CRJS 215 Chapter 12

CRJS 215 Chapter 12 - Chapter 12 Enterprise Crime...

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Chapter 12 Enterprise Crime: White-Collar Crime, Cyber Crime, and Organized Crime
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Enterprise Crime Crimes of the marketplace White-collar crime: Illegal activities of people and institutions who profit through legitimate business transactions Cyber crime: Involves people using instruments of modern technology for criminal purposes Organized crime: Illegal activities of people and organizations, which profit through illegitimate business enterprise
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White Collar Crime Edwin Sutherland 1930 coined the phrase “white collar crime” to describe criminal activities of the rich and powerful Contemporary definitions of white collar crime include both middle-income persons and corporate titans Costs of white-collar crime are in the hundreds of billions of dollars and exceed any other type of crime White-collar crimes both kill people and damage property
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Components of White-Collar Crime Stings and Swindles A white collar crime in which people use their institutional or business position to bilk people out of their money (Gold Club in Atlanta 2001: 3-5 years 5 million fine was penalty) Swindlers often target elderly and religious organizations Religious swindles Use of religion and creation of fake religious organizations to bilk those out of money Stelter and Vision Oil Company: God guided her companies oil exportation. She had a vision from God on her three oil wells 100,000 million a year
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Components of White-Collar Crime Chiseling Involves cheating an organization, its consumers, or both on a regular basis Bogus auto repairs, cabs jack up rates, Race Track in NY 2001 Professional chiseling: Use their position to chisel clients (doctors and pharmacists) 98,000 a year KC Pharmacist used water to weaken drugs Securities fraud: Commodity and stock markets deceptions Churning (repeated unnecessary buying/selling) front running (placing personal orders ahead of clients) bucketing (skimming profits) insider trading ( information giving the trader unfair advantage)
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Components of White-Collar Crime Individual Exploitation of Institutional Position Individuals’ exploiting their power or position in organizations to
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This note was uploaded on 04/09/2008 for the course CRJS 215 taught by Professor O'toole during the Spring '08 term at Old Dominion.

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CRJS 215 Chapter 12 - Chapter 12 Enterprise Crime...

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