Week 1-1pol303 - Hi Everyone, Lead a discussion on White...

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Hi Everyone, Lead a discussion on White Collar Crimes. Provide a formal definition and share your own views. White-collar crimes are called this because most of these crimes are committed by executives of big companies or corporations. Hence, the name white collar because most are always wearing suits. These kinds of crimes were first noted in 1939 by Edwin H. Sutherland as “crime of the suites” referring to corporate offices (Schmalleger, F. 2011). These white-collar criminals violate the law by deceiving people and companies for financial gain to themselves or the corporation they work for. There are at least two people that immediately come to mind. One is Bernie Madoff and Martha Stewart is the other. The former was not so much of a household name, until now, but Martha Stewart is. Madoff, who developed and at one time was chairman of NASDAQ, defrauded investors out of $50 billion; he plead guilty to 11 felony counts and was sentenced to 150 years in prison (Schmalleger, F. 2011). He was guilty of, among
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This note was uploaded on 12/28/2010 for the course POL POL303 taught by Professor Knox during the Fall '10 term at Ashford University.

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