Free Paper Example on White-Collar Crime

Introduction

White-collar crimes are criminal activities that are not characterized by violence or extreme physical force; instead, they depend on deceiving, seclusion, or a breach of trust. These cases and their statistics in the United States are available in the Department of Justice. The Transactional Records Access Clearinghouse (TRAC) is mandated to summarize a report on the efforts the governments are undertaking in fighting white-collar crimes. In addition to this, it documents the number of white-collar cases filed in the Magistrate and District Courts, the agencies that investigated the circumstances, the code that was cited, the federal districts, and federal judges the busiest.

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There are several trends in the information analyzed case by case by TRAC, which include the following: There was a decrease of 14.6 percent in the number of white-collar crime convictions in August compared to July. There was a decrease of 48 percent in the number of white-collar crime convictions cases in August 2020 compared to August 2019. There was also a decline in the convictions by 59.3 percent over the past year compared to the cases reported five years ago.

Aggravated Identity Thef

The most frequent lead charges in the U.S. District Courts in the previous month, previous year, and the last five years ago was Fraud by wire, radio, or television.

Conspiracy to Commit an Offense recorded a 78.5 percent decline in the number of convictions than the last five years. In August, Miami, a District in the Southern part of Florida, recorded the highest number of white-collar conviction crimes. Martin Karl Reidinger was ranked 1st with convictions as a judge in the Western District of North Carolina (Asheville).

The Federal Bureau of Investigation ranked as the leading Investigating Agency for white-collar crimes, shows that people in the U.S. have been made aware of the crimes and where they could call for assistance. On the same note, this has proved that the Agency knows these individuals' concealment works to hide the evidence from the policymakers.

Several reasons explain why white-collar crimes are still in existence for over the last two decades. These include the complexity in their transactions, and the sophisticated means used by these malefactors make it difficult to prosecute them. A variance that cannot be defined adds to these crimes because the data available cannot be compared to other data.

Number of Conviction

However, there has been a decline in the number of conviction of white-collar crimes over the past due to whistleblowing of the crimes, penalties, and regulations instilled on the criminals, the RCO (Responsible Corporate Officer Doctrine) doctrine, the defenses, and the Public Fraud: Stolen Valor Act. All these measures imposed on the offenders created awareness of any American citizen who attempted a white collar crime on another citizen. Apart from the criteria, the government took the initiative to educate its citizens on such crimes and identify them, including where one can get help.

Criminology and Criminal Justice, a research encyclopedia by Oxford University, address white-collar crimes. It highlights that white-collar crimes can exploit a massive number of individuals frequently, with only one act in many scenarios. The estimated loss in monetary value to employees and shareholders and other individuals in the society in the current analysis from white-collar crimes is approximated to be between $300 and $600 billion per annum (Stewart, 2015). The article also outlines the sector most consistently affected by white-collar crime is health care and insurance fraud. "Traditional forms" of white-collar crimes that have been evident in recent years included intellectual property crime, fraud on one’s mortgage, and abuse of elders' finance.

Committing a white-collar crime requires a significant amount of knowledge and an outstanding amount of technical skills. Our society can provide all these skills due to the increase in literacy rates, computers, and accomplishments in education (Ryan and Bauman, 2016).

Conclusion

Since white-collar crimes do not have a universal definition, an approximation of the extent of the white-collar crimes becomes a problem. The issue of even realization earlier when one is the victim poses another great challenge. Public awareness and encouraging those victimized to report the cases to the police and agencies to provide data to those who study white-collar crime are the critical solutions to combating these crimes.

Reference

Cliff, G., & Wall-Parker, A. (2017). Statistical analysis of white-collar crime. In Oxford Research Encyclopedia of Criminology and Criminal Justice.