Extent of white-collar crime in the United States
One of the biggest problems in understanding the extent of white-collar crime is access to data. Gathering data can be very difficult to do, as there are so many different types of white-collar crimes. Estimates of the cost also vary greatly depending on which crimes are included in the list. These crimes are also increasing when compared to street crime. (Desilets, 2014)
The skills required to commit these crimes are becoming more common. This is because of higher levels of education and widespread increases in literacy rates and computer literacy. Opportunity to commit these crimes are also increasing, 61% of the workforce now has the potential ability to commit this type of crime. Fraudulent …show more content…
The old-fashioned idea of being mugged in an alley and robbed seems almost preferable to maybe waking up one day only to realize that every dime you have spent your entire life saving could completely gone in an instant. Most assault victims will eventually heal from their wounds but how do manage to heal from being taken advantage of, often by someone you trusted to look out for you. These dastardly characters are really the worst kind of people, they smile in your face while sticking their hands in your wallet. Strangely these people are mostly untouchable from prosecution having used vast amounts of others money and the power that comes with it to influence politics and change laws to protect themselves. After the housing market crash in 2008 the banks that caused all the problems in the first place, were the first ones with their hands out looking for bailout money. Certainly you would think that would be enough for Wall Street but you couldn’t be anymore wrong. While millions lost their homes in subprime mortgages, which they were talked into by many bankers and mortgage brokers. These miscreant thieves then decided it was a good time for them to get bonuses for all the hard work they did destroying the American economy. After the dust had settled and we were forced into the great recession the people who had gotten us into this mess walked away unscathed, no charges, and …show more content…
However if everyone agrees and no one is hurt or put out then what is the issue. Prostitution is one such idea that is up for debate on whether or not it is a victimless crime. Women and girls subject to human trafficking would most likely disagree with such a premise. Drug use is also considered by many to be a victimless crime, and sure many studies say that recreational drug use for many is not a problem. Children of drug abusers are usually the true victims in this story, mostly being left alone to fend for themselves. You can easily speculate that this would be a gateway into crime, if you are comfortable breaking some laws you can just as easily break more. This is the slippery slope theory at its
One of the biggest problems in understanding the extent of white-collar crime is access to data. Gathering data can be very difficult to do, as there are so many different types of white-collar crimes. Estimates of the cost also vary greatly depending on which crimes are included in the list. These crimes are also increasing when compared to street crime. (Desilets, 2014)
The skills required to commit these crimes are becoming more common. This is because of higher levels of education and widespread increases in literacy rates and computer literacy. Opportunity to commit these crimes are also increasing, 61% of the workforce now has the potential ability to commit this type of crime. Fraudulent …show more content…
The old-fashioned idea of being mugged in an alley and robbed seems almost preferable to maybe waking up one day only to realize that every dime you have spent your entire life saving could completely gone in an instant. Most assault victims will eventually heal from their wounds but how do manage to heal from being taken advantage of, often by someone you trusted to look out for you. These dastardly characters are really the worst kind of people, they smile in your face while sticking their hands in your wallet. Strangely these people are mostly untouchable from prosecution having used vast amounts of others money and the power that comes with it to influence politics and change laws to protect themselves. After the housing market crash in 2008 the banks that caused all the problems in the first place, were the first ones with their hands out looking for bailout money. Certainly you would think that would be enough for Wall Street but you couldn’t be anymore wrong. While millions lost their homes in subprime mortgages, which they were talked into by many bankers and mortgage brokers. These miscreant thieves then decided it was a good time for them to get bonuses for all the hard work they did destroying the American economy. After the dust had settled and we were forced into the great recession the people who had gotten us into this mess walked away unscathed, no charges, and …show more content…
However if everyone agrees and no one is hurt or put out then what is the issue. Prostitution is one such idea that is up for debate on whether or not it is a victimless crime. Women and girls subject to human trafficking would most likely disagree with such a premise. Drug use is also considered by many to be a victimless crime, and sure many studies say that recreational drug use for many is not a problem. Children of drug abusers are usually the true victims in this story, mostly being left alone to fend for themselves. You can easily speculate that this would be a gateway into crime, if you are comfortable breaking some laws you can just as easily break more. This is the slippery slope theory at its