SOC 1500 Chapter Notes - Chapter 13: Extortion, Salami, Cybercrime
7 Apr 2012
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Document Summary
It has become easy in our global economy to use illegal tactics to make a profit. We refer here to these crimes of the marketplace as enterprise crimes and divide these into 3 categories: Enterprise crimes: crimes of opportunity for financial gain that involve breaking regulatory rules but not personal victimization. White-collar crime: the illegal activities of people and institutions whose acknowledged purpose is profit through legitimate business transactions. Illegal acts that capitalize on a person"s status in the marketplace. Ex: embezzlement, fraud, market manipulation, restraint of trade and false advertising. Today"s definition of white-collar crime includes all individuals who use the marketplace for their criminal activity, from middle-income canadians to corporate titans. Experts place the cost of white-collar crime at hundreds of billions of dollars. Occupational crime: crime committed by employees for personal gain using the structural advantage provided by their employment. Occupational crime alone amounts to billions of dollars per year.
