Legislation in White Collar Crimes
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In this paper, the use of RICO (Racketeer Influenced and Corrupt Organizations) to help reduce organized crime in major United States cities was a useful tool for government officials to stave off violence and issues surrounding this kind of crime. The paper examines how, when it was created in 1970, it formed a legal basis to define organized crime, and was made to be used in this manner.
From the Paper:"The legal apparatus that defines illegal nonviolent crimes is wide and far-reaching within the legislation of the United States. Although many crimes that relate to the streets are publicized, there are certainly strong legal penalties for those that choose to participate in white-collar crime. Deception through fraud, money laundering, and other white-collar crimes are punishable through the problematic issues of anti-trust violations that limit price fixing and monopolies in the corporate sector. For instance, if a white-collar criminal sought to defraud someone though a credit card scam, they would be liable for punishment through 18 U.S.C. 1029, Fraud and Related Activity in Connection with Access Devices (Legal Information Institute). In this manner, it becomes clear that various laws, such as the one mentioned above, are applicable for long prison terms."
Cite this Essay:
Legislation in White Collar Crimes (2005, December 01) Retrieved August 22, 2019, from https://www.academon.com/essay/legislation-in-white-collar-crimes-86622/
"Legislation in White Collar Crimes " 01 December 2005. Web. 22 August. 2019. <https://www.academon.com/essay/legislation-in-white-collar-crimes-86622/>