Fraud As White Collar Crimes - 1581 Words

Abstract: We are hearing at least one scam per day on every corners of the globe, these days making scam or fraud is not a big task but the consequences after that are horrible, it effects many individuals lifestyle and even sometimes cost life of human beings Earlier Scams are restricted to some fields but now they are taking place in every field at any incidence of time. Scams are creating a doubt for us whether to believe to business, corporate companies and even our neighbours. These days corporate scandals are increased in frequency and severity, we are even believe them and guess the effects of them, we can call corporate scam as white-collar crimes . The scams like Enron, WorldCom, Satyam and Augusta helicopter scams are few examples of biggest frauds in the last two decades. If we go in depth with Satyam computers scam that occurred in 2009, we will know what the fraud is, they manipulated their accounting details for seven years in order to show their company is more powerful than what it was in actual by cheating their employees, stakeholders, vendors, clients and everyone. This scam left us questions about security, law and governance and how importance they are in our everyday life, this scam created a doubt on Indian companies in the world market. Introduction: What is Scam? Scam/ fraud can be described as doing things illegally and which are not ethical, which are not good for organisation and society by effecting everyone connecting to thatShow MoreRelatedFraud : A White Collar Crime That Is Victimless992 Words   |  4 PagesEmbezzlement seems to be a white collar crime that is victimless. However, when monies are embezzled from a non profit it affects all those involved especially those benefitting from the work of the nonprofit organization. I thought of our local community nonprofit arts foundation. They not only produce a full slate of shows each season, but also provide classes in painting, sculpting, drawing, acting, music, and dance. If they were defrauded in the amount of $93,000 it would affect educationalRead MoreLiterature Review on Fraud/White Collar Crime, Organizations, and Individuals1801 Words   |  8 PagesFraud and white-collar crime are common forms of crimes that people commit in various aspects and positions in the corporat e world. Fraud and white-collar crimes have similar meaning as they refer to the non-violent crimes that people commit with the basic objective of gaining money using illegal means. The cases of white-collar crimes have been increasing exponentially in the 21st century due to the advent of technology because fraudsters apply technological tools in cheating, swindling, embezzlingRead MoreThe Globalization of White Collar Crimes: An Inside Look of How Fraud, Embezzlement, Cybercrime, Identity Theft and Forgery Are Increasing World-Wide794 Words   |  4 PagesThe Globalization of White Collar Crimes: An Inside Look of How Fraud, Embezzlement, Cybercrime, Identity Theft and Forgery Are Increasing World-Wide In this paper I will examine some of the aspects of white collar crimes such as: fraud, embezzlement, cybercrimes, identity theft and forgery. I will explain what each of these are pertaining to criminal justice and how they relate to one another. And I will conclude by how each of these topics are growing into global problems. According to Criminal-Law-Lawyer-SourceRead MoreThe And White Collar Crime897 Words   |  4 Pages1. Literature Review Crimes have been occurring in our society for many years and recently the occurrence of non-violent crimes has increased dramatically. Traditional and white collar crimes have two traits in common, an objective and a modus operandi, but the major difference is that a white collar criminal has a plan and also the ability, knowledge and technology to execute it (Nevis, 2012). White-collar crimes can occur at any occupational level and affects all parts of society, from big businessesRead MoreStreet Crime And White Collar Crimes766 Words   |  4 Pageseconomic crimes goes up as well. Either it’s the street crimes or the white-collar crimes/corporate crimes but which of is a wide spread crime. Street crime and white-collar crimes affect the people negatively. You would be hurting yourself and others. Even though, street crimes are more violent then the white-collar. White collar effect you devastating you finacially and emotionally. Street crimes are more generally physical effect. White-collar crimes have financial issue and street crime have safetyRead MoreWhite Collar And Other Crimes And Their Penalties1420 Words   |  6 PagesRunning head: White Collar Crime WHITE COLLAR AND OTHER CRIMES AND THEIR PENALTIES. Ken Jaeger Intro to Criminal Justice CRJ 100 Mr. Sexton September 5, 2014 Abstract This paper will discuss the many various aspects of White Collar Crime. It will show how whether White Collar crime differs from other types of crime. It will show how to justify white collar crimes compared to all types of other crimes committed. It will show how and why White collar criminals receive more lenient penaltiesRead MoreThe Various Aspects Of White Collar Crime1123 Words   |  5 PagesWhite Collar Crime Ken Jaeger Intro to Criminal Justice CRJ 100 Mr. Sexton September 5, 2014 Abstract This paper will discuss the many various aspects of White Collar Crime. It will show how whether White Collar crime differs from other types of crime. It will show how to justify white collar crimes compared to all types of other crimes committed. It will show how and why White collar criminals receive more lenient penalties then criminals who commit crimes such as murder, robbery, vandalismRead MoreTypes of White Collar Crime686 Words   |  3 PagesName Tutor Course Title Date Submitted Types of White Collar Crime: There are different types of criminal offenses since a criminal act can be regarded as a specific type of offense based on the nature of crime. The various types of criminal activities have developed to become more than a single problem to nearly all criminal justice systems across the globe. The main reason for the divergent classification of criminal activities is because they occur in different settings and are conductedRead MoreEssay about The Invincible Criminal1400 Words   |  6 PagesImagine losing your retirement funds or being a victim of a mortgage fraud because money from your bank account disappeared overnight! The 1996 report of the National Criminal Justice Commission estimated that the annual cost of white-collar crime is between $130 billion and $472 billion, seven to twenty-five times greater than the cost of conventional or street crime (Conklin, 2010, P. 71). White-collar crime in America is considered larceny committed by the wealthy, respected, and legitimate enterpriseRead MoreThe White Collar Crime By Edwin Sutherland1604 Words   |  7 PagesSutherland coined the term ‘white-collar crime’ and defined it as â€Å"crime committed by a person of respectability and high social status in the course of his occupation.† (Black, 2010). While Sutherland focused on the perpetrator and his/her characteristics and roles in committing the crime, there were flaws within this definition in that it would not endure the progression of white-collar crime. By focusing on the individual and paying more attention to the actual crime, criminologist and scientist