Essay on Corporate Crime - 2732 Words

Between April 20th 2010 and July 15th 2010, BPs drilling rig explosion in the Gulf of Mexico was the biggest oil spill in the history of the petroleum industry. Eleven people died. # of days later and $ in fines, BP stopped the spilling of oil into the ocean. According to the U.S. Fish and Wildlife Service (USFWS) reported on September 17th, â€Å"in terms of land animals, at least 3000 have died, tens of thousands of others have been affected [including] millions of sea organisms [although] there is no accurate count†. Conversely, it is unlikely that other than those that have been directly affected can recall the amphetamine weight loss drug scandals between the 1960’s to 1990. For that matter, likely few are motivated enough to look up the†¦show more content†¦Corporate crime is not taken seriously and the regulatory agencies appear powerless as the penalties available to them are ineffective in sufficiently punishing criminal acts and preventing future crim es. As investigations and methods of law enforcement are incredibly time consuming and costly, the current most effective punishments of committing a corporate crime are the use of; recalls, unilateral orders, consent agreements, decrees, injunctions and monetary penalties are most used. The use of deferred and non-prosecution agreements are currently by far the most popular option for corporations. In the Encyclopaedia of White-Collar Crime, co-authors Jurg Gerber and Eric. L Jensen define corporate crime as â€Å"violations of federal or state laws that are committed by employees on behalf of the company rather than simply for their own gain.† The definition and classification of what falls under a corporate crime is highly problematic in that corporations can afford defence lawyers that can find loopholes in the legislation in order to avoid charges. Even more perplexing, is that â€Å"corporations define the laws under which they live† according to Russell Mokhib er report’s Top 100 Corporate Criminals of the Decade (1996) published in the Corporate Crime Reporter. Mokhiber introduces the example that â€Å"the automobile industry... has worked its will on Congress to block legislation that would impose criminal sanctions on knowing and wilfulShow MoreRelatedAmerica Vs. Corporations : Corporate Crime1359 Words   |  6 PagesCommitting a corporate crime seems tempting at times, and the culprits usually feel as if their crime is justified. They justify their choice to steal from the company by assuming that the only person who would be affected is the CEO, or somebody that would not notice a dent in their hefty salary. However, it is naive to think of these types of crimes in a way that doesn’t adequately explain the ripple affect each crime has on society. The main goal of this proposal is to explain how corporate crimes affectRead MoreEssay on An Explanation of Corporate Crime856 Words   |  4 PagesAn Explanation of Corporate Crime This analytical source review will analyse and detail the views and opinions of four different sources including: The sociology of corporate crime: an obituary, Corporate Crime, Corporate Crime at the tip of the iceberg and White Collar and Corporate Crime. The topic this review will be primarily concerned with is corporate crime, the topic will be examined and the notion of ignorance towards the subject will be addressed. HoweverRead MoreWhite collar and corporate crime548 Words   |  3 Pagescollar and corporate crime tend to go undetected, Or if detected not prosecuted White collar and corporate crimes are crimes that many people do not associate with criminal activity. Yet the cost to the country due to corporate and white collar crime far exceeds that of â€Å"street† crime and benefit fraud. White collar and corporate crimes refer to crimes that take place within a business or institution and include everything from Tax fraud to health and safety breaches. Corporate crime is extremelyRead MoreThe Nature And Organization Of Corporate Environmental Crime961 Words   |  4 Pagesessay examines the nature and organisation of corporate environmental crime. Part II explores the offenders of corporate environmental crime. Part III determines the risk factors for corporate offending. Finally, Part IV analyses environmental regulations. I. NATURE AND ORGANISATION Corporate environmental crime constitutes an important part of white-collar crime. The notion ‘white collar crime’ was introduced by Edwin Sutherland and refers to a crime ‘committed by a person of respectability andRead MoreWhite Collar Crime And Corporate Crime1158 Words   |  5 PagesWhite-Collar Crime consists of occupational crime and corporate crime. Occupational crime refers to offences committed against legitimate institutions businesses or government by those with respectable social status. It includes the embezzlement of corporate funds, tax evasion, computer crime and expense-account fraud. It is not every day that we hear about white-collar crimes but these non-violent crimes are on the rise to the top. Federal Bureau of Investigation states that USA, for example recordedRead MoreEssay on Control Theory Corporate Crime3821 Words   |  16 Pagesof capitalism itself that produces crime however, in order to understand the causes of corporate crime, th e neoliberal framework and its utilization must be examined. Neoliberalism accords the state not to intervene or regulate the market, and in effect produces inequality but most importantly crime. Criminal acts are committed by the elites that are following the core of the neoliberal doctrine which is maximizing profits while minimizing costs. Corporate crimes are committed by executives or executiveRead 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 MoreHo w Does the Criminal Justice System Respond to White Collar and Corporate Crime?2543 Words   |  11 PagesWHITE COLLAR AND CORPORATE CRIME? White-collar crime poses a vexing problem for the criminal justice system (CJS). It is an enormously complex global issue that is growing rapidly and is a cross-border problem. White-collar crime is viewed differently in contrast to conventional crime as generally the public associate crime with street crimes such as robbery, burglary or homicide. Affluent and privileged persons who enjoy an elevated social status and who engage in crimes are rarely consideredRead MoreCorporate Crime Assignment Essay2788 Words   |  12 PagesCorporate Crime Assignment â€Å"In order to effectively punish and deter corporate crime, the law should impose criminal sanctions on individuals rather than on corporations.† Introduction Corporate Crime refers to crimes committed by corporations, or individuals acting on behalf of companies (Tomasic, 1993). As corporate crime also involves top managers and employees of the company, it sometimes overlaps with white-collar crime (Grabosky amp; Braithwaite, 1987). There is no doubt that corporateRead MoreAssignment 1 - Corporate Crime3379 Words   |  14 PagesASSIGNMENT 1 – CORPORATE CRIME â€Å"Greed can be defined as the desire to acquire wealth or possessions beyond the needs of the individual, especially when this accumulation of possession denies others legitimate needs or access to those or other resources It is an extreme or excessive desire for resources and symbols of wealth.† (Taflinger, 1996) The key word to consider is â€Å"excessive† which can be denoted as â€Å"going beyond the usual, necessary, or proper limit or degree.† The real problem to consider