WHITE COLLAR CRIME Essay Example | Topics and Well Written Essays - 500 words

WHITE COLLAR CRIME - Essay Example within a corporate setting. Next, the crime is free of violence and aggression usually committed for personal benefits such as one’s economic and financial welfare and prosperity. In other words, a white collar crime could be a ‘combination’ of above mentioned factors in various instances. (Hasnas, p. 585, 2005) It should be highlighted that this crime differs from ‘state criminal law’ in a way that it does not involve physical violence or aggression that may directly damage someone else. Also, it does not about â€Å"murders, rape cases, prostitution, abduction, illicit drugs and narcotics† etc. neither it is about violation of another person’s core rights and interests or any other immoral activities. (Hasnas, p. 586, 2005) Some of the commonly observed examples of White Collar Crimes include cyber crimes (hacking, computer viruses and malwares, credit card fraud, misuse of financial information and bio data), fake bankruptcies, tax evasion through fake financial statements followed by monetary frauds with stakeholders, fake or misleading insurance covers, â€Å"antitrust law violations, healthcare issues, phone and telemarketing scams†, business and â€Å"environmental law violations, federal mail fraud, public corruption and embezzlements†, forwarding business secrets of an entity, common stock and security frauds with stockholders, â€Å"insider trading, bribery, counterfeiting, money laundering and economic spying†. (Conklin, 2007) and (Internet: Hg.com) The white collar criminal law primarily considers ‘federal mail fraud statute’ that emphasizes the fact that a person is involved in dishonest and immoral behavior when one intentionally or deliberately involved in violating code of conduct and organizational rules and regulations. In more simple words, it takes into account the fact that a person is dishonest or deceptive if does not provide services he or she has promised for in