SOC211H5 Lecture Notes - Lecture 4: Price Fixing, Chief Operating Officer
Document Summary
Corporate crime (engaging in offences that benefit the corporation itself) Against owners (generally committed by people within the organization who have knowledge of the organizations practises). Against employees (when it deliberately violates health and safety laws, or fails to take adequate precautions). Against the community at large (we are all victims of abuses of power when we breathe in polluted air, drink polluted water etc. Sophistication: requires knowledge of occupational and legal context, operation of the stock market and how enforcement happens. Planning: meticulous about planning crime because they indicate actions and reactions of victims and authorities, offenders calculate the risks and try to account for all the possibilities of being caught to reduce the risk. Blurs the line between legal and deviant practises: mass-media, high-status occupations (shield from any kind of sanction b/c of partnership with government), association with peers. Fraud divisions in the cc have been amended (response to global impact of corporate scandals).
