White Collar Crime Essay

White Collar Crime Essay-45
These theories address how crime opportunities are formed by immediate environments and then discovered and evaluated by potential offenders.

These theories address how crime opportunities are formed by immediate environments and then discovered and evaluated by potential offenders.

Despite passing such legislations, white collar crimes have grown commensurately in the nation and mostly go undetected, unprosecuted, and unpunished due to lack of police or authoritative efforts in implementation of such laws or sometimes the legislators and law implementers belong to the same class to which the occupational criminals belong.

Also such criminals are educated, intelligent, rich and confident enough to defraud their victims into believing and trusting in their credentials.

Rakoff spent seven years prosecuting white-collar criminals as a federal prosecutor before shifting to a private practice, where he defended many of them for 15 years.

He was appointed to the federal bench by President Bill Clinton in 1995 and now hears cases stemming from alleged criminality by corporations at the heart of this country’s financial system.

Thus, it is important to discover suitable social defence resolutions to prevent, detect, investigate and prosecute such criminals and curb this increasing menace of white collar crimes without discouraging healthy business growth.

Big fines paid by businesses that break the law provide no incentive for companies to change cultures that lead to that illegal activity, says Jed S.

White collar crimes refer to those anti-social activities which are committed by persons of respectability and high social status in the course of their occupation and profession.

Such activities involve variety of injurious actions volatile of regulatory, civil or criminal laws.

White collar criminals are opportunists who take advantage of their circumstances to accumulate financial gain.

Our social system is corrupted by number of white collar crimes causing an irreparable damage to the society at large.

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