Research On Your Selected Topic: White-Collar Crime (Essay Sample)

White-Collar Crime
Name
Institution
White-Collar Crime: Occupational and Corporate
Introduction
White-Collar Crime is an economic crime that is committed by people in their occupations or by corporate to advance particular interests that are selfish in nature. For instance, an organization will falsify their financial records to avoid paying dividends and underpay their tax obligations, bribe tender officials to be awarded tenders or manufacture harmful or defective products to have more profit margins. Again, senior employees and managers may create fake accounts of workers and pay themselves through those accounts; in this respect, they commit an occupational crime.
Reasons for researching this topic and the problems and challenges that exist
White-Collar Crime is a subject that needs to be investigated to establish the role of corporations and workers in perpetrating crime. Occupational White-Collar-Crimes are crimes committed by individuals against the organization or to other individuals inside or outside the workplace. Corporate White-Collar-Crimes are crimes committed by the officials of the institution with the aim of benefiting the company. In some instances, an individual uses the name of an organization to buy their way out of a crime, or acquire resources to become wealthy.
The other reason why it is necessary to research this topic is that there is need to establish a systematic way of prosecuting such crimes. Apparently, as compared to other economic offenses, the Prosecution of White-Collar Crime is not deterrent enough on the perpetrators. According to Clinard and Yeager, (2006), White-Collar Crime attracts weak fines and light sentences that cannot deter the culprits and other people from engaging in the same crime.
White-Collar Crimes keep mutating and as the world advances it is very paramount that there is a benchmark relating to the administration of justice of White-Collar Crimes. The security of future investments relies on the steps that the legal process takes to weed out White-Collar Crimes. There are instances where corporate leaders commit the organization to make fictitious losses and the same is passed to the investors and shareholders. Some leaders have gone as far as orchestrating the collapse of companies they lead and that leave the investors frustrated. This situation makes it necessary to find a way to hold a corporate of an occupation responsible for their actions whether directly or indirectly. The law should be long enough to reach out to every zone where economic crimes against innocent people are likely to be committed.
The biggest challenge in handling White-Collar Crimes is the complex nature of information in question. For example, some of the accounting documents are many to be summarized into an illegality that has been committed, and this renders the legal institutions helpless in fighting the vice. In the latest, the internet and cyber fraud, there are some instances aided by an insider from an organization, and that makes it difficult to use the organization’s staff to lead an investigation (Strader, & Jordan, 2015). In addition to that, the nature of such crimes involves foreign criminals who have sophisticated knowledge than the law enforcers or other investigating bodies. With such limitations halting investigations and establishment of facts, the jury is forced to dismiss the case on lack of true evidence.
There are also infrastructural challenges that face law enforcing institutions and that include the inability to conduct because they are short in budget. Investigation of White-Collar crimes is treated among the most labor-intensive activities, and that becomes one primary limitation to the institutions tasked with investigations. Since the matters at stake are high, the perpetrators pay a lot of money to procure services to have their traces cleared by offshore information technology specialists (Said, Crowther, & Amran, 2014).
Intended outcome of the research
The expected results of the research are exploring the means that can be used to tame White-Collar-Crimes in occupational and corporate levels. When leaders or individuals in an organization orchestrate an illegality that taints the image and the public confidence of the organization, it loses the trust it enjoys as an investment vehicle. The same case applies to any institution that is meant to fight for the rights of its members. The other outcome sought through this research is whether the ungovernable spaces that are exploited by organizations and individuals are synonymous. If in more than one case of fraud committed by a firm to its shareholders, there is a common ground of bylaws being undefined, the government will step in and take over management of the company until terms are explicitly defined. The role of the government in over sighting the financial health and operations organizations that are financed by shareholders will also come out. The role of the government should not just...