White Collar Crimes & Corporate Liability
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Define white collar crimes and the evolution of corporate liability. What are some problems with punishing corporations?
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Solution Summary
This solution defines white collar crimes and the evolution of corporate liability, as well as some problems with punishing corporations. This solution is approximately 500 words.
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RESPONSE:
1. Define white collar crimes and the evolution of corporate liability.
From the business dictionary, white color crime is defined as:
"Cheating, fraud, and commercial offenses committed by administrative or managerial employees, business persons, professionals, or public officials" (http://www.businessdictionary.com/definition/white-collar-crime.html).
The evolution of corporate liability is a long one, and "under the prevailing legal rule in federal court and in most states, corporations can be held criminally responsible for any act committed by an employee as long as that act is committed within the scope of employment and with some intent to benefit the employer" (http://www.nacdl.org/public.nsf/whitecollar/WCnews138/$FILE/Reforming_Liability.pdf). Presently, under the federal legal system, this rule derives from the common law-however, no generally applicable criminal statute exist that embody this ...
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