CRJ-322 CRIMINAL MIND DISCUSSION 4

RESPONSE TO CO-STUDENT

I agree with your post that the offenses done are committed by middle class and higher end people that are in occupational positions with opportunity to carry out the schemes of deceit and manipulation. Fraud is indeed the element with deception and stealth the proportional part of high class thievery. If noticed fraud should be reported.

I disagree with the cost because societal costs are extremely complex and its intricacies are buried beneath the interrelational interactions of people and society functions that help keep society structured. Therefore, the costs can be more than financial due to interference with psychological value and increased abnormal behavior that cause aberration on expectancy.

Thank you.

Felicia

RESPONSE TO CO-STUDENT

I agree that a white collar crime is an offense committed by business professionals or even by a governmental official. Even though financial gains are a motivator it is not always because of financial hardship. Further the steps involving any crime has a strategy and when it comes to white collar the elaborate strategy is what makes it a true crime because of deliberate intent and strategic planning to accomplish a goal. But with all crimes someone slips up and then it becomes a folly.

Also, the cost of white collar crimes is staggering to the economy and progressive business growth and stableness of society because it makes the populace uneasy when trust is threw away and honor and principles are nothing but a word.

Thank you.

Felicia

"White Collar Crimes Do Hurt"

Search the web for a white-collar crime and suggest at LEAST ONE key element that identifies this crime as a white-collar crimes. Next, determine one federal criminal statute that government agencies commonly use to convict white-collar criminals.

Money Laundering

White collar crimes are significantly different from ordinary crimes and one of the key element that identifies money laundering as one is that these schemes are done by individuals who have respectability and high standing.

These crimes are done throughout each class system and regions and are extensive. Also, these criminals are not necessarily need but are professional people, businessmen and politicians m. Since money laundering is done as a complement to financial activities that are usually affiliated with legitimate agencies the act in itself is concealed or shielded by the influx of monies into organizations that have a dubious origin.

A true complexity is the discovering of the crime in itself and then the source because of means of “placement”, “layering” which involves the making of financial transactions to camouflage the illegal source and lastly “integration” which involves the acquiring wealth from illicit funds. Because it is a federal crime the government and U.S. Supreme Court acts to convict and sentence white collar criminals under Section 1956 of Title 18 of the United States Code to control the transfer amounts of money. Further the Money Laundering Control Act of 1986 (MLCA), 18 U.S.C.A. § § 1956 et seq assists when there is an aberration this sends a flag up to investigate the flow and change of money through financial institutes.

Review three (3) types of costs (i.e., financial, physical, and social) that result from white-collar crime. Next, debate which costs you believe result in the greatest loss to society. Provide support for your response.

Three types of costs that affect the consequences of white collar crimes are serious and broad and may affect a company or corporation when it is unable to survive due to an influx of illicit funds, selling of false securities represent misrepresentation and thereby also threaten a company or corporation. In the physical state these crimes are affective depending on the type of white collar crime committed which could cause a complete shutdown of a bank and severe lost to customers and possible repossession of property and eventual bankruptcy. Lastly, the societal consequences are related to lack of trust, no credibility, eventual lack of cohesiveness and structural demise.

The greatest loss to society is the lack of trust, honor and a principled populace due to a fixation on material gain with no regard or loyalty for economy, people or country. Further with the rates of emulation comes the sad loss of relational trust and eventual decay and breakdown of structural guidelines and safety.

Thank you.

Felicia

White-Collar Crime. (2016, May 03). Retrieved July 25, 2017, from https://www.fbi.gov/investigate/white-collar-crime
The Three Degrees of Money Laundering in Arizona. (n.d.). Retrieved July 25, 2017, from http://azwhitecollarcrime.com/blog/money-laundering-in-arizona/