This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Ryan Wisneski November 18, 2007 Assignment #3 #1 Corporate Crime is less serious because it is non-violent To say that corporate crime is less serious because it is non-violent bases the seriousness of crime on violence alone and does not take other factors like how many people are affected or the financial harm. It does not take violence to make a crime serious however these types of corporate crimes may tend to be less publicized and often undetected, they are still present. Corporate crimes have cost millions of dollars and affected thousands of people in negative ways. The most publicized and largest corporate crimes were that of the Savings and Loan Scandal and the Enron corporation scandal. The Savings and Loan scandal cost taxpayers around 500 billion dollars and also an enormous amount of unprotected savings were lost by certain individuals. “To assess the impact of this crime one needs to realize that this single major loss to taxpayers was over twenty times greater than the total value of property reported...
View Full Document
- Fall '08
- Economics, Violent crime, Corporate crime, Ryan Wisneski, Kornblum