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Lecture

CRM 101 - White Collar & Corporate Crime


Department
Criminology
Course Code
CRM 101
Professor
Gurpreet Johal

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CRM 101: White Collar and Corporate Crime
WHITE-COLLAR CRIME
Edwin Sutherland coined term white-collar crime
-In 1940's studied 70 largest U.S manufacturing, mining, retail corporat
ions found numerous law violations
-Questioned assumption crime is due to poverty
DEFINING WHITE-COLLAR CRIME
"A crime committed by a person of respectibility and high social status in the c
ourse of his occupation"
-Other terms: Elite deviance, respectable crime
OCCUPATIONAL AND ORGANIZATIONAL CRIME
Occupational Crime:
White-collar crime committed by an individual or group of individuals ex
clusively for personal gain
Organizational or Corporate Crime:
-White-collar crime committed with the support and encouragement of a fo
rmal organization, and intended to advance organizational goals
But:
-Not all occupational crimes are committed by people with white collars
-Blue collar crime
-i.e your garage mechanic may defraud you by chargin for work th
at has not been done
-It may be difficult to separate the organizational and occupational com
ponents of many white-collar crimes
OCCUPATIONAL CRIME: INVESTMENT-RELATED CRIME
Insider trading: using knowledge not available to people outside the company to
profit from stocks
Stock Manipulation:
-Pump and dump scams
FRAUD:
Bankruptcy fraud
Fraud against government
Consumer fraud
Insurance fraud
Tax fraud
Insider-related fraud
-Embezzlement
-Employee-related theft
Bribery Corruption and Political Fraud
UNPROFESSIONAL CONDUCT AND MALPRACTICE
Two issues - misconduct and failure of organizations to deal with misconduct
Often hidden because dealth with professional associates
Society now less tolerant of the way the catholic church has dealt with sexually
abusive priests and governments ignoring professional misconduct
CONSUMER SAFETY ISSUES
Over the past 40 years, products have become much safer because of consumer move
ment and government action
Manufacturing has moved offshore
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