CRM 1300 Lecture Notes - Lecture 5: White-Collar Crime, Bankruptcy, Insurance Fraud
17 Nov 2013
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Document Summary
White collar crime, corporate crime, and organized crime. Father of whiite-colar crime: edwin sutherland (1883-1950: focused on corporate crime, considered dean of criminology, before that, people concentrated on lower-class crime. White-collar criminals: are mainly hidden from criminologists. B/c if they reveal themselves, they will lose money. As opposed to murder for example, money is a big part of white collar crime: cause high financial cost, damage social institutions and social relations. Definition: committed by individuals who use the marketplace for their criminal activity. Tax evasion, credit card fraud, bankruptcy fraud: professional/elite deviance. Medical fraud, investment fraud: business fraud. How serious is it: much higher costs than street crime, 1997: 57% f companies claimed being cheated by their own employees. Over 20 million serious injuries in workplace. Over 30 000 deaths per year: receive light penalties. Types of crime (moore, 1980: stings and swindles. Government, criminal justice system, business: embezzlement and employee fraud. Blue-collar fraud, management fraud: client frauds.
