White-Collar Deviance John O. Temple Jr. SOC 443 Christina Scott November 2011 White-Collar Deviance So what is white-collar crime? According to the Meridian-Webster dictionary the word white is a stereotypical association of good character‚ marked by upright fairness‚ free from spot or blemish‚ free from moral impurity ‚ innocent‚ marked by the wearing of white by the woman as a symbol of purity‚ not intended to cause harm‚ a white lie‚ favorable‚ fortunate. And there is the infamous
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Week 1: Written Assignment – Article 1 On August 29‚ 2014‚ Joel Steinger‚ former chief of Fort Lauderdale-based Mutual Benefits Corporation (MBC)‚ was sentenced to 20 years in a federal prison. According to the Associated Press (2014)‚ Steinger was the mastermind of an insurance scam in which investors lost about $830 million between 1994 and 2004‚ affecting 30‚000 victims around the world. Mutual Benefits Corp was one of the largest fraud schemes in Florida history to date. Between
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not only of their retirement‚ their hopes and dreams. When handling the affairs of others it is important to be completely honest and legal. This means when conducting business one should be sure that we are not compromising any ethical values. White Collar Crime is an article written about illegal trading and insider information obtained from doctors involved in a 2008 pharmaceutical trial for an Alzheimer’s drug. According to Gustin this was one of the most lucrative insider schemes in United
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Here is Your Short Speech on White Collar Crime ! The concept of “white collar crime” found its place in criminology for the first time in 1941 when Sutherland published his research paper on white collar criminality in the American Sociological Review. He defined white collar crime as a “crime committed by persons of respectability and high social status in course of their occupation”. A white-collar criminal belongs to upper socio-economic class who violates the criminal law while conducting
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White Collar Crime White collar crime is prevalent and brought to our attention more and more by the media since the mid to late 1990s. With the downfall of companies such as Enron‚ Tyco Toys and WorldCom MCI white collar criminals are facing lengthy prison sentences. Greed and personal vendettas are what have led our country to understand and gain more knowledge about these corporations and the corrupt CEOs that have brought them to their demise. “White collar crime is defined as various crimes
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In organizational behavioral theory‚ it is clear that in the Enron scandal‚ one can understand the elements that encourage white collar crime. Organizational crime has three categories‚ (1) organizational goals (2) organizational environment (3) and organizational structure (Weisburd‚ D. 1992) Clearly in Enron scandal‚ opportunity theory will argue that traders who had a hard time meeting its numbers will had a greater chance of utilizing illegal means to meet its goal. (P.65) I thought that the
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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 Forensic Accounting: A Tool of Detecting White Collar Crimes in Corporate World R.B. Sharma1 and Alaa Mohamad Maloain2 Assistant Professor‚ 2Assistant Professor & Supervisor Dept. of Accounting‚ College of Business Administration Al-Kharj University‚ Al-Kharj‚ Kingdom of Saudi Arabia Abstract Forensic accounting investigates financial
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term of human cost and tax dollar‚ is White collar crime‚ and which conflict had more extensive consequences such as death‚ harm‚ and cost‚ etc. Approaching the situation by comparing and contrasting toward crime and the differences are probably readily apparent‚ but to understand we need to view the perspective with conflict versus functional theory. Furthermore‚ Society requires developing ways to threat deviance in a humane and comprehensive way. “Deviance is inevitable‚ the large issues are to
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WHITE COLLAR CRIME White Collar Crime Aphrodite N Tzemopoulos Rasmussen Sociology June 15‚ 2010 Crime is just plain crime. Fraud‚ the art of deliberated deception for unlawful gain‚ has been around forever. Since 1939 a term‚ “white collar crime‚” has surfaced. These crimes are almost looked at as a different type of crime with different and often less severe forms of punishment. These crimes should be treated as other crimes. White collar crime is a serious social issue. White collar
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The definition of white collar crime is still truly undefined by most experts. There are many variations as well as specific traits. For example‚ the type of offender or the type of offense. Some however believe white collar crime is mainly related to economic and corporate crime only. The Federal Bureau of Investigation has opted to approach white collar crime in terms of the offense verses the offender. The FBI’s definition is: illegal acts which are characterized by deceit‚ concealment‚ or
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