White Collar Crime and Its Effects on Consumers
September 9th 2011 Posted at General
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Have you opened a medical statement recently and had too many charges on it? Were you charged for examinations that you did not need? Or were the charges from a doctors office you did not use? You may have been a victim of a white collar crime! It can happen to anyone! White Collar Crime is a term that was defined by Edwin Southerland, Sociologist of criminology. The term is identifying those illegal non-violent activities that involve traditional notions of deceit, deception, concealment, manipulation, breach of trust or illegal circumvention. These crimes have been known to be committed by business professional and government agents. Today it is known that white collar crime can be committed by anyone, from many different backgrounds; whether it is race, gender, education or social status. White collar crimes include: anti-trust law violations, bankruptcy fraud, bribery/kickbacks, computer/internet fraud, counterfeiting, credit card Is He Cheating fraud, embezzlement, environmental law violations, financial crimes, government fraud, health care fraud, identity theft, insider trading, insurance fraud, mail fraud, money laundering, public corruption, qui tam, securities exchange, tax evasion, telemarketing fraud and trade secret theft.Though these crimes are non-violent they have a great affect on corporate companies, consumers and the United States economy. The rise in white collar crime incidents has also contributed to a rise in cost to the nation. The cost of corporate crime to society is many times that of organized crime or street crime. Corporate crime can cost billions of dollars, but because these losses are frequently spread out over so many unaware victims, it usually does not create the original impact as astore robbery that only cost a few hundred dollars. There are various types of white collar crime that increased economic hardship for the average citizen and consumer.