The Legacy Of White Collar Crimes - 849 Words

The year 2000 signaled to the world the beginning of a new age. While previously the world had begun to accept technology it was not until the early millennia that it had become a mandatory part of our lives. With this blossoming of new technology came the peak of a newer type a crime in which the rich would steal from the poor and give to themselves. White collar crimes are still only a century old, and yet have become one of the most devastating types of crimes committed. They not only affect the victims that are stolen from, but also the lives of the people who would be removed from their job when the scandal is found out. This is what happened early in the millennia with the Enron corporation and the scandals that were put forth but its operators. The Enron corporation was an amalgamation of Houston Natural Gas and Internorth two of the largest natural gas suppliers in the United States. It was built upon the company s ability to convince congress to deregulate the sale of natural gas through supplying electrical pieces at market prices. This allowed Enron to begin to sell power at higher prices therefore driving their revenue up. The company also began to spread its grasp out of natural gas and into a myriad of other power sources across the globe including water, pulp and paper plants. This was all done through a massive series of loopholes and massive amounts of money being funneled into Congress to lobby against regulations of such activities.Show MoreRelated The Analytical Contrast of Corporate Deviance in Differential Association and Strain Theory2324 Words   |  10 Pageswith their goals and knowingly abuse this unique position (Albanese, 1984, p. 2-5). From this perspective Sutherland and Merton connect the barriers or lack thereof that perpetuates these ideologies in business ethics therefore being the cause of the crimes themselves. In essence, it is a vicious circle of necessity created by the conditions outlined as tolerabl e as long as they lean towards monetary success. Suggesting differential association as a learned behaviour imbedded in the corporate structureRead MoreThe Bureau Of Alcohol, Tobacco, Firearms, And Explosives1330 Words   |  6 Pages The Bureau of Alcohol, Tobacco, Firearms and Explosives, otherwise known as the ATF, is one of 60 criminal justice programs under the Department of Justice. Their mission is to regulate and investigate crimes related to the above mentioned items. The ATF has been around in one way or another since the beginning of our nation. It started in 1791, when the first tax on distilled spirits was implemented by the new Secretary to the Treasury, Alexander Hamilton (1). Supervisors, inspectorsRead MorePolice and National Crime Information1595 Words   |  7 Pagesformat. 1. Describe the colonial period’s three legacies to contemporary policing. Then list and discuss two powerful trends in England and America that brought about changes in policing in both countries. First, the colonists committed themselves to local policing. Second, the colonists reinforced that commitment by creating a theory of government called republicanism. Finally, the colonial period witnessed the onset of the theory of crime prevention. Two powerful trends in England and AmericaRead MoreAfrican Americans Conservative Republicans1000 Words   |  4 Pagesespecially in the south. With church and entrepreneurship being at the forefront. As Clarence Thomas recalled in a report on heritage.com, in his African American household â€Å" school, discipline, hard work, and right from wrong came first† while â€Å"crime, welfare, slothfulness, and alcohol were enemies†. This is a very common perspective in black culture as well as republicans. A lot of their views are the same for example 31% of African Americans think gay marriage is morally acceptable and 30%Read MoreJust Walk On By : Black Men And Public Space1464 Words   |  6 Pagesheterogenetic and safe community. Black people are often treated in public spaces in ugly ways even though they are not evil. People see violence and crime once black people embark upon public space. Obviously, black peoples presence is considered like the passage of a cyclone that destroys the environment. Talking about his encounter with a white girl in a public space, Staples writes, â€Å"She cast back a worried glance. To her, the youngish black man, a broad six feet two inches with a beard and billowingRead MoreArthur Ashe â€Å"’He trusted me†¦. With my father, my reputation was solid,’† said Arthur Ashe, when he900 Words   |  4 Pagesthat he was able to confront later hardships in his life, as in the incident during the 1960 Middle Atlantic Junior Championship in Wheeling, West Virginia. Ashe was branded as the culprit of destroying a cabin on the premises by some other white players, a crime he did not conduct, and even worse, the fabricated story was published by local newspapers (Lazo 39-40). Even though this matter could damage Ashe’s name, his father’s opinion on it was his main concern, so when Arthur Senior confirmed hisRead MoreEssay on Worldcom Fraud1354 Words   |  6 Pagesapproach to accountability and a more than clear â€Å"gray area† in terms of financial responsibility, there may have been a different ending to the WorldCom legacy. Reference Certo, S. (2000). Modern management (8th Ed.) Prentice-Hall: Upper Saddle River, New Jersey. Ernst Young Global Limited, South Africa (2005). Its official-white collar crime no longer pays. Retrieved October 18, 2008 from http://www.ey.com/GLOBAL/content.nsf/South_Africa/Governance__Sustainability_- Read MoreThe African-American Male and the Criminal Justice System2725 Words   |  11 PagesAfrican American Male and Crime Justice System [Authors Name] [Institutions Name] African American Male and Crime Justice System Introduction The past quarter century has seen an enormous growth in the American incarceration rate. Importantly, some scholars have suggested that the rate of prison growth has little to do with the theme of crime itself, but it is the end result of particular U.S. policy choices. Clear (2007) posits that these policy choices have had well-defined implicationsRead MoreThe Ethical Dimension Of The Demise Of Enron Corporation1474 Words   |  6 Pagesuntil we can get over this temporary hump,†(Thomson Learning, 2003). The amount of power that are economic system is capable of giving to a corporate entity is immense and the responsibility towards the public trust should be the same. â€Å"Many white collar crimes aren t committed by hardened criminals. It s often normally moral people under financial strain, those under severe pressure from their bosses or shareholders, or people who get away with something minor then try to test their limits,†( ThomsonRead MoreMadoff4022 Words   |  17 Pageshow those in a position of power to protect investors, ultimately failed. Psychology of a White-Collar Criminal Lack of Moral Compass Psychologist Alfred Adler wrote â€Å"Men of genius are admired, men of wealth are envied, men of power are feared; but only men of character are trusted.† This quote can certainly be applied to a different breed of business professionals: the white-collar criminal. A white-collar criminal fundamentally thinks differently from their more trustworthy colleagues. Many safeguards