A) Describe White-Collar Crime.
B) Who coined the term "white-collar crime"?
C) Describe his works on white collar crime.
Answers
Answer:
Definition of white-collar crime. : crime that typically involves stealing money from a company and that is done by people who have important positions in the company : crime committed by white-collar workers Embezzlement is a white-collar crime.
White-collar crime has been associated with the educated and affluent ever since the term was first coined in 1949 by sociologist Edwin Sutherland, who defined it as "crime committed by a person of respectability and high social status in the course of their occupation."
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Answer:
A) White-collar crime is a financially motivated, nonviolent crime committed for illegal monetary gain. White-collar crime, is similar to corporate crime, because white-collar employees are more likely to commit fraud, bribery, ponzi schemes, insider trading, embezzlement, cyber crime, copyright infringement, money laundering, identity theft, and forgery.
White-collar crime, is similar to corporate crime, because white-collar employees are more likely to commit fraud, bribery, ponzi schemes, insider trading, embezzlement, cyber crime, copyright infringement, money laundering, identity theft, and forgery. White collar crimes stand in contrast to blue-collar street crimes including arson, burglary, theft, assault, rape, and vandalism.
B) The term "white-collar crime" was coined in 1939 by Edwin Sutherland, who defined it as a "crime committed by a person of respectability and high social status in the course of his occupation" in a speech entitled "The White Collar Criminal" delivered to the American Sociological Society.
C) Much of Sutherland's work was to separate and define the differences in blue-collar street crimes such as arson, burglary, theft, assault, rape, and vandalism, which are often blamed on psychological, associational, and structural factors. Instead, white-collar criminals are opportunists, who learn to take advantage of their circumstances to accumulate financial gain. They are educated, intelligent, affluent, and confident individuals whose jobs involve unmonitored access to large sums of money.
Corporate crime deals with the company as a whole. Their difference is that white-collar crime benefits the individual involved, and corporate crime benefits the company or the corporation.
Insider trading, the trading of stock by someone with access to publicly unavailable information, is a type of fraud.
Buying or selling securities of a publicly-held company by a person who has privileged access to information concerning the company's financial condition or plans.
The unauthorized use of copyrighted material in a manner that violates one of the copyright owner's exclusive rights, such as the right to reproduce or perform the copyrighted work, or to make derivative works that build upon it.