SOC201 Chapter Notes - Chapter 10: Ponzi Scheme, Spanish Prisoner, Advance-Fee Scam
8 Dec 2013
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Coined by edwin sutherland, 1949: committed by a person of respectability and high social status in the course of his occupation, tax evasion, embezzlement, counterfeiting, insider trading, other types of fraud/theft. Fraud: use of deception to achieve financial or material gain. Economic and emotional impact overshadowed by violent, more serious crimes. Undergrad and graduate students are more vulnerable because of their youth, their education and income levels. The number of fraud victimizations reported to police has decreased in the past 20 years. Same as violent crimes, victimization rates are highest in western canada, and lowered in east. Aboriginal people who live off-reserve are more vulnerable to fraud victimization than on. Cc 380. 1 sentencing aggravating circumstances: value of fraud exceeding million, affected canadian economy or financial system, offence involved large number of victims. Difficulty determining prevalence of crime and how large victim pool is.
