Topic > Essay on White Collar Crime - 1132

Prevalence of White Collar Crime in the United States In the United States white collar crime is greatly misunderstood and in some cases simply swept under the carpet. In December 2013, the Department of Justice reported that there were five hundred and thirty-eight prosecutions for white collar crimes (White Collar Crime Prosecutions, 2013). This is reportedly down about 3% from a month ago and just over 4% from a year ago (White Collar Crime Prosecutions, 2013). White collar crime is defined as lying, cheating, or stealing against the government (Federal Bureau of Investigation, 2014). It is not always classified as a victimless crime because white-collar fraud can destroy a business, shatter families by emptying life savings, or cost investors billions of dollars (Federal Bureau of Investigation, 2014). white collar crime are the three Bs: bank fraud, blackmail and corruption (Types and Schemes, 2014). Other types of white-collar crime include wire and computer fraud, counterfeiting, embezzlement, forgery, extortion, and money laundering. Fraud schemes such as: bank fraud, computer fraud, social security fraud and healthcare fraud are more sophisticated and bulletproof. than ever before, and the Federal Bureau of Investigations (FBI) is more determined and dedicated to using its expertise to track down and arrest perpetrators and stop scams before they even begin (Federal Bureau of Investigations, 2014). For example, Welfare Fraud and Health Health care fraud are both two popular white-collar crimes currently being investigated against older adults (Federal Bureau of Investigations, 2014). Older adults are easy targets for multiple reasons, including: brain deficiencies, education, and… half of paper… individuals who handle such activities and their personality traits (Newman, 15). Most criminologists have been more concerned with researching the very existence of criminality in the upper strata of our society than with the variation in crime rates within a business or profession (Newman, 15). White collar crime will not be fully understood unless there is knowledge of value conflicts in government business regulations (Newman, 16). One of the reasons white collar crime is committed is to make a big business even bigger otherwise the people running that business become greedy (Newman, 16). There is still much to learn from white-collar crime, but the Federal Bureau of Investigations is creating and improving programs to combat fraud and other types of white-collar crime to protect state and federal governments (Federal Bureau of Investigations, 2014).