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White Collar Crimes and Price Fixing

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White Collar Crime: Embezzlement and Price Fixing
Dr. Stokes
White Collar Crime Fall 2012
November 19th 2012

This paper will discuss White Collar crime and the crime of price fixing, antitrust, and embezzlement. There are many different types of white collar crime. White Collar crime is a crime that is not too often viewed as harmful. A White Collar crime is an illegal act committed for monetary gain. The Federal Bureau of Investigation has opted to approach white-collar crime in terms of the offense. The Bureau has defined white-collar crime as “. . . those illegal acts which are characterized by deceit, concealment, or violation of trust and which are not dependent upon the application or threat of physical force or violence. Individuals and organizations commit these acts to obtain money, property, or services; to avoid the payment or loss of money or services; or to secure personal or business advantage.” (USDOJ, 1989, p. 3.)
According to the F.B.I. White Collar crime is not a victimless crime. A single scam can destroy a company, devastate families by wiping out their life savings, or cost investors billions of dollars (or even all three, as in the Enron case). Today’s fraud schemes are more sophisticated than ever. Edwin Sutherland coined the term White Collar crime. In 1939 Sutherland coined White Collar as "a crime committed by a person of respectability and high social status in the course of his occupation".
People that commit White Collar crime are ordinary people who got into financial difficulty and believe that illegal and fraudulent actions will help them out. A familiar characteristic of people who commit white collar crimes are business people. Business people can be anyone from a banker to a CEO of a company. The working class is normally the ones who commit white collar crimes. Many white collar criminals are wealthy and they still feel

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