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. This is very critical, as some of the victims of this crime end up loosing their life savings and their confidence in humanity. There …show more content…
It is intriguing to see that it took years and years for the investors to come to a realization of their funds being illicitly used. This case raises controversial questions against the supposed lenient Canadian laws surrounding white-collar and corporate crime. Moreover, proceeding highlights the ways in which people are Ponzi schemed and allows citizens to clearly see the possible existing frauds out there. Analyzing this case will allow a better understanding of the causes and the ways to prevention of white-collar crime in relation to my research topic …show more content…
The authors first describe why Sutherland’s proposed definition of corporate crime is flawed, as it does not withstand the evolution of white-collar crime in terms of how creative it has grown. The definition of criminality shifted away from focusing on defining crime, and instead sheds light on the perpetrator as an individual (Brody and Kent, 2010). They first analyze the evolution of the corporate criminal, the notion of violence in relation and lastly the concept of it essentially being a “red-collar” crime. They attempt to prove that a white-collar criminal need not be a well established person; credit card fraud, identity theft and forgery are just a few examples. To authenticate their argument, they use various cases of corporate crime that include red-collar crime characteristics like aggression, vengeance and violence to further support Sutherland’s broad definition. Evidently this source is reliable to my research as it presents not only a clear definition of white-collar crime that is subject to become a red-collar, but thought provoking questions regarding the criminals mental/personality traits which are essential to the studying the reasons behind such
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. This is very critical, as some of the victims of this crime end up loosing their life savings and their confidence in humanity. There …show more content…
It is intriguing to see that it took years and years for the investors to come to a realization of their funds being illicitly used. This case raises controversial questions against the supposed lenient Canadian laws surrounding white-collar and corporate crime. Moreover, proceeding highlights the ways in which people are Ponzi schemed and allows citizens to clearly see the possible existing frauds out there. Analyzing this case will allow a better understanding of the causes and the ways to prevention of white-collar crime in relation to my research topic …show more content…
The authors first describe why Sutherland’s proposed definition of corporate crime is flawed, as it does not withstand the evolution of white-collar crime in terms of how creative it has grown. The definition of criminality shifted away from focusing on defining crime, and instead sheds light on the perpetrator as an individual (Brody and Kent, 2010). They first analyze the evolution of the corporate criminal, the notion of violence in relation and lastly the concept of it essentially being a “red-collar” crime. They attempt to prove that a white-collar criminal need not be a well established person; credit card fraud, identity theft and forgery are just a few examples. To authenticate their argument, they use various cases of corporate crime that include red-collar crime characteristics like aggression, vengeance and violence to further support Sutherland’s broad definition. Evidently this source is reliable to my research as it presents not only a clear definition of white-collar crime that is subject to become a red-collar, but thought provoking questions regarding the criminals mental/personality traits which are essential to the studying the reasons behind such