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). White-collar crimes may seem harmless, but can take toll on families, investors,
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For a white-collar offense, it could have taken the criminal to hack into networks of large companies to retrieve account numbers, social security numbers, and more to result in credit card fraud and/or identity theft. A blue-collar crime may result in robbing a bank or grand theft auto. As you compare the two crimes, one is more sophisticated in finding out the criminal and the white-collar criminal is more capable of eliminate evidence. However, crimes involving violence are known to having longer prison sentences (White Collar or Blue). White-collar crimes are more sympathetic and are viewed as less severe, while blue-collar is categorized as being high risk and having a low reward (White Collar or …show more content…
White-collar crimes are embodied in different types of crime, which could be debatable. When the government measures the crime it is based on the type of white-collar crime, which can be unsuccessful. According to the FBI, an estimate of $300 billion is spend annually on white-collar crimes (Staff). However, it is estimated that annually there is a $10-100 billion loss in health care fraud (Helmkamp, Townsend, Sundra). The health care fraud includes Medicaid, Medicare, unnecessary surgery, patient abuse, etc. With the cost of white-collar crime is large, it emphasizes the need of why white-collar crime data need to be thoroughly collected. It is also clear that white-collar crimes are costing the United States more than blue-collar crimes. The financial support by the federal government to study white-collar crimes are minimal compared to the support given for blue-collar crimes (Helmkamp, Townsend,
For a white-collar offense, it could have taken the criminal to hack into networks of large companies to retrieve account numbers, social security numbers, and more to result in credit card fraud and/or identity theft. A blue-collar crime may result in robbing a bank or grand theft auto. As you compare the two crimes, one is more sophisticated in finding out the criminal and the white-collar criminal is more capable of eliminate evidence. However, crimes involving violence are known to having longer prison sentences (White Collar or Blue). White-collar crimes are more sympathetic and are viewed as less severe, while blue-collar is categorized as being high risk and having a low reward (White Collar or …show more content…
White-collar crimes are embodied in different types of crime, which could be debatable. When the government measures the crime it is based on the type of white-collar crime, which can be unsuccessful. According to the FBI, an estimate of $300 billion is spend annually on white-collar crimes (Staff). However, it is estimated that annually there is a $10-100 billion loss in health care fraud (Helmkamp, Townsend, Sundra). The health care fraud includes Medicaid, Medicare, unnecessary surgery, patient abuse, etc. With the cost of white-collar crime is large, it emphasizes the need of why white-collar crime data need to be thoroughly collected. It is also clear that white-collar crimes are costing the United States more than blue-collar crimes. The financial support by the federal government to study white-collar crimes are minimal compared to the support given for blue-collar crimes (Helmkamp, Townsend,