White Collar Crime and Organized Crime

Paper Summary:

This paper takes a look at how organized crime is heavily involved in activities that are traditionally considered white collar crimes. The paper also discusses how there are several misconceptions surrounding the concept of what types of criminals are considered white collar. The paper goes on to describe the symbiotic relationship between organized crime and the surrounding society.

From the Paper:

"Perhaps the most worrisome group of organized criminals is composed of the various terrorist organizations that operate within the United States. While they have some of the same goals as other criminal organizations, terrorist groups are not motivated by profit, but by a desire to harm individuals. This makes them more dangerous than other groups of criminals. In addition, terrorist organizations often use traditional means of criminal activity to develop their incomes. Most notably, Al Qaeda's funding has been linked to illegal drugs and weapons distribution."
"Fraud takes a tremendous toll on society each year; millions of people are victimized and billions of dollars lost each year to schemers and hucksters. Furthermore, modern technology has made fraud increasingly possible and profitable. Any person with an e-mail inbox should have an understanding of how pervasive fraud is on the internet. In fact, internet and telephone fraud is a tremendous underground issue, which "victimizes hundreds of thousands of consumers annually and indirectly affects our entire society by causing a loss of confidence in the e-commerce economy of the 21st century." (Morgan and Johnson, 2005). In fact, telecommunications fraud may be the most lucrative white collar criminal enterprise."

Sample of Sources Used:

• Financial Crimes Enforcement Network. (2004). "Annual report." Retrieved April 18, 2006 from Financial Crimes Enforcement Network.Web site: http://www.fincen.gov/fincenannualreport2004.pdf
• Morgan S., and Johnson, J. (2005). "21st century phraud: three jurisdictions' efforts to combattelecommunications fraud." Retrieved April 18, 2006 from American Prosecutors Research Institute. Web site: http://www.ndaa-apri.org/pdf/21st_century_phraud.pdf
• Wikipedia. (2006). "Organized crime." Retrieved April 18, 2006 from Wikipedia.Web site: http://en.wikipedia.org/wiki/Organized_crime

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