White Collar Crime

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National Legal Essay / Legal Article Competition 2011 Topic: White Collar Crime Title of the Essay: White collar crime and its changing dimensions Author: Kiran Kachhwaha I year - B.A. LL.B. (Hons.) 5 years Integrated Course, Chanakya National Law University, Patna Enrollment No.: 2011 B.A. LL.B. 308 DOB: August 27, 1992 Email-Id: kachhawahakiran@yahoo.in Contact No.: 09571204831,08294468951 Word Count: Abstract – 400 words Essay – 3111 words ABSTRACT White collar crime advert to that category of crime that tends to be committed by professionals. Securities Fraud, Insider Trading, Bank Fraud, Tax Fraud, and Money Laundering are all examples of white-collar crime. In the field of criminology, white-collar crime has been defined by Edwin Sutherland as "a crime committed by a person of respectability and high social status in the course of his occupation" (1939). For some, it is not viewed as a crime at all, because of its non-violent nature. Violent crime has an immediate and apparent impact on its victim which raises the fury of the public, while white collar crime recurrently goes concealed or is viewed as a meandering of the rules. Yet it can create the greater mayhem. The victim of an assault will recover, however, the impact of a fraud can last a lifetime. This is especially true when the elderly are victimized, as they have little or no anticipation of re-establishing themselves in financial terms. Conversely to the popular belief, White Collar criminals are thieves and the methods used to conceal their offenses are both artful and ingenious. Concealment of the crime is always an purpose or an intent of the offender, and it becomes an element of the crime itself. Because it is an artful form of deceit which is dexterously
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