Most everyone goes home after a long day of work and watches the news. Think, what is usually reported? The weather, local activities, headline news, or daily criminal activity. Shootings, stabbings, homicides, etc. are all discussed by media anchors these days. This causes most everyone in our society to become familiar with crimes that are considered street crimes. What most people don’t hear about on the news is what is considered white-collar crime, sometimes known as corporate crime. White-collar crime not only is less reported in the media but also receives weaker punishments than street crime. This paper will first discuss the similarities between the two types of crime and then explain why their punishments are strongly …show more content…
Organizational crime is criminal actions taken by large groups such as companies, businesses, or organizations. White-collar criminals are responsible for more deaths per year than all murderers combined (Barkan, 2012). Overall, white-collar criminals are less easily detected by law enforcement than street criminals. There are, in fact, similarities between street crime and white-collar crime. Both commit criminal acts (usually in this case it involves stealing or some type of fraud) and they both commit these acts of violence when the opportunity presents itself (Barkan, 2012). But it is the differences that make these two types of crime so distinct.
The following case is one of the most famous white-collar crime cases known to date. Enron Corporation was an American energy company based out of Houston, Texas. Kenneth Lay formed Enron in 1985 after a huge merger. Over time Enron’s Chief Financial Officer (CFO) and other corporate executives misled auditors and the board of directors in major financial transactions. Thus, $11 million dollars was lost by shareholders after Enron’s stocks dramatically fell in the end of 2001. Enron was then bankrupt. In this case, many Enron executives were sentenced to prison, a rare punishment for white-collar crime. As a result of this incident, the Sarbanes- Oxley Act was enacted. This act ensured that there would be
Criminals walk amongst us everyday. When people hear the word criminal, “murderer”, “robber”, and “arsonist”, are what most people think of. No one thinks about the CEO of a billion dollar company, the everyday pharmacist, or even a trusted personal financial advisor. This is due to the “respectability” and “high social status” these occupations hold (Temchenko, 2016). Of the many crimes committed every year, white collar crimes are one of the most highest crimes committed because they are overlooked. On July 28, 2016 , 14-year-old Bresha Meadows, who had no prior record of violence, was arrested and potentially up for a life sentence in prison for saving her family from more domestic abuse by shooting her father (Jeltsen, 2016) . In 2003 the former chairman and chief executive of MCSi Michael E. Peppel, who pleaded guilty to conspiracy, money laundering and filing false documents with the Securities and Exchange Commission was only sentenced to spend seven days in prison because Peppel was a “remarkably good man”. The charges against Peppel carry a minimum 8 year sentence (Henning, 2013). Sentencing disparities between white collar crime versus street crime is a crime within itself and some form of justice needs to be served.
White Collar crime is not a crime unto it self, but instead a criteria that has to be met in order for a crime to be considered as White- Collar Crime; (Blount, 2002) hence the reason why Corporate Crime is also considered as White- Collar Crime. At the same time, White Collar Crime and Corporate Crime can be seen as distinct criminological categories, however, in order to reveal this, this essay will firstly be exploring Sutherland's definition of white collar crime and the perplexity with this definition of white-collar crime. It will then be looking at the modification which had to take place with Sutherland's definition of white-collar crime in order to established a distinction between white-collar and corporate crime.
This essay discusses Sutherland’s concept of white collar crime in the light of whether it is still appropriate in the 21st century. It is worth noting that white collar crime is often perceived as a less serious crime in the society. This is based on several reasons including the fact that the crime receives less media coverage. This incomprehensive media coverage of white collar crime may be attributed to the complex nature of the crime, which makes many incidences go unreported. In other words, it is often difficult to pin point one person as the perpetrator of the crime as it would happen with the case of robbery, knife crime, or drug trafficking. However, white crime remains a serious crime and one that can have serious negative
In our society there is many different types of crimes, I will be focusing specifically on street crime and white-collared crime. Each of these criminal communities has criminals that in the end are just trying to reach a goal. Whether it is the American dream of living in luxury or just trying to make ends meet. “White collared” crime is defined as a nonviolent criminal act that is motivated by financial gain. Then there is “street crime” which is defined as a criminal offense that is committed in a public place. Some examples of white-collar crimes are: embezzlement, corporate price-fixing, fraud, bribery, forgery, money laundering, cybercrime, copyright infringement, etc. While some examples of street crime are: robbing, murder, rape, sale of illegal drugs, assault, auto theft, etc.
White-collar crimes are just as prevalent today as ordinary street crimes. Studies show that criminal acts committed by white-collar criminals continue to increase due to unforeseen opportunities presented in the corporate world, but these crimes are often overlooked or minimally publicized in reference to criminal acts on the street. Many street crimes are viewed as unnecessary, horrendous crimes because they are committed by lower class citizens, whereas white collar crimes are illegal acts committed by seemingly respectable people whose occupational roles are considered successful and often admired by many (Piquero, 2014). These views often allow white collar crimes to “slip through the cracks” and carry lesser charges or punishment.
Most people, when they hear the word “crime,” think about street crime or violent crime such as murder, rape, theft, or drugs. However, there is another type of crime that has cost people their life savings, investors’ billions of dollars, and has had significant impacts of multiple lives; it is called white collar crime. The Federal Bureau of Investigation defines white collar crime as
The case of white-collar crime I chose to educate myself on was the Enron scandal. The Enron corporation was an energy and services company in Houston, Texas. In just fifteen years, Enron became the seventh largest company in the world. They were one of the worlds largest electricity and natural gas companies. According to CNN, in 2000, the company claimed to have made around 111 billion dollars in revenue. During that time, a single share was going for $90.75.
One of the key critical issues that should be researched in 21st century criminology is corporate and white collar crime. "White-collar crime is a very broad concept that speaks generally to illegal behaviour that takes advantage of positions of professional authority and power - or simply the opportunity structures available within business - for personal or corporate gain."(Kempa, 2010:252). White-collar crime can be any form of fraud, embezzlement, trading for personal gain, trying to increase stock prices by exaggerating profits or misleading products conducted by business professionals. Unlike the more common crimes such as drug related offences, assault and possession theft white-collar crime
Corporate crime is considered a form of white-collar crime that is committed by persons of respectability and high social status, white collars crimes are believed to be committed by business people. Some people believe that this is a crime that is committed by the very rich, people that are of high social status corporate crime are by far the worst, because corporate crimes are considered white collars crimes, and what is believed is that white collars crimes are committed by business people (Cavender & Cullen (2006). These crimes can be infractions such as crimes by politicians; crimes by professionals, like accountants, physicians, and attorneys; cheating on taxes; corporation theft or embezzlement; and crimes committed by corporate organizations themselves (Cavender & Cullen, 2006). They are deemed the greatest threat to civil society corporations, because they have a much greater ability to do severe harm, their actions do damage to society as a whole.
There are many theories and sub-theories on why white-collar crime occurs, just as there are many theories and sub-theories on why street crime occurs. However, as with any theory dealing with sociology, there are faults as human nature is hard to define generally.
Rebecca, I agree in your statement that the media and public focus less on white collar crime and more on street crime because it is more horrific.
White-Collar Crime consists of occupational crime and corporate crime. Occupational crime refers to offences committed against legitimate institutions businesses or government by those with "respectable" social status. It includes the embezzlement of corporate funds, tax evasion, computer crime and expense-account fraud. It is not every day that we hear about white-collar crimes but these non-violent crimes are on the rise to the top. Federal Bureau of Investigation states that USA, for example recorded white collar crimes amounting $300 billion every year (Cornell University, 2010). White-collar crime is relatively a new idea. It has many aspects that are practical for study and further interpretation to clear some of its dark areas. White-Collar Crime was once introduced by Edwin Sutherland in 1939 during his speech in American Sociological Society. The following crimes actually performed are Bribery, Extortion, Insurance, Fraud, Embezzlement, Cybercrime etc. People who participate in these criminal activities are highly powerful and respectful among the society. The following activities include description about White-collar Crime, Investigation of White Collar Crime and The Consequences of committing a White-collar Crime.
From the standpoint of the criminal, the ideal white- collar crime is one that will never be recognized or detected as a criminal act. (Radzinowicz 325-335) Corporate Crime Corporate crime is the type of crime that is engaged in by individuals and groups of individuals who become involved in criminal conspiracies designed to improve the market share or profitability of their corporations. ( Siegel 338) Corporations are legal entities, which can be and are subjected to criminal processes. There is today little restriction on the range of crimes for which corporations may be held responsible, though a corporation cannot be imprisoned. The most controversial issue in regard to the study of corporate crime revolves around the question of whether corporate crime is "really crime." Corporate officials, politicians, and many criminologists object to the criminological study of corporate criminality on the strictest sense of the word. The conventional and strictly legal definition of crime is that it is an act, which violates the criminal law and is thereby punishable by a criminal court. From this perspective a criminal is one who has been convicted in a criminal court. Given these widely accepted notions of crime and criminals, it is argued that what is called corporate crime is not really
unacceptable for murder to be committed by means of a gun, knife, or weapon. As
White Collar Crime by Edwin Sutherland, published in 1949, is a study in the theory of criminal behaviour. Sutherland states that this book is an attempt to reform the theory of criminal behaviour only, not to reform anything else. And although it may include implications for social reforms, this is not the objective of the book. Sutherland define white collar crime as ‘a crime committed by a person of respectability and high social status in the course of his occupation’ (pp. 9). He adds that it excludes many crimes of the upper class, such as murder, intoxication, and adultery, because these are not usually part of their occupational procedures. He goes on to describe white collar crime as being similar to juvenile delinquency in the sense of the stigma generated from each crime. In both of these crimes the procedures of criminal law are altered so as not to attach stigma to the offenders. Finally, Sutherland writes that crimes are committed across all social classes, not just people in lower classes or living in poverty, contrary to popular belief at the time of publication.