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White Collar Crime

White Collar Crime in American

White collar crime in America is larceny committed by the respected, legitimate enterprise which is not set up to go out of business like an ordinary fraud or con game. White collar crime involves embezzlement, forgery, or fraud committed in the course of normal business practice, but is highly unethical and violates accepted accounting principles or the public trust. Like the crime of conspiracy, deception and cover up are the hallmarks of white collar crime. Sometime the offender is a government official. Criminologists who work in this area sometimes approach white collar crime as the study of business crime, corporate crime, suite crime, and crime at the top, elite crime, state crime, political crime, or governmental crime.

WHITE COLLAR CRIME IN AMERICA

Within the field of criminology, white-collar crime or ‘incorporated governance’ has been defined by Edwin Sutherland “as a crime committed by a person of respectability and high social status in the course of his occupation” (Brickey, 2006). Sutherland was a proponent of Symbolic Interactionism, and believed that criminal behavior was learned from interpersonal interaction with others. White-collar crime therefore overlaps with corporate crime because the opportunity for fraud, bribery, insider trading embezzlement, computer crime, and forgery is more available to white-collar employees.

By the type of offense, property crime, economic crime, and other corporate crimes like environmental and health and safety law violations. Some crime is only possible because of the identity of the offender; transnational money laundering requires the participation of senior officers employed in banks. But the Federal Bureau of Investigation (Pickett, K.H. Spencer Pickett and Jennifer M., 2002) has adopted the narrow approach, defining white-collar crime at p3: “as those illegal illegal acts which are characterized by deceit, concealment, or violation of trust and which are...