White-Collar

Question 1

What is white-collar crime?

Answer 1

Crimes committed by the powerful and wealthy, often in business or finance, like fraud or tax
evasion.

Question 2

Snider

Answer 2

Govs are hesitant to pass
laws that regulate capitalist enterprises, even when they pollute the environment, exploit workers, or put lives at
risk. This is because powerful corporations provide jobs, investment, and taxes - so states are reluctant to offend them.

Question 3

How does Croall define white-collar crime?

Answer 3

‘an abuse of a legitimate occupational role that is regulated by law’

Question 4

What are 3 types of white collar crime?

Answer 4

Occupational crime - against employer
Corporate crime - to improve profits
State crime - acts of war

Question 5

Example of occupational crime

Answer 5

Nick Leeson - trade for Barins Bank, made unauthorized speculative trades, losses reached £827 million

Question 6

Why is white-collar crime problematic?

Answer 6

1) Don’t how much of it there actually is
2) Victims of these crimes are often unaware they were victims
3) They can be seen as ‘victimless’

Question 7

Example of corporate crime

Answer 7

General Motors dangerously positioned the fuel tank on their Chevrolet Malibu cars in the 1970s, causing a high risk of fire.

Question 8

Goldstraw-White

Answer 8

Those who commit white-collar crimes don’t see themselves as ‘real criminals’ and often don’t accept that they’d done anything wrong. They felt morally justified and stressed they didn’t ‘hurt’ anyone.

Question 9

Friedrichs

Answer 9

Part of the appeal of white-collar crime is that it involves a calculated gamble, and the chances of being caught are very low. Those committing corporate crimes weigh the risks of crime against the profit which could be generated from it.

Question 10

Sutherland and Cressy

Answer 10

Some businesses encourage deviant behavior which becomes the norm…e.g… fraud. The criminal does not see themselves as deviant.