SOC 2700 Chapter 12: SOC2700 Chapter 12
5 Oct 2016
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Chapter 12: crimes of power: white collar, corporate, and organized crime. Our global economy has made it easier to use illegal tactics to make profit. These marketplace crimes are referred to as enterprise crimes. A more detailed definition of this type of crime is that illegal acts of opportunity that involve breaking regulatory rules but not personal victimization for the purpose of financial gain. Enterprise crimes can be divided into three categories: white-collar crime which are illegal acts that capitalize on a person"s status in the marketplace, including embezzlement, fraud, market manipulation, restraint of trade, and false advertising. It also involves illegal activities of people and institutions whose acknowledged purpose is profit through legitimate business transactions. (eg, bribery or price fixing). These type of crimes are often committed by a gang, such as drug trafficking. (eg, extortion, loan sharking, gambling). Edwin sutherland describes wcc as criminal activities for the rich and powerful.
