True Accounts of White Collar Crime
There are many true accounts of white-collar crimes. These crimes include embezzlement, price collusion, falsifying drug test reports, and substituting cheap materials for more expensive ones. White-collar offenders are typically middle-aged Caucasian men who commit their first crime between their late thirties and mid-forties. Most of them are educated, married, and have moderate to strong ties to the community. In addition, white-collar offenders tend not to overindulge in any vice. However, recent research shows that white-collar offenders are not necessarily more agreeable or conscientious than their counterparts in society.
Embezzlement is a form of white-collar crime, where the person stealing assets has permission to keep them but uses them for unintended purposes. Embezzlers often create fake bills for activities that don't occur, and then use the money for personal expenses. Embezzlers may also use the money for fraudulent activities, such as destroying records and pocketing company cash. Embezzlement can result in civil and criminal liability for the person who is responsible.
The main difference between embezzlement and tax evasion is the amount of money involved. Embezzlement occurs when someone misappropriates money from an organization, such as a store manager. Tax evasion, on the other hand, refers to the schemes that are used intentionally to avoid paying taxes. A person may steal a sum of money by paying a foreign government agent.
In addition, the authors of these two books share similar themes. The first is the rise of income inequality, while the second concerns the failure to hold top executives accountable. As such, the author of "Big Dirty Money" Jennifer Taub notes, excessive wealth often confers tremendous power. However, extreme wealth also corrupts, just as power can. For example, Donald J. Trump, a business fabulist, has made it harder for federal prosecutors to prosecute white-collar crime.
There are several clues that can indicate collusion, including statements that the vendor is a customer or that the bid was merely complimentary or courtesy. In some cases, the buyer or seller may have known the collusive behavior is taking place before it was detected. However, the seller or buyer can deny these accusations in court, and may have even been the victim of price fixing or bid rigging.
Generally, the crime is not easy to prosecute because the perpetrators conceal their activities through intricate transactions. However, whistleblowers can be instrumental in helping authorities investigate white-collar crimes. By reporting internal wrongdoing, whistleblowers are particularly useful to prosecutors. In 2015 alone, the Securities and Exchange Commission received 3,923 tips. If you're interested in learning more about price collusion, read this book.
Another type of price collusion involves the creation of market division schemes, agreements between competing firms for specific products and/or customers. These agreements could include minimum fees or credit terms. For example, two companies may agree to sell to only a certain part of the country. This collusion is illegal, and the resulting fines can be double or triple the amount of profit the victims have lost. The price-fixing scheme arose in response to a bid by the competing company.
Falsifying reports on drug tests
For years, many high-profile people have been arrested for falsely reporting on drug tests. These individuals include Elizabeth Holmes, Roger Stone, Michael Cohen, and Bumble Bee Foods. Although these crimes may seem like victimless crimes, these people have all been convicted of white collar crimes. And the consequences of falsely reporting on drug tests are far-reaching. The following are some of the most notable cases.
First, police departments have become reliant on field tests to determine whether a person is using drugs. Field tests are inexpensive and easy to perform during traffic stops. However, they are notoriously unreliable and often wrong. Many false positives lead to arrests of innocent individuals, causing them to spend days or even weeks in jail. That's why we have to make sure we have the truth behind these tests and make sure they are used properly.
Substituting cheap materials for costlier ones
The use of cheaper materials for white collar crimes is a form of economic fraud. This practice is not new and has been around for centuries. It is also a part of the broader global economic crisis. Although it is more widespread than most people realize, white collar crime is far from harmless. The costs involved in the crime are far more substantial than one might think. The costs of committing white collar crime are often hidden under the surface of the economy.
The vast scope of white collar crimes has widened in recent years, fueled by new financial products and technology. While many high-profile white-collar crime figures have been convicted over the past few decades, the internet has become a favored avenue for rampant new types of fraud and petty crime. For example, Nigerian scams, involving fraudulent emails, are just one of the crimes perpetrated with the help of the internet.
While the tenn definition of white-collar crime dates back to 1939, the phrase has become widely used today. In recent years, the public has become outraged at corporate greed and the corruption of large organizations. The term once referred to crimes committed by people with respect, but recent reports of massive corporate scandals reveal that many innocent victims are also victims. Many white-collar crimes result in lost investments and increased taxes.
Offenders who commit white-collar crimes tend to be middle-aged, Caucasian men, who first commit the crime in their late thirties or early forties. They have a higher educational level than the general population, and are likely to have married and moderate ties to the community. In general, white-collar offenders don't indulge in excessive vice or engage in any other illicit activity.
A number of true accounts of telemarketing and white-collar crime illustrate the pitfalls of these industries. Despite the alleged dangers, these crimes are often misunderstood and rarely receive the attention they deserve. While the statistics surrounding these industries are increasing, they often do not reflect the true extent of their harm. As a result, victims of these scams remain unrecognized and under-recognized.
The Justice Department reported last month that there were 337 new white-collar crime prosecutions in January, a historic low. Federal prosecutors use the magistrate filing date to determine the date a case went to federal court. This gives an earlier indication of actual trends than the data reported by the FBI, which is the most widely-used white-collar crime reporting system. A superimposed line plots the six-month moving average of cases.
The lack of public awareness about these crimes may be a factor in why victims are reluctant to report incidents. Because the losses may be less, targeted populations are unlikely to report the incidents. As a result, these scams have high costs, both socially and individually. To combat this problem, the Federal Trade Commission teamed up with 15 states to pursue fraudsters. In February alone, over 25 billion robocalls were recorded, and the Stopping Bad RoboCalls Act is undergoing the arduous process of passing through Congress.
Mail fraud refers to the use of the United States Postal Service for fraudulent purposes. This includes the use of false representations and false promises to obtain property or money. In other words, anyone who defrauds an insurer is committing mail fraud. There are many forms of mail fraud, including private carriers, government mail, and wire services. The main goal of mail fraud is to obtain money or property by deceiving an insurer.
One of the most revealing accounts of white-collar crime prosecutions involves the collapse of Enron, which collapsed as a result of deceptive accounting practices. The result was the destruction of jobs and stock value. This case study aims to illustrate the real costs of corporate corruption. The authors of True Accounts of White Collar Crime: Mail Fraud also discuss the failure of the government to hold powerful executives accountable for their actions.
A true account of a white-collar crime is a riveting read for people who are interested in mail fraud. Mail fraud is one of the most common forms of fraud, and it is especially common among those who have a financial interest in the goods or services the mails carry. True Accounts of White Collar Crime: Mail Fraud - a Guide to the Most Common Types of White-Collar Crime