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White Collar Crime: Stats, Cases, and Examples for Kids

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Carmen

28/09/2023

Criminology

Crim - Unit 1- AC1.1 - White Collar Crime Table

White Collar Crime: Stats, Cases, and Examples for Kids

White-collar crime encompasses non-violent offenses committed for financial gain in business settings. These crimes, including fraud, embezzlement, and tax evasion, are typically perpetrated by individuals with respectable status and financial stability. Typical victims of white-collar crime are often those with the financial means to invest, and are frequently acquaintances or friends of the offender. Due to the complex methods used to conceal these crimes, prosecution can be challenging. White-collar crime is considered both deviant and criminal, violating social norms and laws. A notable example is the Bernard Madoff case, the largest Ponzi scheme in history, defrauding investors of $65 billion.

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Criminology

604

28 Sept 2023

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White Collar Crime: Stats, Cases, and Examples for Kids

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Carmen

@c4rm3n_77

White-collar crime encompasses non-violent offenses committed for financial gain in business settings. These crimes, including fraud, embezzlement, and tax evasion, are typically perpetrated by individuals with respectable status and financial stability. Typical victims of white-collar crimeare often those... Show more

Unit 1 - Criminology
OFFENCE(S)
TYPICAL
OFFENDER
TYPICAL
VICTIM
LEVEL OF
PUBLIC
AWARENESS
DEVIANT /
CRIMINAL
OR BOTH?
SCENARIO
CASE
EXAMPLES

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White-Collar Crime: Understanding the Complexities

White-collar crime is a complex and often misunderstood area of criminal activity. This page delves into the characteristics, perpetrators, victims, and societal impact of white-collar offenses.

Definition: White-collar crime refers to non-violent offenses committed for financial gain in commercial or business settings.

Common types of white-collar crimes include:

  • Embezzlement
  • Fraud
  • Tax evasion

Highlight: White-collar crimes are typically committed by individuals who hold respectable positions and have financial stability, which they exploit to gain their victims' trust.

Typical offenders of white collar crime are often individuals with:

  • High social status
  • Financial stability
  • Positions of trust in business or government

Example: A CEO might use their position to manipulate financial records, embezzling company funds for personal gain.

Victims of white-collar crime are typically:

  • Individuals with the financial ability to invest
  • Often acquaintances or friends of the offender
  • Targeted based on their trust in the offender's perceived status

The level of public awareness of white collar crime is often lower compared to violent crimes, due to:

  • Complex nature of the offenses
  • Sophisticated concealment techniques used by offenders
  • Offenders' ability to present themselves as respectable individuals

Vocabulary: Jurisprudence - The theory and philosophy of law.

White-collar crime is considered both deviant and criminal because:

  • It violates social norms and expectations deviantdeviant
  • It breaks established laws criminalcriminal

Example: Tax evasion, where individuals under-report their income to pay lower or no taxes, is both socially unacceptable and illegal.

Famous white-collar crime cases include:

Quote: "Bernard Lawrence Madoff... performed the biggest Ponzi scheme in history, by scamming investors out of $65 billion."

The Madoff case illustrates key aspects of white-collar crime:

  • Exploitation of trust
  • Manipulation of victims
  • Use of complex financial schemes to conceal criminal activity

This case highlights the devastating impact that white-collar crimes can have on individuals, businesses, and the economy as a whole, underscoring the importance of vigilance and robust financial regulations.

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This app has made me feel so much more confident in my exam prep, not only through boosting my own self confidence through the features that allow you to connect with others and feel less alone, but also through the way the app itself is centred around making you feel better. It is easy to navigate, fun to use, and helpful to anyone struggling in absolutely any way.

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Rohan U

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I know a lot of apps use fake accounts to boost their reviews but this app deserves it all. Originally I was getting 4 in my English exams and this time I got a grade 7. I didn’t even know about this app three days until the exam and it has helped A LOT. Please actually trust me and use it as I’m sure you too will see developments.

Xander S

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