This paper looks at the economic effects of criminal activity in the United States.
Written in 2008; 769 words; 3 sources; APA; $ 27.95
Paper Summary:
This paper discusses the direct and indirect costs of criminal activity. The paper first explains that the direct economic impacts of criminal activity are those born by its victims, represented by the material value of stolen property, and the cost of repairing the physical
damage or destruction of property caused by the methods used to effectuate the crime. The paper then explains that the indirect economic impacts of criminal activity are those born by private
entities, necessary to prevent and insure against crime, as well as the those born by society collectively, to prevent and deter criminal activity, and to apprehend, prosecute, and incarcerate criminal perpetrators. Next, the paper takes a closer look at specific types of criminal activity and economic effects on society. The paper discusses that criminal enterprises and conduct vary substantially, ranging from low-level, "street" crimes against persons, primarily for the tangible property in their possession, to sophisticated, "white collar" crimes perpetrated against large corporations or even against entire industries.
Outline:
Introduction
Street Crime and Property Crime
White Collar Crime, Organized Crime, and Abuse of Public Assistance Programs
Computer Crime and Identity Theft
From the Paper:
"White collar crime encompasses a wide variety of fraud and related criminal enterprises perpetrated against individuals as well as against corporations. It includes banking and investment fraud, insurance and mortgage fraud, corporate and public corruption, money laundering, as well as the abuse of public assistance and medical care funding programs.
"In total, it is impossible to quantify the precise economic costs of white collar crime, but it is certainly in the hundreds of billions of dollars, representing direct monetary losses as well as the cost of developing, implementing and maintaining security programs and procedures to prevent future and recurrent crimes of this nature."
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