White-collar crime refers to a nonviolent crime that is financially motivated and committed by any business or government official to obtain profits for personal advantage. (Buell, 2014). White-collar crimes ranges from fraud, Ponzi schemes, forgery and insider trading, a substantial amount of all white collar crimes offender’s live by privilege and power (Evertsson, 2013). Although, numerous amounts of white-collar crimes and offenders are caught by law enforcement, a substantial amount of crimes tend to go unpunished because the perpetrators use sophisticated means to hide and cover their tracks. With the rise of white-collar crimes within many organizations, some companies have been tasking privatized security personnel to monitor and
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Privatized security agencies operate globally whether it’s protecting, enforcing or investigating malicious activities. (Policechiefmagazine.org, 2016). Privatized security firms have been around for generations, the earliest private security firm was created in 1850 by Allan Pinkerton who formed the Pinkerton national detective agency. As the years pass, privatized security firms are being relied on by many organizations to help and assist in eliminating internal criminal …show more content…
Madoff plead guilty to 11 federal felonies and admitted that his wealth management business was only a “Ponzi scheme” that defrauded thousands of investors. He was later convicted and sentenced to 150 years in prison, the maximum allowed (Buell, 2014). On the other hand, the case of business-woman and Chairwoman of MSLO Martha Stewart, who was accused of securities fraud was said to have been treated poorly and that she received much leniency from the courts. She avoided a loss of over 50 thousand dollars by selling all her shares after receiving non-public information from one of her acquaintance’s (Buell, 2014). Stewart was indicted on 9 federal felonies, found guilty and sentenced to 5 months incarceration and a two year period of supervised release. In conclusion, white-collar crimes have been on the uprising throughout the years, because these types of crimes are becoming to be an everyday issue certain federal agents have been tasked to investigate these financially motivated nonviolent
Privatized security agencies operate globally whether it’s protecting, enforcing or investigating malicious activities. (Policechiefmagazine.org, 2016). Privatized security firms have been around for generations, the earliest private security firm was created in 1850 by Allan Pinkerton who formed the Pinkerton national detective agency. As the years pass, privatized security firms are being relied on by many organizations to help and assist in eliminating internal criminal …show more content…
Madoff plead guilty to 11 federal felonies and admitted that his wealth management business was only a “Ponzi scheme” that defrauded thousands of investors. He was later convicted and sentenced to 150 years in prison, the maximum allowed (Buell, 2014). On the other hand, the case of business-woman and Chairwoman of MSLO Martha Stewart, who was accused of securities fraud was said to have been treated poorly and that she received much leniency from the courts. She avoided a loss of over 50 thousand dollars by selling all her shares after receiving non-public information from one of her acquaintance’s (Buell, 2014). Stewart was indicted on 9 federal felonies, found guilty and sentenced to 5 months incarceration and a two year period of supervised release. In conclusion, white-collar crimes have been on the uprising throughout the years, because these types of crimes are becoming to be an everyday issue certain federal agents have been tasked to investigate these financially motivated nonviolent