CRM 1300 Lecture Notes - Lecture 7: Edwin Sutherland, Financial Crimes, False Advertising
13 Apr 2020
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Document Summary
Some enterprises include both white collar and organized crime. 2011, small businesses in canada lost . 2 billion to workplace fraud. In 2015, over 2. 9 million nonfatal workplace injuries. Wcc involved conspiracies by wealthy to use position in commerce, industry for personal gain without regard to the law. Cost of wcc likely several times greater than all crimes viewed as crime problems . Wcc offences breed distrust in economic, social institutions. Includes middle-income earners, corporate execs (e. g. , income-tax evasion, credit card fraud, soliciting bribes, embezzlement) Corporate crimes - e. g. , antitrust violations, price fixing, false advertising. Criminal conspiracy designed to improve profitability of corporation. 30% of companies reported being a victim of n economic crime in previous year. In over half of cases, losses > ,000. 17% canadia ages 50 + believe they victim to investment fraud, 30% of active investors believe the same. Wcc can also damage property and kill. Types of white-collar crime: strings and swindles.
