White Collar Crimes - Essay Example

Now that corporate executives face such steep and severe penalties for White Collar Crimes they will think twice before committing this type of criminal behavior.... The general public received an avalanche of corporate fraud cases in the early part of the 21st century which hurt consumer confidence in the marketplace....

Findings revealed that popular perception tends to consider street crime as having a higher probability of being caught and that the penalties of street crime are stiffer than for White Collar Crimes.... Furthermore, the correlates of certainty and severity for both street and White Collar Crimes are similar.... Likewise, factors which contribute to the frequency of occurrence of white-collar crimes and punishment for white-collar were also examined....

” These findings, however, cannot be used as measures in profiling for potential white-collar offenders because white-collar crimes and crimes by race are different.... Most common white-collar crimes are fraud, bankruptcy, bribery, insider trading, embezzlement, computer crime, medical crime, public corruption, identity theft, environmental crime, pension fund crime, fraud, occupational crime, securities fraud, financial crimes, RICO and forgery; while Crimes committed by race, according to the Bureau of Justice as categorized by circumstances are felony/murder/ sex, drug and gang-related, argument and workplace; and uses guns, poisons and arsons as weapons....

This is because White Collar Crimes involve professionals in the corporate sector that do not involve violence in the criminal activities.... This paper outlines… In the current society, individuals require a comprehensive approach of law enforcement in order to combat White Collar Crimes.... This is because White Collar Crimes involve professionals in the corporate sector that do not involve violence in the criminal activities.... In the current society, individuals require a comprehensive approach of law enforcement in order to combat White Collar Crimes....

Yet, research suggests that the highest costs are associated with white-collar crimes.... hellip; Such crimes are non-violent but cause very big losses.... Such crimes are non-violent but cause very big losses.... For example, it is claimed that “the American business community lost $50 billion in 1980 to white-collar crime” (Eitzen cited in Long), which is more than 10 times the costs associated with all street crimes.... These are just cost estimates because truth is that occupational and corporate crimes cannot be accurately measured....

A friend of mine said that violent crimes were committed by African-Americans while the White Collar Crimes were committed by the whites.... hellip; because most of the prosecuted individuals of violent crimes were blacks and those for White Collar Crimes were white does not mean that they are the only or largest committers of those crimes.... A friend of mine said that violent crimes were committed by African-Americans while the White Collar Crimes were committed by the whites....

This means that police tend not to put a critical focus on crimes that are committed by individuals who have some form of financial ability (Reiman & Leighton, 2010).... He takes note that there is a greater possibility of individuals who are in the lower bracket of income to be arrested for petty crime in comparison to their counterparts in the higher… It is notable that numerous studies and research has indicated that there is a bias in the arrest rate of individuals in the lower brackets....

The factors may interrelate in several ways, but the part of the occasion is central too much White Collar Crimes Chances have both personal and objective scopes.... This approach of the study focuses on the roots of White Collar Crimes laws in given examples, their identifications, and guidelines and on the examination, prosecution, and judgment of white-collar crimes.... White-collar crimes do not affect individuals with the same intensity as when one individual is victimized by a petty criminal....