Fordham Law Review Volume 76 | Issue 5 Article 1 2008 Home Ownership Risk Beyond a Subprime Crisis: The Role of Delinquency Management Melissa B. Jacoby Recommended Citation Melissa B. Jacoby‚ Home Ownership Risk Beyond a Subprime Crisis: The Role of Delinquency Management‚ 76 Fordham L. Rev. 2261 (2008). Available at: http://ir.lawnet.fordham.edu/flr/vol76/iss5/1 This Article is brought to you for free and open access by The Fordham Law School Institutional Repository. It has been
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diverse set of actors—including executives‚ doctors‚ politicians‚ and computer hackers. The authors have attempted to infuse each chapter with a historical perspective by describing some selected cases from the past in order to illustrate that white-collar crime is not solely a contemporary social problem but has a long and vivid history. I. The History of a Concept a) Ponzi’s - Whereby investors’ returns are paid for directly by later investors’ investments‚ giving the false impression that the
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Subprime Mortgage Crisis The subprime mortgage crisis is a financial and real estate crisis that has been going on in the United States between the years 2007 and 2010. It began because of a drastic increase in mortgage delinquencies‚ foreclosures‚ failures in credit default swaps‚ saturation of the debt and real estate markets and reverse trading. All these parameters had an adverse effect on the financial markets and banks all over the world. In recent times‚ The United States witnessed a rise
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Corporate Criminal Liability and White-Collar Crime Glory Finley Nur Kanburoglu Patrina Mohabir Rebecca Saxon Julie Stoltz Suzanne Witkowski University of Phoenix BUS 421: Business Law Mark Goodman June 1‚ 2009 Corporate Criminal Liability and White-Collar Crime White-collar crimes are non-violent criminal actions done through a business operation. These types of crimes usually do not affect one particular person‚ but a large number of individuals such as employees and investors.
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White Collar crime has been a hot topic since the 20th century. Edwin Sutherland introduced the term at the fourth annual meeting of the Sociological Association. At this meeting he explained who this type of criminal is and what the criminal does for a living. Sutherland developed a theory to try and fit this type of criminal. The theory is differential association. There are four different pieces of evidence to understand the theory. White collar crime ranges from Embezzlement to Mortgage Fraud
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Why do we study white collar crime ? Why should we study white collar crime? These are just two questions that are hardly looked over by society. The way to answer these two important questions is to start off with the definition of what is actually a white collar crime. There are two ways white collar crime could be defined. The first way white collar crime could be defined is as “a crime committed by a person of respectability and high social status in course of his occupation”. This definition
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The FBI defines white collar crimes as lying‚ cheating‚ and stealing. The Department of Justice defines them as non violent illegal activities that involve deception. White collar crimes falls under the purview of Criminal law. They are usually committed for financial gain. They are committed by means of deception used by people who are in an entrepreneurial professional or semi professional position. Not all people that commit white collar crimes are semi or professionals or have special technical
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Although no crime is victimless‚ white collar crime stands alone in its ability to devastate victims through non-violent means. White collar crime is the use of schemes or frauds to manipulate or gain money‚ usually committed by a professional at work. Be it an investor committing fraud or a restaurateur embezzling from their business‚ white collar crime harms society. White collar crime costs the USA over $300 billion every year. (Firm‚ Lisa Wells Law) Its victims may be investors‚ business owners
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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
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5-1-15 White-Collar Crimes One would ask why someone with a high position‚ who is already earning vast amounts of cash or resources‚ would use backhanded tactics to maintain or advance their power. Unfortunately‚ the love of money or power have sent what seemed respectable people into corruption. White-collar crimes come in many forms and typically include fraud‚ bribery‚ Ponzi‚ schemes‚ insider trading‚ etc. They are mostly motivated by financial gain and are nonviolent crimes. This crisis has been
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