Corporate and White Collar Crime
Corporate crime or white collar crime is a nonviolent financially motivated crime, committed by companies and businesses, or individuals within companies. Those crimes usually harm the companies, or individuals and involve fraud and money. In the society, those crimes do not get the necessary attention and advertency, this among other factors influences the continuation of the corporate crimes.
Several factors play a significant role to facilitate the white collar or corporate crimes, so it allows the problem to recommence. Perception and the attitudes of the society is a major issue to induce those crimes. People tend to mistakenly believe that they are attentive and careful, thus immune to being scammed and that the victims probably deserved their fate. Also, office workers seem to be clever and responsible, the public opinion on them is more positive. Some of the crimes are considered accidental. The justice system usually does not accentuate on the fraud or insider trading as they are not violent and often victimless. It leads to the tendency to blame victims, in such cases companies or business, for their losses. Another factor is underestimation of losses. Society perceives those losses insignificant because people did not see or use the money. Among other factors, are social norms, the violation of which is more visible and notable in violent crimes, law enforcement resources, that are busy with more significant crimes and violations, and judicial and penitentiary service, that are determined to convict severe criminals.
The damage caused by the corporate crimes is extensive and can affect thousands of people. As white collar crimes are committed in the offices, it is difficult to detect the criminal and sometimes almost impossible to feel the detriment. But the attention, vigilance and corporate control can contribute to the prevention of corporate …
