CRIM 205 Chapter Notes - Chapter 7: Mens Rea, Accounting Scandals, Hamlet, North Carolina
10 Sep 2017
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Chapter 7: corporate crime and higher immorality pp. Myth of crime and criminal justice, for the most part, revolve around 2 central ideas: there is a criminal act or behaviour, massive law enforcement response to the behaviour in question. In taking these steps we frequently overreact and make the problem we are trying to solve much worse than it originally was. This myth downplays the importance of criminal behaviour and justifies a policy of lax enforcement. This myth mitigates responsibility and excuses misconduct. It protects those with political and economic power. The ucr estimated losses from street crime at . 6 billion in 2002; enron alone cost investors, pensioners, employees an estimated billion. White-collar and corporate crimes cost the u. s. hundred of billions of dollars annually. The very conservative estimate of economic costs from corporate crime as to billion a year is roughly 30x the cost of street crime.
