Studybay uses cookies to ensure that we give you the best experience on our website. By continuing to use Studybay you accept our use of cookies view more on our Cookie Policy
How can I earn money with StudyBay Top writers
Order Assignment
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates! Check price for your assignment
16 bids submitted. Essay Example.

The Definition of White Collar Crime

A white-collar crime, sounds weird, doesn’t it? We can define it as a nonviolent crime specially committed for financial gain. Embezzlement, securities fraud, money laundering, corporate fraud are typical examples of white-collar crime. Such law violations are normally investigated by the FBI, the National Association of Securities Dealers, the Securities and Exchange Commission. Some high-profile individuals convicted of this type of crime include Bernard Madoff, Kenneth Lay and Bernard Ebbers.

A white-collar crime got its name from the types of folks, typically committing financial fraud. So, we’re talking about various fund managers, business managers, executives and so on. Anyone might face prison time as well as steep fines when convicted of this crime. The federal government might suffer financial losses from banks and corporations, committing white-collar crime on the institution-wide level.

One of the most prominent white-collar personalities is Bernard Madoff, convicted in 2009 of an enormous fraud, costing investors $65 billion. He was sentenced to up to 150 years in prison. For many years, this quick-witted guy employed funds from new investors just to pay previous investors. Sure, he stood away from investing the funds. His fraud scheme got disclosed when a great number of clients demanded their money back. As you might have already guessed he couldn’t pay them.

Corporate white-collar crimes normally involve a large-scale fraud conducted throughout the institution. For example, in 2014, Credit Suisse pleaded guilty for helping American citizens to avoid paying taxes by simply hiding income from the Internal Revenue Service. The given financial institution agreed to pay penalties of about $2.6 billion.

Apart from that in 2014, Bank of America officially acknowledged its sell of billions in mortgage-backed securities tied to properties with inflated values. The given loans, that didn’t come with proper collateral, appeared to be among the types of financial misdeeds, leading to the financial meltdown of 2008. The financial institution agreed to pay up to $16.65 billion in damages and also admit to its wrongdoing.

The vast majority of states boast specialized agencies, investigating white-collar crimes, limited to one state as well as federal agencies, dealing with financial frauds, spanning multiple states.

A white-collar crime, sounds weird, doesn’t it? We can define it as a nonviolent crime specially committed for financial gain. Embezzlement, securities fraud, money laundering, corporate fraud are typical examples of white-collar crime. Such law violations are normally investigated by the FBI, the National Association of Securities Dealers, the Securities and Exchange Commission.

Assignment ID
100000806
Type
CREATED ON
30 July 2016
COMPLETED ON
2 August 2016
Price
$7
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates!
Check price for your Essay
Under the bridge
Essay, Information Technology
Price 30 $
The story of joyce oates life
Essay, Information Technology
Price 30 $
Talking about theories of attachment
Essay, Information Technology
Price 30 $
Crisis at east timor: background and consequences of conflict
Essay, Information Technology
Price 30 $
Globalization and unemployment in canada
Essay, Information Technology
Price 30 $
Sexual abuse and eating disorders
Essay, Information Technology
Price 30 $
Being an effective teacher
Essay, Information Technology
Price 30 $
William blake's songs of innocence and experience
Essay, Information Technology
Price 30 $
Miriam book report
Essay, Information Technology
Price 30 $
God's grandeur by gerard manley hopkins
Essay, Information Technology
Price 30 $
Delta airlines joins major carriers in cost cuts
Essay, Information Technology
Price 30 $
Studybay assignment progress timeline
Studybay is a freelance platform where you can order a The Definition of White Collar Crime paper, written from scratch by professors and tutors.
30 July 2016
User posted an order for Information Technology
30 July 2016
18 writers responded
30 July 2016
User contacted writer Kimz21
30 July 2016
User hired writer Kimz21 who offered a price of $7 for the job and has experience doing similar assignments
2 August 2016
Writer completed order The Definition of White Collar Crime for 1 day, meeting the deadline
2 August 2016
User accepted the job right away and completed the payment
2 August 2016
User left a positive review
Control Of Sulphur Dioxide Environmental Sciences Essay
Environmental Sciences SO2 can be an kind of industry polluting of the environment mostly from oil and coal consumption , industry activities and...
The Vendor Of Venice Anti Semitic - Essay
English Literature Many texts are classed as racist solely because they contain some aspect of racism, whether or not this is intended to be taken...
Discharge Plan On Chf Patients Medical Essay
Nursing This review concentrates how discharge planning information can impact patient of CHF Congestive Heart and soul Failure follow-up. This is due to...
Book Emperor FROM THE Air English Books Essay
English Literature Throughout a lot of his reports in his book "Emperor of mid-air" writer Ethan Canin explores the theme of pleasure in relation to his...
Other assignments in this discipline
Ethical computer use policy
Other types, Information Technology
Price 40 $.
Database normalization
Research Paper, Information Technology
Price 40 $.
Compound interest java program
Code, Information Technology
Price 30 $.
It security case study
Case Study, Information Technology
Price 40 $.
Four infrastructures of e-commerce strategy and webstaurantstore
Essay, Information Technology
Price 30 $.
Potential research designs
Dissertation Proposal, Information Technology
Price 50 $.
Critical literatur review on impact of information technology on healthcare
Literature / Movie review, Information Technology
Price 30 $.
Capstone project topic selection
Essay, Information Technology
Price 30 $.
Week # 4 assignment
Essay, Information Technology
Price 30 $.
Children of war (holocaust and mass killings of nazis)
Essay, Information Technology
Price 30 $.
Theoretical framework, research method and problem
Dissertation Proposal, Information Technology
Price 50 $.