White Collar Crime
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Discuss your stance on the ethical issues at stake in corporate white collar crime. Justify your position by applying concepts from your research and text.
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Solution Summary
White collar criminals are often affluent persons in society who lie, cheat, and steal in a sophisticated manner for self profit. Often, millions of dollars are stolen by these perpetrators in their quest to get rich quickly by taking from others.
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White collar crime is defined by the FBI as a range of fraudulent acts involving lying, cheating, and stealing which is committed by business and government professionals. White collar crime is not victimless as it destroys companies, devastates families and costs investors billions (http://www.fbi.gov/). It also includes but is not limited to the following: embezzlement, false advertising, bribery, unfair competition, tax evasion, and unfair labor practices. The demise of Enron, Tyco, Global Crossing, and Worldcom are examples of companies that have caused public regard for businesses and their leaders to new lows due to unethical practices (Tichy and McGill, 2003). The aim of this paper is to describe and justify my stance on ethical issues at stake in corporal white collar crime.
White collar criminals are often affluent persons in society who lie, cheat, and steal in a sophisticated manner for self profit. Often, millions of dollars are stolen by these perpetrators in their quest to get rich quickly by taking from others. According to http://www.fbi.gov white collar crime costs the United States over $300 billion a year in legal and economic repair costs. Punishment meted out to white collar criminals are not as harsh as what may be given to a person who commits murder, but sometimes the effect is the same because victims often times ...
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