White Collar Crime

WK 6 Reply

Q1. Write a reply to this article. (Mai Discussion s articles)

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For this week’s discussion, I am going to incorporate politics and white-collar crimes.

White-collar crimes are crimes that have been committed from a business or large organization standpoint and have influenced the finances of these industries. It doe not necessarily mean that you have committed a crime that involves physical injury, assault, or those involving violence.

Political white collar crimes usually involve someone with a public official status with their actions benefitting only themselves or their party. This may include accepting bribes, may include corruption, extortion, inside trading, and others, again, involving finances and monetary gains (Political White Collar Crime: Definition & Examples).

What are some modern-day and real-life political white collar crimes we’ve seen today?

Although this particular crime was not done terribly recently, the Savings and Loan Scandal of the 1980s is a notorious crime having been done in the U.S.

I have attached the link to further read on this time in history.
https://www.federalreservehistory.org/essays/savings-and-loan-crisis

Q.2 write a Reply to this article. (friends reply to this for main articles) (you need to write with agree or add other than this)

Good choice with White Collar crime. Indeed if you work in business or in government and commit a crime that is large of a financial but non-violent nature, then you have committed a white-collar crime. And no, you did not have to wear a white collar while committing it either. However, many people in politics do wear white collared shirts, and some of them, unfortunately, commit political white-collar crime.

Political white-collar crime is a term that refers to a crime that: is conducted by a public official of some sort. This could mean a politician or some other government official. Is conducted for personal benefit or for the benefit of one’s political party. This could be a financial benefit, like a cash bribe, or it could be for another benefit, like political advantages of one sort or another that have nothing to do with direct financial gain. Is not, by its core nature, dependent on violence to perpetuate. If a politician physically assaults another one to gain a political advantage, then that is not a political white-collar crime. Political white-collar crimes often involve something like Bribes, Corruption, Extortion, Racketeering Insider trading, etc…

Reference

Henning, P. J. (2020, January 14). What to Expect From White-Collar Prosecutions in 2020. Retrieved from https://www.nytimes.com/2020/01/14/business/dealbook/white-collar-crime-2020.html

Q.3 Write a reply (Professor Questions)

In every white-collar crime, there has to be an opportunity. What was the opportunity that was exploited here? For more information on White Collar Crime check on this: https://en.wikipedia.org/wiki/White-collar_crime

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