CC100 Lecture Notes - Lecture 11: Mount Cashel Orphanage, Edwin Sutherland, Corporate Crime
Document Summary
Crime committed by a person of respectability and high social status in the course of his/her occupation. White-colour crime involved conspiracies by the wealthy to use their position or personal gain without regard for the law. It is an illegal act committed by an individual, or organization usually during the course of legitimate occupational activity by persons of high or organizational gain. The goal is to obtain money or property or to obtain business or personal advantage. White-collar crimes also involve property damage and loss of human life, violations of safety standards, environmental pollution, and industrial accidents due to negligence. Swindling: stealing through deception by individuals who try to bilk people out of their money. Chiseling: cheating an organization or its customers (selling juice which is actually just sweetened water: churning: when a stockbroker makes repeated trades to fraudulently increase his or her commissions.
