Latest update 28.08.2019 Category: Criminal; Justice, Legal Issues, Censorship, Policy

Street Crime and White Collar Crime. essay

White Collar Crime vs. Street Crime Completely on studymode.com

...Is White Collar Crime an Inside Job?Simply put, the point that Charles Ferguson is trying to get across in his documentary, The Inside Job is that economics is exactly that, it’s an inside job; with many elite employees involved. Economics is a profession, and at the end of the day, it all comes down to power, and the money being brought home by those at the top. Throughout the documentary Ferguson does an excellent job revealing the not so behind the scenes action, that many just don’t pick up on, due to the fact that companies police themselves. The documentary explains how it effects everyone, even those that are not directly involved or related. Those who are responsible for the financial meltdown in 2008, and the housing bubble are revealed, and an explanation is given as to why they are still in charge of the companies whose actions affected millions of people not only in The United States, but all over the world. Several different types of white collar crimes were committed leading up to the financial crisis, and several different companies were engaging in the large scale criminal activity. Financial deregulation is one of the main topics discussed in the documentary, and how financial institutions were given more freedom; thus making more risky investments with their depositors money, and seeing no consequences when these investments fell through. The documentary brings...

White Collar Crime Completely on studymode.com

...& Goldberg, 2009)There was evidence of an increase in company theft during the economic downturns of 1987, 1991, and 2001. For example just after the savings and loans crisis in the 1990s arrests shot up by 52% and during the recession in the early 2000s criminal activity increased by 25%From this we can conclude that there is definitely a correlation between a recession and a rise in embezzlement. Impacts of embezzlementAccording to David O’ Friedrichs, a criminal justice professor at University of Scranton stated “white-collar crimes have further, reaching, deeper and more lasting impact than street crime.” Thefts by employees are of the most costly problems facing new and existing businesses. Experts have shown company theft has the potential to reach 240$ billion dollars which includes intellectual property stolen during that year. It isn’t a surprise that the cost of embezzlement is two to three times than that of street crimes. Also 30-50% of all businesses affected by embezzlement fail. Other potential effects include increase in taxes, lost investments, and increase in unemployment.Guarantee Building & Loan AssociationOn December 9th, 1930 Gilbert, the founder of Guarantee Building & Loan Association was found to have embezzled an estimated $8,000,000 which in today’s amount would be $100,000,000. Many local businesses and individuals were crushed by his...

White Collar Crime vs. Street Crime Completely on studymode.com

...Welcome to the age of white collar crime. A time when the words thieves and businessmen go hand in hand. White collar criminals don't get their hands dirty in their work. They use their heads to get what they want instead of using a little muscle. These criminals are just as dangerous as the rapists and murderers. In these times, even the most seemingly respectable people are suspected of white collar crimes. President Clinton and the first lady Hillary Clinton have been tangled up in the Whitewater and Travelgate business ventures. Although the two have not been formally charged with any wrongdoing, there is a committee currently investigating their dealings and charges are not out of the question for either of them. In Michael Isikoff's and Mark Hosenball's Newsweek article "Cracks in the Wall," they describe the Clintons' dealings with Whitewater and the possible consequences of them: "The Senate Whitewater committee is considering asking for perjury charges against Susan Thomas and Maggie Williams, Mrs. Clintons' chief of staff, in connection with her testimony about the removal of documents from Vince Foster's office" (Isikoff 29). This case goes to show that there presently a growing problem with our country, and it is called white collar crime. White collar crimes are very...

Samples Completely on essay.ws

Hence, it is possible to conclude that both street crime and white-collar crime have major consequences. Firstly, white-collar offences are understood ‘as equally serious as street crimes’ (Payne, 2012, p. 53) that have almost the same characteristics. However, their punishments are strongly different in many ways. By its nature, white-collar crime is a lot harder to detect because it takes many hours in order to build a case around it and they usually do not involve serious bodily harms or people’s deaths. In addition, they are ‘…difficult to prosecute because the perpetrators have access to sophisticated means to hide their activities and the wrongdoing can be hidden within legitimate economic activity’ (Berkeley, 2009, p. 201). Hence, they are referred to non-violent crimes motivated mainly by financial gain. If we are talking about the priorities, it is necessary to say that the law enforcements agencies are required to focus their particular attention on the violent crimes then, for instance, the property ones. The perfect examples of more violent crimes are street crimes that are understood as more visible. In this case, there are always the victims who have been seriously damaged or wounded. Hence, these crimes are given higher priority to prevent the offenders from committing the same crime again and again. As a result, the need to resolve street crimes and find the perpetrators is of great importance for law enforcement agencies.

Essay on White-Collar Crime Vs. Street Crime Completely on bartleby.com

White Collar Crime vs. Street Crime One problem that plagues our society is crime. Crime is all around us in our everyday lives. Daily we hear of murders, robberies, and rapes. These are categorized as "street crimes." For many people, such crimes are the only "tragic" crimes, the ones that are senseless and preventable. In Finsterbusch's book, Taking Sides, another variety of crime is exposed. This other form of crime is "white collar" crime. Both have victims, and the effects of both

White Collar Crime Essay Completely on bartleby.com

White Collar Crime vs. Street Crime One problem that plagues our society is crime. Crime is all around us in our everyday lives. Daily we hear of murders, robberies, and rapes. These are categorized as "street crimes." For many people, such crimes are the only "tragic" crimes, the ones that are senseless and preventable. In Finsterbusch's book, Taking Sides, another variety of crime is exposed. This other form of crime is "white collar" crime. Both have victims, and the effects of both

White Collar Crime vs. Street Crime Completely on studymode.com

...Is White Collar Crime an Inside Job?Simply put, the point that Charles Ferguson is trying to get across in his documentary, The Inside Job is that economics is exactly that, it’s an inside job; with many elite employees involved. Economics is a profession, and at the end of the day, it all comes down to power, and the money being brought home by those at the top. Throughout the documentary Ferguson does an excellent job revealing the not so behind the scenes action, that many just don’t pick up on, due to the fact that companies police themselves. The documentary explains how it effects everyone, even those that are not directly involved or related. Those who are responsible for the financial meltdown in 2008, and the housing bubble are revealed, and an explanation is given as to why they are still in charge of the companies whose actions affected millions of people not only in The United States, but all over the world. Several different types of white collar crimes were committed leading up to the financial crisis, and several different companies were engaging in the large scale criminal activity. Financial deregulation is one of the main topics discussed in the documentary, and how financial institutions were given more freedom; thus making more risky investments with their depositors money, and seeing no consequences when these investments fell through. The documentary brings...

Essay on Organised Crime and White Collar Crime Completely on shareyouressays.com

Illegal exploitation of employ­ees, mislabelling of goods, violation of weights and measures statutes, selling adulterated goods, evading corporate taxes, manipulation in stock exchanges, commercial bribery, bribery of public officials directly or indirectly to secure favourable contracts and legislations, misgrading of com­modities, tax frauds, illegal sale of alcohol and narcotics, performing illegal abortions, illegal ser­vices to criminals, infringements of patents, trademarks and copy rights and unfair labour practices.

White collar and corporate crime Essay Completely on cram.com

simple street crime, others homicide, yet many crimes that occur behind close door have business fraud or corporate negligence that can have more devastating results from their actions upon a community, a corporation, even stock holders nationwide. Some steal pennies, while others out right take everything. Corporate fraud, a white collar crime has been legally dissected and evaluated for years. The use of corporate guidelines and government regulations has always been embedded into corporate legalities…