Describe White Collar Crime And Discuss Its Causes
DESCRIBE white collar crime and DISCUSS its causes
The criminologist Edwin Sutherland coined the term white collar crime and defined it to mean those crimes that are committed by people considered respectable and important in society.Money is usually the biggest motivation, although some criminals have confessed to committing these offenses in pursuance of thrills, attention or as a way of demonstrating one's skills. this paper also explores the main theories explaining the MOTIVATORS of white collar crime.
The Causes of White Collar Crime
Word Count: 1992
The Causes of White Collar Crime
The criminologist Edwin Sutherland coined the term white collar crime and defined it to mean those crimes that are committed by people considered respectable and important in society (Croall 2001). These crimes are business related and performed by individuals in their professional capacities. White collar crime is mainly committed by people with considerable power and influence. Money is usually the biggest motivation, although some criminals have confessed to committing these offenses in pursuance of thrills, attention or as a way of demonstrating one’s skills. It is important to note that white collar crime encompasses various crimes in different fields such as the financial sector, environmental mismanagement, and even price fixing. Other forms of white collar crime include insider trading, identity theft and even hacking of information and communication systems.
In the recent past, white collar crime has assumed greater attention in the media. Modern examples of white collar crime include the scandals that plagued companies such as Enron, Exxon Mobil and recently, the Bernie Madoff scandal involving the operation of a Ponzi scheme by a securities trader. The case of Bernie Madoff's Ponzi scheme will be used to demonstrate and support the arguments made in this essay. The importance of studying the causes of white-collar crime reveals itself in the economic, financial, political and social cost to society. According to the FBI, whereas white collar crime contributes less than 5 percent to the total number of crime in the United States, its ramifications and cost are tremendous. For this reason, the study of white-collar crime becomes an important task to society. Personality, environmental factors, and opportunity are some of the commonest causes of white collar crime (Croall 2001). Other causes of white-collar crime include competition in business and a relaxed regulatory environment.
The non-violent nature of white collar crime is one of the reasons we approach the topic with notoriety. Violent crime has an immediate impact on society regarding visible injuries and harm to society. White collar crime, being non-violent, tends to be treated as less harmful to society. However, this is not particularly true, considering that it has the biggest cost implications to society. These crimes are more prevalent in acquisitive societies as well as those that are affluent. Thus, the level of white collar crime in America would typically be higher than the level in Somalia or Myanmar. However, this does not mean less affluent societies do not commit white collar crimes. Instances of white collar crime in modern society include the tax fraud, embezzlement of money and resources of transnational organizations by the top leadership, and the corruption of government/regulatory officials. The causes o...
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