Preview

Risk Analysis: White Collar Criminals

Good Essays
Open Document
Open Document
674 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Risk Analysis: White Collar Criminals
Name
Tutor
Course
Date
Risk Analysis
Risk averters are those people who will prefer to have the tendency of carrying out their professional tasks using crude methods that potentially protect their material well-being. On the other hand, the risk neutrals are the individuals that do not prefer their personal interests or that of others in a certain venture. Lastly, the risk seekers are those persons that will always take a decision that do not harm or present negative effects on others, although the decision made do not act in favor of any stakeholders, they are involved.
Do the white-collar criminals as portrayed in the film consistently display the personality traits of risk seekers?
The white collar criminals that are portrayed in the
…show more content…
Draw out of the film as many examples as you are able to find that are relevant to risk analysis theory.
The people who are guilty of offences like white collar crimes will always look for other avenues to identify with, without bringing the issues of guilt into the bracket. Therefore, some of them can fall into the category of the risk averters and others into the category of risk neutral. In this way, there will be a balance between the three traits, an instance that makes the society complete (Sutherland et al
…show more content…
Give very specific examples of social-psychological variables and other micro-level variables such as family bonding, values and personality traits drawn directly from the film.
There are socialization processes that can prevent the pattern of the traits seen in this study. One of the most effective socialization process in foreseeing this is the model of socialization that contains three phases. The model will always work effectively in ensuring that there is adequate identification with the required models.
Is greed seeking just another form of risk taking?
When a person is greed seeking, it is possible that the person may also be venturing in another form of risk taking. This is because greed can be responsible for many atrocities and evils that one may come across. This works according to the provisions of risk taking (Sutherland et al 220). For instance, Jeffrey Skilling actions at Enron showcase the act of greed seeking that appears to just like a risk taking venture.
Works Cited
Enron: The smartest guys in the room.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Fin 370

    • 461 Words
    • 3 Pages

    Risk is the potential that a chosen action or activity (including the choice of inaction) will lead to a loss (an undesirable outcome).…

    • 461 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    former CEO Bernard Ebbers was sentenced to twenty five years in prison due to increasing…

    • 1065 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    In this case well no he didn’t do. 2) Next is concealment, this one he did do by compiling mass amounts of paperwork, and case files from not only the U.S. government, but other companies and governments as well. 3) The third is violation of trust, or abuse of power, and trust. This one is a little tricky because of the law that states on the theft, compiling and use of government documents. He had the power to view these documents and the trust from the government to see such thing so when he went out on a limb and published those in a webpage format then he violated this rule, or element. The other thing is that he is NOT a citizen of the U.S. therefore the first amendment right would not apply to him. Because of this; it is an American document, and doctrine. So implies the Espionage act which he falls under and has violated. So the final question in this topic is he a criminal, well yes he is because of the amount of data, and the amount of sensitive information that he and his team has exposed. White collar crime yes because he leaked in cyber form information that could cause harm, and damages to a nation, person, or group. The tricky part is the prosecution of this case because of the international retaliation act, and the whistleblowers law at here in the U.S. both of these can be seen as a a way to allow him to continue processing…

    • 2060 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    It is in this article that Messner and Rosenfeld’ version of anomy theory can be applied to explain white-collar crime. In Messner and Rosenfeld’s book Crime and the American Dream they outline their own version of strain theory, the ‘American Dream’, which highlights how in American individuals want to be successful, that success is measured in money, and that the perverseness of money compels people to break the law because of the limitations that the legal economy represents (Messner and Rosenfeld, 8). They aim to explain why white-collar offenders commit their crime and they believe that anomy theory explains white-collar crime. In their case, they show the commitment that people and groups put into the schemes in order to obtain their…

    • 173 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    The outcome of a risk doesn’t have to affect a group of people, it can just have an influence on an individual’s life. One case of risk-taking is investing in the stock market. A person takes a chance by investing large sums of money in companies that they think will do well. Sometimes this risk can end badly but other times it can be extremely helpful and earn someone a lot of money. This risk only affects one person, unlike the risky chance Steve Jobs made when creating his company, Apple, Inc.…

    • 258 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    #5. Identify the principal agents who expose white collar crime in contemporary society. What factors motivate people to expose such crime, and what factors inhibit them from doing so? What specific policy measures can be adopted to encourage exposure of white collar crime?…

    • 1446 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Offender based approaches to white collar crime is define with emphasis as an essential characteristic of crime dealing with high social status, power, and respectability of the actor. A strength to this type of approach allows the social stigmatism of the “criminal” offender to be destabilized in the public view. Drawing attention to the ideation that people within high society or social standing can and will commit crime. This approach while breaking the social norms of antisocial behavior lends itself to weakness within the theory. While using social standing and status as part of the approach, researchers have a challenging time translating that in to useable data for comparison. The actual cost of the crime can’t always be measured…

    • 393 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    White-Collar Deviance

    • 3270 Words
    • 14 Pages

    Carmichael, S., Piquero, N.L., & Schoepfer, A. (2007). Do perceptions of punishment vary between white-collar and street crimes? Journal Of Criminal Justice, 35151-163. doi:10.1016/j.jcrimjus.2007.01.003…

    • 3270 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    White caller crime is slow poison for the human society. There are many negative effects associated with society. Such as economical effect and social effect. In social effect people have to lose money and in social effect, the negative effect is connected with the family. If any case your personal information are hacked by hackers so it will huge problem for us and it creates many issues on social life. Because hackers can use those information for unethically purpose. According to my understanding, white collar crime is not victimless crime. White collar crime commits manly in public sectors. Therefore, people are the main victims in the white collar crime.…

    • 217 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Sociology White Collar

    • 1297 Words
    • 6 Pages

    The types of crime had more widespread dangers to civil society both in term of human cost and tax dollar, is White collar and which had more extensive consequences. Professor Edwin Hardin Sutherland (1949) was the first to coin the term, and hypothesize white-collar criminals attributed different characteristics and motives than typical street criminals. White collar is a financial motivated, economic, non violent crime committed for illegal monetary gain as a crime committed by a person of respectability and high social status in the course of his occupation. For instance, one of the most notorious corporate crimes was committed by Ford executives in Houston kept faulty Firestone tires on their Explores that cost the lives of 200 people, and not one executive spent even a single day in jail. In contrast with street crime committed by poor individuals financial motivated to commit crime if they are caught stealing cars it’s more likely that they will be sent to prison for years (p. 145 -146). Furthermore, “The Rich Get Richer and the Poor Get Prison”, this article is very true in the way that the poor get discriminated on in almost every…

    • 1297 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Crime has always been a shadow upon societies image, these learned behaviors can be seen in all shapes and sizes, in the cities, in the streets and even in homes. The media has controlled the image of what is perceived as crime. But what truly stalks the streets at night, is it the sadistic men who care so little about human dignity they travel from coast to coast sexually assaulting women? Or is this just a small portion of the true offender/victim population. Also there are many different forms of crime the most publicly known violent and property crime make up the larger fraction of crimes in Australia, although crimes such as internet and white-collar crime accounts for a significant part of the total crime costs. Then there is also the “dark figure” of crime, which forms the significant inaccuracies that are found especially in sexual assault offences. The most important aspect of all crime statistics are the trends which only within the last 30 years have been successfully recorded in such a way that can be effectively used to provide evidence for the prevalence of some crimes in society.…

    • 1573 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    White Collar Crime

    • 537 Words
    • 3 Pages

    Some of these challenges are codes of silence, employers asking for resignations to avoid scandal and attention and enquiries of occupational wrongdoing are not well received by coworkers. A major challenge is discerning whether a victim is truly a victims or simple used bad judgment that caused their own loss. A street crime involves proving actual concreate events like a shooting, a robbery or the drug deal. A white collar crime most often does not provide obvious events. Furthermore, white collar crime statutes are notoriously broad. These characteristics cause challenges to defining white collar crime. While white collar crime focuses on elite crimes for example, employee theft and lower level occupational crime. When observers ignore the status of the offender, economic crime can include minor fraud, embezzlement, and the like, even when it is not committed by individuals of high…

    • 537 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Workers Compensation Fraud

    • 1806 Words
    • 8 Pages

    In 1939, Edwin Sutherland coined the term “White Collar Crime.” The term originally characterized white-collar criminals as those with respectability and high social status who carried out crime during “his” occupation. Today, the definition of white-collar crime has been expanded to include much more than “upper class criminals.” White Collar Crime can be defined as “an offense carried out by non-coercive, nonviolent means, and using or utilizing an acquired skill or technology to perpetuate a fraudulent scheme” (Rosoff 15).…

    • 1806 Words
    • 8 Pages
    Better Essays
  • Good Essays

    White Collar Crime

    • 1844 Words
    • 8 Pages

    White collar crime has been present for many years. It may have been over looked, but it still was present even in the twentieth century. White collar crime can be defined as nonviolent, illegal activities that principally involve traditional notions of deceit, deception, concealment, manipulation, breach of trust, subterfuge or illegal circumvention. White collar crime is a broad category containing many different types of offenses. Even things such as music piracy seem to fit this definition. Small crimes such as music piracy or illegal prescription drug buying is not really enforced much because these are not really major crimes. The criminal in this crime is probably an elderly individual or child. Most prosecutions of white collar crime happen to big business owners and not local citizens engaging in piracy. There really isn 't a clear cut reason behind this phenomenon. My theory on the whole issue is that business owners are well known most of the time. They are respected men or women in society. If they engage in such a crime they would probably create the most social havoc then an elderly person would that bought illegal prescription drugs. No one is going to care about a senior citizen buying drugs but attention would be enticed by business executives smuggling money and getting rich. The ironic thing about white collar crime is that the crime itself is not all that important. What I mean by important is that its affect on society is much greater than the monetary losses that happened because of it. When you engage in white collar crime you are misleading, lying, and being somewhat of a con man to all those individuals present around you and to those in society. This violates the trust of all those in your society. Now you have an unstable society, disorganized society, and a distrustful society. Those other crimes mentioned before don 't have this much of an affect on social institutions or social organizations.…

    • 1844 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    White Collar Crime

    • 3031 Words
    • 13 Pages

    Global Journal of Finance and Management ISSN 0975 - 6477 Volume 3, Number 1 (2011), pp. 69-76 © Research India Publications http://www.ripublication.com/gjfm.htm…

    • 3031 Words
    • 13 Pages
    Powerful Essays