The Pros And Cons Of White Collar Crime

A sequence of crucial corporate scandals coincides with an increased interest in the awareness of white-collar crime in the public. White- collar criminals are sent to record periods of imprisonment, and the general public is more in favor of such punishments (Holtfreter 2008). Lastly, researchers on the criminal careers of white-collar criminals display that they have more in common with more of the stereotypical street criminals than formerly thought. A major fragment of white collar-criminals do have a previous criminal record, not only in white-collar crimes but in other offenses as well. The difference between other type of criminals and the white collar-criminals seems to be waning. Scandalous white collar crime cases are generally told in the international business press. Some scholars seem to apply anecdotal evidence to propose what might be involved in and what might be eliminated out from the concepts of white-collar crime and white collar-criminals. (Weisburd & Waring).
White collar-criminals are people who gravitate to be highly educated, socially connected and to be wealthy. They are naturally employed by and in legitimate organizations. The cost of white-collar crime is about 14 times the traditional crimes targeting private people and their households. It is evident that before the term of white collar crime was used, power and wealth allowed some people to flee criminal liability. White-collar criminals are pervaded from all financial crimes of the