting “takes advantage of the “float time” between when a company check is written and when it clears the bank account.” (Lopatka,

Related Documents

  • Decent Essays

    For example, robbery, burglary, murder, property, and violent behaviors are blue- collar crimes. Offenders of the blue-collar crimes usually have to come in contact with the victim in court. In a blue-collar crime, the offender is sentenced depending on the charge of the crime. On the other hand, white-collar crimes people with high paid occupations.…

    • 152 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    According to Brian Payne’s, White Collar Crime, when the term white-collar offender is used, images of offenders from the economic or technological systems are often thought of (Payne, 2013). Crimes that are found in economic systems are those crimes committed by individuals such as stockbrokers or investors working in investment companies or other exchange markets that make investments, purchase materials and secure goods. Some examples include the Ponzi and pyramid schemes, insider trading or market manipulation. Crimes that are found in the technological systems are computer related actions that can sometimes be criminally illegal or harmful. These include software and internet crimes, virus introduction and unauthorized access to a variety…

    • 219 Words
    • 1 Pages
    Improved Essays
  • Superior Essays

    A theory that supports the actions of white collar crime is rational choice theory. “In rational choice theories, individuals are seen as motivated by the wants or goals that express their ‘preferences’”(Browning et. al, 2000). People in the everyday world are consumed by decisions daily from small things like deciding on dinner to major long term decisions such as last will and testimony. Based on the situation of the individual in particular decisions will vary.…

    • 1304 Words
    • 5 Pages
    Superior Essays
  • Great Essays

    As we have learned, white collar crime can be difficult to precisely define and a wide variety of definitions have been looked at in the process. While there is no consensus on one definition, there is agreement among criminologists on the following being indicative of white collar crime including the occurrence of which is in a legitimate context, motivation that is derived from economic gain or occupational success, and a lack of direct, intentional violence (Friedrichs, pg 5). Trust and respectability are also very important terms in relation to white collar crimes that we do not see with conventional crime. An important sociologist, Edwin Sutherland pointed to the violation of trust as an important element of white collar crime and characterized…

    • 1582 Words
    • 7 Pages
    Great Essays
  • Decent Essays

    A white collar law could be a bribery of a computer company paying a store to sell more of their computers and less of the completer’s computers. An example of a common law crime could be if someone went into a bank and held up the bank until they were given a certain amount of money. 3.…

    • 400 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    In a narrative format of 750 or more words, discuss the following: Were the characteristics described in this unit consistent or inconsistent with your experience/perception of African American culture? Where do a majority of your perceptions about African Americans come from? What information are you still missing to make a more complete picture? As veteran law enforcement official with over twenty-nine (29) years of experience, it’s very apparent that I have solid view of the African American culture.…

    • 855 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Margolin Vs Novelty Now

    • 1389 Words
    • 6 Pages

    White-collar crime is “a variety of non-violent illegal act against society that most often occur in the business context.” (Kubasek, p.151) One of the white-collar crimes associated with Funny Face and Novelty Now is criminal fraud. Criminal fraud involves several ways in which an individual intentionally uses misrepresentation to gain an advantage over another. Fraud usually has “…the following three elements: (1) a material false representation made with intent to deceive (scienter), (2) a victim’s reasonable reliance on the false representation, and (3) damages.” (Kubasek, p.152) The three elements of fraud are clearly present in this…

    • 1389 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Privilege crimes also known as white collar deviance, are usually committed by people who hold high positions in their workplaces and have a respectable status in their communities. There are several different types of crimes that involves white-collar deviance; these two are occupationally related, embezzlement and inside traders. However, the criminal justice system does not punish these crimes the same as they would crimes committed by the underprivilege or blue-collar crimes, because of the privilege individuals social and economic status. Furthermore, the lackluster punishment or non-punishment of white-collar deviance encourages people to commit these crimes.…

    • 344 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    All fraudulent individuals have three aspects in common: the opportunity to commit a crime, the financial pressure to ignite thoughts to commit a crime, and the rationalization to make a crime seem less ethically incorrect than it really is to commit (Will et al). Barry Minkow, after gaining high power and praise in the market by reporters and Oprah Winfrey herself, had all three of these aspects allowing him to commit his fraudulent white collar crime worth more than $200 million on paper (Ciulla). When Minkow was 16, he started his own carpet cleaning business in his parents’ garage under the name of ZZZZ Best (Ciulla). People viewed Minkow as a prosperous young entrepreneur, but they didn’t know that his carpet cleaning business was all…

    • 637 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Perception When it comes to white-collar crimes, perception is not just everything, it’s the only thing that prevails. As long as we continue to associate white-collar crime with the images of guys in suits, we will continue to treat these individuals with respect rather than fear. Our criminal justice system does not seem to place much emphasis on what may be considered as non-violent victimless criminal activity. The truth of the matter is that these offenses are considered more as bad judgment calls on the part of the victim, by the victims as well as the public. This type of perception can lead to self-blame for one’s losses and can be a great influence on how the offense is treated by law enforcement.…

    • 908 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    Essay Outline White-collar crimes, although not discussed very often, are on rise. When one hears the word crime, they are inclined to think violence or an unethical abuse of some sort. However, people rarely take corporate crimes such as fraud, theft, forgery, or embezzlement into a higher regard, as they do not highly affect the common citizen personally. Studying these executive crimes is important to raise awareness of deceit within society, and to protect and prevent unethical practices from occurring. The latent impact of these white-collar crimes is the emotional trauma, blackmail, and loss of finances.…

    • 1228 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    In 1939, the term “white-collar crime” began to be associated with frauds committed by business and government professionals. The phrase was mentioned during a speech given by Edwin Sutherland to the American Sociological Society. Sutherland defined “white-collar” as “a crime committed by a person of respectability and high social stats in the course of his occupation” (White Collar Crime). However, white-collar crimes are described in various ways. The Justice Department characterize white-collar crimes as deceit, embezzlement, forgery, or a breach of trust that does not result in threatening into anything physical or violence (United States Justice Department).…

    • 1844 Words
    • 8 Pages
    Improved Essays
  • Superior Essays

    White Collar Crime is defined as a non violent crime which is committed by respectable individuals in the society. In general, an individual working in government associations such as banks or private sectors such as software companies carries out this type of crime. This is mostly committed by a person having high social status, such as doctors, engineers, and attorneys mainly for financial gain. Some of the White collar crimes include embezzlement, bribery, forgery, tax fraud, and infringement.…

    • 1877 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    While the three main techniques they use a lot are: the deception, the abuse of trust, and the concealment and conspiracy. A single white-collar crime may require more than one techniques. Moreover, Braithwaite and Geis proposed six basic propositions to distinguish the difference between the traditional crime and corporate crime (Braithwaite & Geis, 1982): 1. With most traditional crimes, the fact that an offense has occurred is readily apparent; with most corporate crimes, the effect is not readily apparent.…

    • 1120 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    1. What are the two types of white-collar crimes? The two types of white-collar crimes are occupational and corporate.…

    • 851 Words
    • 4 Pages
    Improved Essays

Related Topics