Common examples cover a wide variety of criminal activity, including using a computer as a mechanism for committing securities fraud, credit-card fraud, and identity theft. Fraudthe most common type of white-collar crime, involves obtaining money or services by making false representations or promises.
Public officials who solicit and accept bribes, or corporate officers who fix prices to drive competitors out of business, are engaging in such abuse of their positions. Such violations, unlike common-law crimes, may not require any criminal intent by the defendant.
The Report provides benchmarking data compiled from cases of occupational fraud that were investigated by Certified Fraud Examiners CFEs between January and February Because these employees handle financial transactions, they normally have the easiest access to fiscal assets and the most opportunity to conceal a fraud.
Money laundering is a relatively new type of white-collar crime that is utilized by criminals wishing to conceal profits gained through illegal activities. The highest percentage of fraudsters in the study were between the ages of in more than half of all cases, the perpetrator was over For further information, contact Scott Patterson: Next, white-collar crimes typically involve abuse of positions of trust and power.
White-collar crime is also often more difficult to detect than other types of crime, in part because losses may not be immediately apparent to victims but also because the crimes can involve sophisticated schemes and cover-ups.
The cost of corporate crime to society is many times that of organized crime or the more common street crime. These may include violation of tax laws, avoidance of currency-reporting requirements, securities violations, and environmental crimes.
The key question in these cases is ordinarily whether the defendant intended to deceive the victims or merely failed in an honest business venture. In some cases corporate crimes are conducted by bogus entities that pose as legal corporations or partnerships.
The Report finds that the median loss from fraud rose as the age of the fraudster increased. Most perpetrators have attended or graduated from college.
Specific examples of activities that constitute white-collar crimes include price collusion conspiring with other corporations to fix the prices of goods or services as a means of obtaining artificially high profits or driving a competitor out of the marketfalsifying reports of tests on pharmaceutical products to obtain manufacturing licenses, and substituting cheap, defective materials for costlier components specified in the construction of roads or buildings but charging the customer for the full cost of the specified materials.
Significantly, the median loss of fraud by men is more than twice as great as frauds perpetrated by women, according to the study. Although the goal is not necessarily to obtain money or services, these crimes are illegal because they interfere with the proper functioning of the justice system.
First, they involve the use of deceit and concealment, rather than the application of force or violence, for the illegitimate gain of money, property, or services. Executives and upper management made up the second-most common category of fraudsters.
At times such activities can be attributed to individual employees or executives acting on their own initiativebut it is often the case that they represent a collective and organized effort by a corporation to increase its profits at any cost.
Perjuryobstruction of justicefalse statements, and witness tampering are also considered white-collar crimes. Although white-collar crime has traditionally been viewed as less serious than other types of crime largely because it does not involve physical violenceby the late 20th century there was a growing recognition of the significant harm it causes.
However, every organization needs anti-fraud professionals in their ranks who are trained to understand and identify the potential warning signs of fraudulent conduct. Many white-collar crimes require concerted criminal activity by coconspirators.Interested in (CJ)-Writing Assignment Common Characteristics of the White Collar Offender Bookmark it to view later.
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The Common Characteristics Of The White Collar Offender The Common Characteristics of a White Collar Offender (STUDENT NAME) White Collar Crimes (INSTRUCTOR NAME) (DATE) The Common Characteristics of a White Collar Offender Anyone that has taken a class or even worked a “hint” of a white collar.
Common Characteristics of the White Collar Offender 2 To say that your ‘run of the mill,’ White-Collar criminals are ultimately the same, is a statement that does not and can not align with the actions and behaviors taken by these very criminals.
F. Scott Fitzgerald wrote in one of his early short stories, “They are different from you and me,” and was. According to a report published by the Association of Certified Fraud Examiners (ACFE), new research shows that men, years old, working in an accounting department are the most common offenders.
Although white-collar crimes are quite varied, most have several characteristics in common. First, they involve the use of deceit and concealment, rather than the application of force or violence, for the illegitimate gain of money, property, or services.Download