Financial Fraud Essay

6074 Words25 Pages
Contents. Introduction………………………………………………….…………………....3 Chapter 1. Types of financial fraud…………...………………….……………….4 1. Larceny…………………………………………………….……………4 1.2 Bad checks……………………………………………….…………..….5 1.3 Credit card theft………………………………………………….…..….6 1.4 False pretenses/fraud……………………………………………………6 1.5 Embezzlement………………………………………………………..…7 Chapter 2. White-collar and organized crime…..……………………………….…9 2.1 Types of white-collar crime……………………….…………………...10 2.2 Stings and swidles………………………………………….…………..10 2.3 Chiseling……………………………………………………………….12 2.4 Exploitation……………………………………………………….……16 2.5 Bribery………………………………………………………………….18 2.6 Embezzlement and employee fraud……………………………………24 2.7 Client fraud…………………………………………………………….26 2.8 Corporate crime………………………………………………………..29 Vocabulary………………………………………………………………………..30 Bibliography………………………………………………………………………43 As a group, economic crimes can be defined as acts in violation of the criminal law designed to bring financial reward to an offender. In U.S. society, the range and scope of criminal activity motivated by financial gain is tremendous: Self-report studies show that property crime among the young of every social class is widespread; national surveys of criminal behavior indicate that almost 30 million personal and household thefts occur annually; corporate and other white-collar crimes are accepted as commonplace; and political scandals ranging from Watergate to Whitewater indicate that even high government officials can be suspected of criminal acts. Whereas average citizens may be puzzled and enraged by violent crimes, believing them to be both senseless and cruel, they often view economic crimes with a great deal more ambivalence. While it is true that society generally disapproves of crimes involving theft and
Open Document