Types of White-Collar Crime
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For this assignment, you are going to become a white-collar criminal! Using the proper terminology, write a 4- to 5-page report in Microsoft Word describing how you would orchestrate one of the following types of white-collar crimes:
•Bait and switch
•Telemarketing fraud
•Ponzi scheme
•Charity-based fraud
Your report should clearly demonstrate your understanding of the type of crime you have chosen. Be sure to complete the assigned reading. Your report should cover the following points:
•Define and describe each of the four types of white-collar crime listed above.
•Select one type and describe what your goals would be if you were to engage in this crime.
•Provide detailed descriptions of the methods you will use to carry out the crime.
•Mention who your victims will be, why you selected these victims, and how you will approach them.
•Identify which law enforcement agency or agencies would have responsibility for investigating your crime, and describe the challenges they will face in doing so.
Support your responses with examples.
Cite any sources in APA format.
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Solution Summary
This solution explains how a white collar crime is executed from the perspective of the criminal. The sources used are also included in the solution.
Solution Preview
In accordance with BrainMass standards this is not a hand in ready report but is only background help.
Step 1
The Bait and switch is a crime when expensive goods are advertized for a bargain, the purpose being to substitute inferior goods for the expensive goods. The advertising is expensive products for cheap. When the customers visit the store he finds that the goods are cheap and not expensive. The customer is enticed with an advertisement of a cheap item only he finds that the offering is a cheap item at low price.
In a telemarketing fraud the caller over telephone makes a false statement and induces the victim to give him money. Telemarketing means the perpetrator misleads the victim through telephone. Typically an unknown caller phones and asks for personal and financial information.
A Ponzi scheme is an investment operation where the criminal pays returns to the investor from new capital raised by the criminal rather than from profit earned. A Ponzi scheme is an investing scam that promises high rates of return with little risk to investors (a). This scheme normally continues till there are more new investors.
a charity fraud asks the victim to make a donation to a group of people or a particular cause. The donation fraud plays on the sympathies of the victim by asking her to make a donation to worthy cause. The charity does not exist or misuses the name of a genuine charity and steals the money.
Step 2
The one type of scheme selected is the Ponzi scheme. My goals would be if I were to engage in this crime to get as many people to invest in my scheme as possible. My goal would be pay returns to investors from new capital ...
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