White Collar Crime

Essay # 62790

Criminology
Criminology > Public and Crime
Law > Business
Law > Criminal

White Collar Crime

Discusses many examples and statistics of white collar crime in the United States.

1,962 words () | 7 sources | MLA | 2005 United States

Paper Summary:

This paper presents examples of white collar crime in the US such as the Enron scandal and Dennis Levine, as well as many less-known incidents. Contained in the paper are descriptions of studies done on the subject and includes discussion on the founder of the National White Collar Crime Center, Edwin Sutherland, who also coined the term "white collar crime." The paper includes statistics on the effects of, loss from, punishment for, and incidents of white collar crime in several different areas. It also includes many citations and explanations on the type of punishment received by white collar criminals.

From the Paper:

"Two other large names associated with white collar and corporate crime are Dennis Levine and Michael Milken. They were involved in the notorious insider trading scandal of the 1980's. As executives of the Wall Street firm Drexel Burnham Lambert, Levine and Milken had access to information about company mergers and future changes in stock prices before it was released to the public. Trading on this information is highly advantageous, but illegal. After agreeing to a plea bargain, Levine served a two-year sentence at a minimum security prison and paid $11.6 million in restitution and fines, although in his book Inside Out, Levine contests that his profits were only $10.6 million."