Sutherland 2017 For instance embezzlement is a type of theft that involves

Sutherland 2017 for instance embezzlement is a type

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Sutherland, 2017 ). For instance, embezzlement is a type of theft that involves abuse of office or trusted position to direct money into a personal bank account without legal authority. Embezzlement is a crime that is usually committed by an employee, a business partner or an official who has been given access to another person’s money or assets for management or monitoring and used it for their gain ( Sutherland, 2017 ). Embezzlement could take the form of false check payments, falsification of records and false billings. Corporate Fraud is another form of white collar crime. This involves the use of misrepresentation or pretense to acquire something from an individual or business. The most
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WHITE-COLLAR CRIME ARTICLE REVIEW 3 common type of fraud is corporate fraud. In this crime, forged documents or false financial statements are used to deceive investors and government officials to give up money or property (FBI, n.d). This is done to hide limitations, losses and declining sales or market share to make the company attractive to potential investors and buyers. Most of the fraud cases covered by the FBI involve financial schemes that are formed to deceive external auditors and investors about the economic status of a company. Some common corporate fraud cases involve the misuse of property for personal interests, insider trading and also a violation of tax obligations. The
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  • Winter '17
  • Federal Bureau of Investigation, theft, White-collar crime, Edwin H. Sutherland, WHITE-COLLAR CRIME ARTICLE REVIEW

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