CRJU110 Lecture Notes - Lecture 8: Edwin Sutherland, Corporate Crime, Securities Fraud
Document Summary
White0collar crimes are absent from the yearly crime tally of the ucr and. Tallies of occupational and corporate wrongdoings are collected and distributed each year by state and federal regulatory agencies such as the ftc (federal. Defi(cid:374)ed as (cid:862)a (cid:448)iolatio(cid:374) of the la(cid:449) (cid:272)o(cid:373)(cid:373)itted (cid:271)y a perso(cid:374) or group of persons in the course of an otherwise respected and legitimate occupation or financial a(cid:272)ti(cid:448)ity(cid:863) White collar crime: examples of occupational crime: Embezzlements and fraud (e. g. , health care fraud, securities or stocks, telemarketing) Insurance fraud (obtaining proceeds from the insurance company through deception) Insider trading, kickbacks, and tax evasion (fraudulent filing of taxes) Corporate crime: corporate crime: a violation of the law committed by an entire firm or occupational organization. Examples: false claims and advertising, price fixing, environmental crimes, unsafe working conditions, misuse of patents and copyrights. The enron scandal: crooks cooking books: the enron scandal did tremendous damage to the economy, and created a crisis of investor confidence.