• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

'White-collar crime never hurt anybody'. Discuss

Extracts from this document...

Introduction

Assignment 2 - 'White-collar crime never hurt anybody'. Discuss We have entered 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. But are these criminals are just as dangerous as the rapists and murderers? White-collar crime is the category of crime that tends to be committed by professionals, people who know how to bend the rules within the system and take what doesn't belong to them, without getting caught. Securities Fraud, Insider Trading, Bank Fraud, Tax Fraud, and Money Laundering are all examples of white-collar crime. The more common White Collar crime includes: Bank Fraud: Defrauding banks of their money, Cellular Phone Fraud: The unauthorized use, tampering, or manipulation of a cellular phone or service. Computer fraud: Where computer hackers steal information sources contained on computers such as: bank information, credit cards, and personal information.(Levi 2001) There are some more types of this crime such as; Counterfeiting, this is when someone copies or imitates an item without having been authorized to do so and passes the copy off for the genuine or original item. Counterfeiting is often associated with money however can also be associated with designer clothing, handbags, watches etc. ...read more.

Middle

Often, this type of fraud results in victims losing their life savings, leaving them financially and emotionally devastated. The victim of an assault will recover, however, the impact of a fraud can last a lifetime. This is especially true when the elderly are victimized, as they have little or no hope of re-establishing themselves in financial terms. The elderly have been a particularly vulnerable group to white-collar crimes because of their trusting nature. Such things as food poisoning have been issues, where seriously out of date food is sold and the sale of low quality goods and in some cases extremely dangerous home appliances. Pension fraud is the other category of this crime, businessmen may approach older couples with talk of great investment opportunities, which would double their money, only to pocket the money and vanish. Victimisation can also be gendered as suggested in (Croall, 2001), for example: Women are constantly looking to improve the way they look, it is because of this that fraudsters take advantage of women's weakness. Some women were sold items like contraceptive pills, beauty applications and make-up, other things like perfumes which are easily faked and sold by the ton to unsuspecting buyers, dietary supplements is another item with a high health risk. ...read more.

Conclusion

On the other hand monster businesses with very deep pockets suffer minor losses from time to time, whether to do with lawful or unlawful activities, yet they are able to completely make a recovery without any personal injury towards the company. In this sense white collar crime is victimless, whether it is moral is another question. The overall cost of most corporate and white collar crimes are very high usually, this mean business' will make an attempt to hold them selves together and find a way of making back any money lost. There are various ways companies tackle this, some raise prices on their retail goods or they might apply budget cuts and possibly wage cuts. These factors along with many others is what is eroding the publics confidence In big companies. People entrust themselves to one company which they are loyal to but situations like these can devastate the company's image and once this happens it takes a long time to build up the trust and confidence of clientele. It is hard to look at news and not feel angry when you hear of a top official in a company who has been embezzling money for years then gets away with it. It makes everyday normal people think they can get away with it, only when society comes together to try and make a difference and put a stop to it will there be a change. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Crime & Deviance section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Crime & Deviance essays

  1. Critically discuss the practical and ethical difficulties involved when researching White Collar Crime. Give ...

    The new up and coming query surrounding the definition of crime caused the validity and reliability of official statistics to be questioned. Croall (1997) argues that as the official statistics previous to this enlightenment of a newly recognised form of crime had came about that altered the definition of crime

  2. Criminology - "Corporate and white-collar crimes are less serious than other kinds of crime, ...

    Such offences include muggings, robbery, and any form of bodily harm. Violent crimes have a negative impact of the victim - usually leaving them in physical pain, and with a general fear of crime. However, in most cases, their pain will heal with time, and they will be able to get back to living their lives.

  1. Does the media heighten fear of crime?

    that the same survey found a drop in overall recorded crime rates. (BBC News Channel, 2003). Williams and Dickinson (1993) conducted an extensive multivariate analysis and concluded that a significant relationship appeared between fear of crime and reading newspapers with a focus on violent crime.

  2. How far does Becker's account (The Outsiders 1963) of the processes underlying the selective ...

    Becker sees one aspect of deviance and labels it "secret deviance"; this is when someone is breaking a rule, but is not perceived by anyone else to be doing so and therefore, not being perceived as a deviant. Examples include the use of narcotics, driving in excess of the speed limit, using illicit pornography and so on.

  1. 'Crime is both deterred and prevented by the use of imprisonment.' Discuss

    With the massive increase in incapitation, the crime rates should be lower than ever, but this is not so as the prison population rises so does the crime rates. If prison is used as a deterrent to deter potential criminals why is there so much re-offending?

  2. "Deviance is normal" - In what sense is this true?

    "Crime" has therefore been described as "any mode of behavior which breaks a law". Giddens pg121. Thus suggesting crime equals a form of deviant behavour and it is the rich and powerful who decided what is considered as deviant and what deviant behavior can be considered normal.

  1. Criminal Investigation Procedures

    Could you explain how your fingerprints were found at the crime scene? 8. How could your fingerprints have gotten at the crime scene? 10. Have you ever seen a gun at 270 Leek Road? 11. If so can you recognise this gun? (Show the picture of the gun) 12.

  2. Why does white collar and corporate crime tend to go undetected,Or if detected not ...

    Another reason it can be difficult to detect corporate crime is that directors within a corporation are unlikely to report

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work