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What is a good response to the information below? Opinion on it.... Business Related Crime or White Collar Crime is defined as any type of

What is a good response to the information below?

Opinion on it....

Business Related Crime or White Collar Crime is defined as any type of illegal conduct is committed in a business setting. The term white collar implies that most of these kinds of felonies are committed by non-physical means as opposed through the use of force. Thus, white collar crimes typically involve such illegal methods as deceit, trickery, fraud, or guile to obtain money gains or property interests. White collar crime is steadily increasing, thanks to advancing technology in our society, which relies on the increased use of cellular phones and computers to access personal and financial information. The National White Collar Crime Center (NW3C), a nonprofit agency that supports state and local police in their efforts to stop, investigate and prosecute economic and high-tech crime, reports that while arrests for violent crimes have reduced in recent years, arrests for white collar crimes - especially fraud and embezzlement - have increased.

Examples of white collar crimes include:

  • Bank Fraud:To engage in an act or pattern of activity where the purpose is to defraud a bank of funds.
  • Blackmail:A demand for money or other consideration under threat to do bodily harm, to injure property, to accuse of a crime, or to expose secrets.
  • Bribery:When money, goods, services, information or anything else of value is offered with intent to influence the actions, opinions, or decisions of the taker. You may be charged with bribery whether you offer the bribe or accept it.
  • Cellular Phone Fraud:The unauthorized use, tampering, or manipulation of a cellular phone or service. This can be accomplished by either use of a stolen phone,or where an actor signs up for service under false identification or where the actor clones a valid electronic serial number (ESN) by using an ESN reader and reprograms another cellular phone with a valid ESN number.
  • Computer fraud:Where computer hackers steal information sources contained on computers such as: bank information, credit cards, and proprietary information.

Other Examples include: credit card fraud, counterfeiting, embezzlement, identity fraud, insider trading, insurance fraud, kickbacks, money laundering, obstruction of justice, perjury and price fixing.

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