Corporate & White Collar Crime

DEFINITION

DId You Know?

The idea of white-collar crime was first introduced by Edwin H. Sutherland during his presidential address at the American Sociological Society Meeeting in 1939.

Statistics

The latest available data from the Justice Department show that during December 2016 the government reported 408 new white collar crime prosecutions. According to the case-by-case information analyzed by the Transactional Records Access Clearinghouse (TRAC), this number is up 11.5 percent over the previous month.

Ways To Prevent Corporate & White Collar Crimes

  • Longer sentencing
  • Sentencing with less opportunity for early release
  • Have two signatures required on company checks, this will ensure that more than one person is aware of all company disbursements
  • Have an independent accountant perform an audit on company financials.

Work Cited Page

Textbook

https://en.m.wikipedia.org/wiki/White-collar_crime

https://en.m.wikipedia.org/wiki/Corporate_crime

https://ucr.fbi.gov/nibrs/nibrs_wcc.pdf

http://trac.syr.edu/tracreports/bulletins/white_collar_crime/monthlydec16/fil/

http://www.investopedia.com/financial-edge/0512/sentences-for-white-collar-criminals-too-harsh-or-too-lenient.aspx

https://www.legalzoom.com/articles/strategies-for-small-businesses-to-protect-against-white-collar-crime

Created By
Alana Barkemeyer
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