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White Collar Crime

Essay Instructions:
1. Explain the harm that white collar crime causes to employees and consumers on a national and international level. Reference at least 3 different concerns this activity brings to consumers. 2. Explain, in detail, how corporate crime can have long-term effects on the world economy. 3. Select 2 fields or professions and describe how occupational crime in these professions may affect consumer trust. You may wish to select from the medical, legal, academic or religious fields, and compare at least 2 of them. 4. Address the various methods used to research white collar crime. Also include the following topics: Types of studies (for example, case studies, experiments, surveys, etc.) The use of secondary and archival data The use of content analyses and comparative studies
Essay Sample Content Preview:

White Collar Crime
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White Collar Crime
A white-collar crime is defined as a crime that is committed in the course of occupation by a respectable person and of high social status that is against the standards of an organization. It can happen knowingly or unknowingly to the victim and may occur in the form of, for instance, fraud. The effects of the crime affect the company in question, employees and customers at large. Organizations are the major victims of such crimes such as embezzlement, theft by employee and bribery among other forms of fraud. Mostly, they are vulnerable to crimes which involve the financial knowledge or technical expertise of workers. Even though they are the targets, mostly the losses are passed over to customers and employees (Rosoff, Pontell & Robert, 1998).
Croall (2001a) alleges that, the effects of collar crimes on workers are exploitation from employers for resisting to comply with compensation rules and other terms and conditions of employment. Many white-collar crimes that involve the employees cause them to lose job position and heavy fines. The effects of the crimes to consumers result to economic constraints such as high cost of products and reduced services as the cost is forwarded to them due to high cost of business operations in companies. When large corporations and wealthy people evade taxes, average citizens through hiking of taxes bear the burden. Another effect to the consumers is loss of their hard-earned money through fraud when they are conned in the course of transactions (Levi, 2005).
Robert and Makau (2000) report that, corporate crime has been on the rise in the recent past and are of a wide variety resulting to losses in corporations. When companies are faced with such crimes, it is not the management that bears responsibility but workers and consumers. The high cost of ...
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