White Collar Crime Coined By Edwin Sutherland - 2133 Words

Crime can occur on various platforms such as the streets of a neighborhood or at a corporation on Wall Street. As a result, crime and criminal behaviour can be explained using a broad set of theories presented by scholars with the focus ranging from the individual offender to the offender’s environment and external influences. White-collar crime coined by Edwin Sutherland, for example, is a crime committed by a person of respectability and high social status in the course of his occupation (Tatham, 2016). The case of Stratton Oakmont in the 1990s is an example highlighting the complexity of white-collar crime and contributes to its understanding. Jordan Belfort, founder of Stratton Oakmont, was found guilty of securities fraud and money laundering, both of which are types of white-collar crime. Fraud, according to Benson and Simpson (2015), is a crime in which a professional uses his or her superior knowledge and expertise to take advantage of something. Over the course of their occupation, the brokers at Stratton Oakmont used their knowledge and expertise to deceive their clients and inflate the prices of stocks under Belfort’s instruction. Ultimately, this fraudulent activity led to Belfort’s and Stratton Oakmont’s illegal financial success. Explanations of general crime can be applied to white-collar crime. Scholars explain white-collar crime using different theories including differential association theory, anomie and strain theory, control theory and rational choiceShow MoreRelatedTaking a Look at White Collar Crimes667 Words   |  3 Pagesthis research paper that you are about to read you will learn something’s about white collar. You will be learning who coined the term, what it is, and you will also be learning who does it. The term white collar is define as- of or relating to the work done or those who work in an office or other professional environment. It was coined by the late great Edwin Sutherland in 1941. Sutherland said ‘’ white collar is a crime committed by a person of respectability and high social status in the course ofRead MoreEssay on White Collar Crime and Corporate Crime1509 Words   |  7 PagesWhite Collar crime is not a crime unto it self, but instead a criteria that has to be met in order for a crime to be considered as White- Collar Crime; (Blount, 2002) hence the reason why Corporate Crime is also considered as White- Collar Crime. At the same time, White Collar Crime and Corporate Crime can be seen as distinct criminological categories, however, in order to reveal this, this essay will firstly be exploring Sutherlands definition of white collar crime and the perplexity with thisRead MoreA Perfect World, Economic Inequality1337 Words   |  6 Pageswith or deviated from based on a person’s zip code. If within this perfect world crime did exist, the ramifications of criminal acts would be blind to race, wealth, or family name. 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Merriam-Webster defines crime as â€Å"an act or the commission of an act that is forbidden or the omission of a duty that is commanded by a public law and that makes the offender liable to punishment by that law† (Merriam-Webster). There are many types of crime but the two this paper will focus on are street crime and white- collar crime. There is no definitive definition of street crime, but it is generallyRead MoreThe Growing Problem of White Collar Crimes in India19963 Words   |  80 PagesThe Growing Problem of White Collar Crimes in India â€Å"The practitioners of evil, the hoarders, the profiteers, the black marketers and speculators are the worst enemies of our society. They have to be dealt with sternly, however well placed important and influential they may be; if we acquiesce in wrongdoing, people will lose faith in us†- Dr Radhakrishnan Methodology The research methodology used for the present research article is traditional DoctrinalRead MoreCrimes Of Privilege: White Collar Crimes And The One Percent.1970 Words   |  8 PagesCrimes of Privilege: White Collar Crimes and the One Percent White collar crime has been recognized as something that is an issue since 1939 when it was brought up in a political meeting by Edwin Sutherland. Sutherland was interested in the fact that people of the working class were not being noticed for the crimes that some of them are involved in. The concern was that the criminal activity that was being addressed during this time were predominantly trivial crimes. While they were getting all