White Collar Crime Analysis

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Conclusion

The white collar crime is a financial crime that is emerging these days. Usually, the white collar crime is related to business professionals or government officials who commit financial crimes. This type of crime would often committed by “a person of respectability and high social status in the course of his occupation” and the criminals would take advantage of this social status to financially fraud. It would cover a wide range of forms including financial fraud, government bribery, the Wall Street insider trading, international money laundering, and etc.

The white collar crime has a close relationship with financial related crimes. And it is widely agreed that the white collar crime would generate far more economic cost than ordinary violent crimes. The white collar crime potentially would generate more harm, since the crime is usually involved with persons who are respective and have higher social status. Some government reports may review the white collar crime as serious as it is. However, many white collar crime cases have indicated that they would generate tremendous negative impact on economics. So prevention practices of the white collar crime need to be studied and implemented in order to eliminate the harmful impact it could generate on economics.

Reference:

(1) Appelbaum, Richard P. & Chambliss, William J. (1997). Sociology: A Brief Introduction. New York: Longman. ISBN 0-673-98279-3

(2) Braithwaite J 2011 'Diagnostics of white collar crime prevention', Criminology & Public Policy 9(3) 621-626, 2010 http://johnbraithwaite.com/wp-content/uploads/2016/03/diagnostics_white_collarcrime.pdf

(3) Leap, Terry L. (2007) Dishonest Dollars: The Dynamics of White-Collar Crime. Ithaca: Cornell University Press. ISBN 978-0-8014-4520-0

(4) Koller, Cynthia A. (2012). "White Collar Crime in Housing: Mortgage Fraud in the United States." El Paso, TX: LFB Scholarly. ISBN 1593325347. ISBN 978-1593325343