What are white-collar crimes quizlet?

What are white-collar crimes quizlet?

White collar crime definition. illegal/unethical acts that violate fiduciary (duty of loyalty/trust) responsibilities comittted by individual or organization, usually during course or legit occupational therapy by persons of respectable social status for personal gain or organizational success.

What is white-collar crime sociology quizlet?

White-collar crime refers to financially motivated nonviolent crime committed by business and government professionals.

Why is white-collar crime not taken seriously?

Moreover, white-collar and elite criminals benefit from institutionalized non-enforcement practices, regulatory policies, and legal representation not available to street criminals. As a result, white-collar criminals are extremely difficult to apprehend and prosecute, even when they do tremendous harm to society.

Is a white-collar crime?

Reportedly coined in 1939, the term white-collar crime is now synonymous with the full range of frauds committed by business and government professionals. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent on the application or threat of physical force or violence.

Which of the following is an example of white-collar crime quizlet?

Typical white-collar crimes include fraud, bribery, Ponzi schemes, insider trading, embezzlement, cybercrime, copyright infringement, money laundering, identity theft, and forgery.

What is white-collar crime sociology?

White-collar crimes are criminal acts that are typically non-violent and financially motivated. The term “white-collar crime” was first coined in the 1940s by sociologist Edwin Sutherland as “a crime committed by a person of respectability and high social status in the course of their occupation.”

How do white collar crimes affect society?

Most experts agree that the economic impact of white-collar crime is far more costly than ordinary crime. White-collar crime can endanger employees through unsafe working conditions, injure consumers because of dangerous products, and cause pollution problems for a community.

What is white-collar crime in criminology?

White collar crime doesn’t just boil down to a murder mystery involving a suit. Rather, white collar crime is non-violent and refers to financial crimes such as fraud, bribery, embezzlement and money laundering, that are committed by businesses and governments.

What causes white-collar crime?

The major causes of prevalence of white collar crimes are peer support, corporate culture, lack of accountability, fragile political system and lack of reporting (Bashir et al., 2011). Generally, white-collar crime is caused by greed, economic difficulty, opportunity to commit crime and situational pressure.

What is a white collar crime example?

Examples of white-collar crimes include securities fraud, embezzlement, corporate fraud, and money laundering. In addition to the FBI, entities that investigate white-collar crime include the Securities and Exchange Commission (SEC), the National Association of Securities Dealers (NASD), and state authorities.

What is the usual motive of white-collar criminals quizlet?

The business man who commits illegal acts out of a desire to maximize profit, while hiding behind a façade of respectability and piety. 3. They are guilty of moral insensibility.

What is a white-collar crime example?