Types of White Collar Crimes: [Essay Example], 603 words GradesFixer
exit-popup-close

Haven't found the right essay?

Get an expert to write your essay!

exit-popup-print

Professional writers and researchers

exit-popup-quotes

Sources and citation are provided

exit-popup-clock

3 hour delivery

exit-popup-persone
close
This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Types of White Collar Crimes

Download Print

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

blank-ico
Download PDF

A crime is described as an action or failure to act, which results into an injury to a person and is sanctioned by the state. They are also known as offences. These are happenings that are forbidden by law and punishable if committed. In contrast to civil wrongs, the state has an interest in crimes in order to protect the public from their effects. They are considered to be wrongs of high degrees in both personal injuries in which the offence is committed against an individual as in murder or assault and corporate injuries like money laundering, fraud, or counterfeiting, which are also known as white collar crimes. Crimes do have some similarities and differences, as characterized in fraud and counterfeiting.

Both fraud and counterfeit are alike. While fraud is an act of offence a person willfully and with the intent to deceive another, take their property or money, or make them act in a particular manner, which they would not if truth was disclosed, counterfeit is an act of producing materials or items which are not original in nature. As such, both crimes have an element of deceit attached to them. For example, a fraudulent activity of selling a piece of land that does not belong to the seller is a white collar crime. While the buyer is unaware of the ownership of the property to be sold, he is defrauded of his money while the real owner is taken advantage of his property. Also, an act of producing an item such as a bar soap using the name, logo, and/or design of an existing company without its knowledge or permission with the intent of copying the brand and passing it on as original one is a crime. The buyers of the product are unlikely to know the differences. As a result, they are misled into buying the wrong items.

On the other hand, there exists a difference between these law breakings. A fraud takes place in form of exchanging property, especially money. The fraudster either makes an untrue statement or representation, which is relied upon by another to change their position, form a contractual agreement, and give a consideration for the same. In counterfeit, an actual object is made through processing, manufacturing, minting, writing, or in other forms, which produce an object. It is these objects that are used to acquire wealth from others.

The rates at which financial crimes, computer crimes, property theft, fraud, and counterfeiting occur also differ. Money laundering is a form of financial crime, which accounts for an average of 3.5% of the global gross domestic products (Price Water Coopers, 2016). Also, computer hacking through fishing emails is a computer crime experienced at a rate of 97.25% in the last third quarter of the year 2016 (Gammons, 2017). In addition, property theft, fraud, and counterfeit account for more than fifty percent of crimes in both America and the globe (Tcherni, Davies, Lopez, & Lizotte, 2016). Property theft such as stealing of company documents or products by employees or unauthorized persons deprive the business entities their rightful ownership. Still, fraud and counterfeiting lead to both loss of property and profits.

In conclusion, white collar crimes are committed by individuals in the corporate world. The individuals who perpetrate them have a common end result they want to achieve – duping people and corporates to acquire money in illegal ways. This is the case with fraud and counterfeit offences. At the end, money is lost through dubious means. Nonetheless, states put down laws governing these malpractices to punish the offenders and protect the general public from the harm that often occur.

Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism free

Sources and citations are provided

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

GradesFixer. (2018). Types of White Collar Crimes. Retrived from https://gradesfixer.com/free-essay-examples/types-of-white-collar-crimes/
GradesFixer. "Types of White Collar Crimes." GradesFixer, 14 Sep. 2018, https://gradesfixer.com/free-essay-examples/types-of-white-collar-crimes/
GradesFixer, 2018. Types of White Collar Crimes. [online] Available at: <https://gradesfixer.com/free-essay-examples/types-of-white-collar-crimes/> [Accessed 21 September 2020].
GradesFixer. Types of White Collar Crimes [Internet]. GradesFixer; 2018 [cited 2018 September 14]. Available from: https://gradesfixer.com/free-essay-examples/types-of-white-collar-crimes/
copy to clipboard
close

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.

    close

    Attention! this essay is not unique. You can get 100% plagiarism FREE essay in 30sec

    Recieve 100% plagiarism-Free paper just for 4.99$ on email
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample
    close

    Sorry, we cannot unicalize this essay. You can order Unique paper and our professionals Rewrite it for you

    close

    Thanks!

    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now
    boy

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer

    GradesFixer.com uses cookies. By continuing we’ll assume you board with our cookie policy.