White Collar Crimes
Buckner, Derrick
Central Texas College
BUSG 2305
Dr. Bob Stephens

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. Like every other person in this world, when we hear the word crime; we automatically get an image of a person from a low class in a bad neighborhood and coming from a troubled family. However, who knew that those who are educated and coming from a wealthy family can also pertain to the world of crime and mischief. We as human beings tend to also be judgmental, assuming that only unprivileged men have a drive to commit an offense against the law then a prosperous individual. Nevertheless, it is not our evil doing that we are regularly pushed to foresee this problem this way, especially not when it is the media, the government, and the media are the ones who painting this picture for us.
In this universe we are surrounded by none ending crime, crime is broking down into two sections that have categories of their own those are street crime and white collar crime. An in my Research I will speak about the Business Crime which has been Giving the Name White Collar Crime& How Businesses are vulnerable to a variety of internal and external crime that affects an organization’s performance. White-collar crime is a problem affecting businesses in the U.S. and around the world, costing billions of dollars in lost revenue every year. This paper will identify the types of employee crimes focusing on theft and the perpetrators; examine the impact to businesses and explore how business can deal with these offenses.

Merriam-Webster defines crime as “an act or the commission of an act that is forbidden or the omission of a duty that is commanded by a public law and that makes the offender liable to punishment by that law”. There are many types of crime but the two this paper will focus on are street crime and white- collar crime. There is no definitive definition of street crime, but it is generally thought of as crime that occurs in public such as theft, robbery, car theft, arson, drug dealing, and vandalism. The term “white-collar crime” was first coined by Edwin Sutherland in 1939 in reference to crimes perpetrated by people in higher status occupations in relation to their professions. According to the Federal Bureau of Investigation Website ,White-collar crime is basically lying, cheating, and stealing and encompasses frauds and scams committed by professionals in business and government.

White-collar crimes have long-term impacts because it can take years to recoup losses, if ever, and they harm the psyche and cause mistrust and skepticism, which when all is said and done aren’t bad to have in small doses. White collar crime are one of the most costly crimes. It is a billion dollar criminal industry. White collar criminals seem to continue to engage in the criminal practices because there is no set standard in the penalties given to those that are caught. A look into the public’s perception on whether the penalties given is harsh enough for white collar criminals since most types of crimes have a set of standard penalties for those convicted. A standard set of penalties needs to be looked at for white collar crimes to help in eliminating the criminal behavior and saving society billions of dollars a year.
The reality that there are criminal who has assessed too many people retirement and investment is a shocking and alarming to the non-professional investor. When someone is in a legitimate occupation and committing, an illegal act is a white-collar crime. “To be more concise white - collar crime is define as any illegal act, punishable by a criminal sanction, that is committed in the courses of a legitimate occupation or pursuit by a corporation or by an otherwise respectable individual of high social standing.
. White collar and corporate crimes are crimes that many people do not associate with criminal activity. Yet the cost to the country due to corporate and white collar crime far exceeds that of “street” crime and benefit fraud. White collar and corporate crimes refer to crimes that take place within a business or institution and include everything from Tax fraud to health and safety breaches. Corporate crime is extremely difficult to detect for many reasons. One major reason is that many people do not realize a crime is being committed as corporate crime is often seen as a victimless crime. At face value this may seem to be the case but if you look deeper you will see that this is not true. Every year the FBI estimates that 19,000 Americans are murdered every year compared with the 56,000 Americans who die every year from occupational disease such as black lung and asbestosis .Deaths Caused by corporate crime are also very indirect so it can be very difficult to trace the problem to the corporation. Another reason it can be difficult to detect corporate crime is that directors within a corporation are unlikely to report the criminal activity of their colleges for the fear that it will hinder their own career success and could even lead to them losing their jobs. Within a company illegal practices could be seen by many as the “in thing” and the people work. “Nonetheless, many white-collar criminals go unpunished. A CEO working for a multibillion franchise may steal money because the company might close down. In desperate times some people engage in desperate unethical behaviors in order to meet societal expectations. Some people symbolize experiences or environments with their own view of how society operates. An African American who gets pulled over constantly because he fits the drug dealer or gang member profile is influenced by society’s social norms. He may become angry or spiteful and decided if he is labeled without choice then he has to fulfill the label’s responsibilities. The values and belief’s perceived from infancy through adulthood experiences and influences determine personal decisions. Elliott writes, “Admittedly, white-collar criminality is a multifaceted problem. Culture, society, motivation, the organization, and the individual are all factors of influence” Someone’s personality may trigger them to gamble or trick people out of money. Certain behaviors some people decide to act out symbolize the results of peer pressure, poverty, and influences from social environments. However, deciding to commit a white-collar crime is an individual’s personal choice. Society is judgmental and sometimes stereotypical by labeling certain people as criminals because they fit their view of criminal profiles. Once someone is labeled they symbolize their life experiences with their view of society norms or standards. Personal beliefs and values symbolize the meanings and behaviors someone possesses.
References

http://www.all-about-forensic-science.com/support-files/white-collar-crime-

Sentences for white-collar criminals: Too harsh or too lenient. (2012, June 8). Retrieved fromhttp://www.forbes.com/sites/investopedia/2012/06/08/sentences-for-white-collar-criminals

Webster- White Collar Crimes
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