Sociology 3357F/G Lecture Notes - Lecture 4: Consumer Protection, Arson, Insider Trading
Document Summary
Tax evasion: quite common for individuals in restaurant industry to evade taxes, undercut government by not sending them all of their hst monies earned off of sold foods. Exploiting employees: retail crime, paul blumberg has documented illegal and unethical practices by business. 71% of students had worked for someone who would engage in some form of deception. Moving companies: provide quote for services, charge much higher price after work is done. Restaurant industry: soak meat in vinegar and salt, cut mold of older food and sell it, defrauding vulnerable people, in a study conducted by david caplowitz, he found that the poor were: Victimized by deceptive credit practices, complicated consumer contracts, and lawsuits threatening wage garnishment: despite new laws and consumer affairs initiatives, these fraudulent practices are hardly extinct. Service business fraud: service business fraud, repair service businesses have a notorious reputation for cheating customers, complaints about auto repairs constitute the largest percentage of consumer complaints.