White Collar Crime in Public Officials
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This paper explores what determines a white-collar crime, and why illegal political contributions are becoming more commonly seen as fraud. The paper addresses the growing tendency towards political corruption and fraudulent losses in the democratic process, which is the result of 'buying' one's way to office.
From the Paper:"In current times, there has been a rising concern about the nature of illegal contributions to political campaigns in the United States. The facts that point to major corporations that give money to their own political candidates is clearly an ethical violation of democratic principles. Not only is this unethical, but also forms the cusp of the current definitions of white-collar crime that goes on behind the political scenes. In this manner, we can present some examples of why "this new form of corruption is rising in America." (Tillman 382) By creating these examples, we can show how this deforms the prospects of American democracy by placing money over the influence of popular elections.
"One fraudulent way that corporations can illegally support their own political agendas come in the form of 'third' party' donations. This is a kind of money laundering that occurs to keep the source of money concealed. In popular view of the current laws on this form of campaign financing, this forms a very illegal plan of illegal contribution. Making a campaign contribution to an elected official (or to a campaign committee, PAC, or political party) through one or more third parties -- as a device for disguising the source of a contribution and getting around contribution limits. For example, during 1989-1991, the Evergreen America Corp. funneled illegal campaign contributions totaling $172,000 to local and state officials in California in the form of $500 checks from dozens of Evergreen employees, friends, and relatives whom the corporation had secretly reimbursed. By doing this, they covered up the original sourcing of the money, by making it look like donations from the individual employees at the company. This is a common way that corporations can leak money through legal channels without being caught or legally prosecuted."
Cite this Term Paper:
White Collar Crime in Public Officials (2003, October 26) Retrieved April 20, 2021, from https://www.academon.com/term-paper/white-collar-crime-in-public-officials-42576/
"White Collar Crime in Public Officials" 26 October 2003. Web. 20 April. 2021. <https://www.academon.com/term-paper/white-collar-crime-in-public-officials-42576/>