Crime

White collar crimes are rampant in the United States. One can identify the crimes through the perpetrator using false statements to a certain material that is regarded as a fact and in many cases involves fraud. The false statement always hinders true justice from happening. Retrogressive acts also signify some level of doubts in the victim. In this case, the institution will undergo some level of downfalls to the point of closure (Benson et al., 2009). Money is also another form of crime which most people engage in at their work place. Organized crime is also a form of crime that is conducted in a white collar setting where individuals plan and execute a crime. This in many cases amounts to a lack of concern for the parties involved in the white collar crimes. Federal laws used to convict the victims of white crime involve the use of crime investigation department and the presenting a factual case to the jury. Once an investigation is done, the case is presented to the jury who will determine whether to proceed or case (Levi, 2013). These two methods are important as they allow the victim to be punished for their crimes and also reduce the work load of the government agencies from losing the case to the defendant.

Financial, social and physical costs are the main sectors which are affected by the white collar crimes. White collar crimes cause the financial situation of the institution involved to reduce drastically. Once a crime such as fraud has taken place, the financial situation of the organization and the economy will be affected as there will be too much money in supply than the commodities available (Benson et al., 2009). For example, when a person is involved in bribery he or she will have too much money which will be spent on luxury items, therefore, pushing the cost of the item higher than it should be.

 

References

Benson, M. L., Madensen, T. D., & Eck, J. E. (2009). White-collar crime from an opportunity perspective. The criminology of white-collar crime, 3, 175-193.

Levi, M. (2013). Regulating Fraud (Routledge Revivals): White-Collar Crime and the Criminal Process. Routledge.