What Are White Collar Crimes?
White collar crimes are a full range of fraud crimes and is mostly used for financial gain (Find Law 2017). The most common types of white collar crimes that is common is fraud, embezzlement, tax evasion, and laundering (Find Law 2017). Political crime is crimes that injure the state, state government, and the political system (The Lectric Library 2017). Some of example of political crimes are treason, and terrorism (The Lectric Library 2017). Organized crime is crimes in distinct categories that are transnational, national, or local grouping where criminals commit illegal; activities for money, and profits in their business. Organized crimes are serious and violate human rights, and sometimes threatens peace, and human security (United Nation
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He was the former life guard, sprinkler installer, and chairman of NASDAQ (The Madoff Affair 2008). Bernie was sentenced to 150 years in prison for one of the biggest most fraudulent schemes (Business Insider 2014). He was charged with multiple counts of fraud, money laundering, theft, and perjury. Bernie manipulated numerous investors into handing over their earnings, and then guaranteeing them a profit in return of their investment. He conned all his investors out of almost $65 million dollars (Business Insider 2014). Madoff used a Ponzi scheme that enticed investor in, by promising them a higher advancement return (Business Insider 2014). The name Ponzi was originated from Charles Ponzi that promised business half of their investments back in three months. This is a white-collar example that is affiliated with fraud. The victim in this case was the investors that was investing their money. An example of a political crime is the Jesse Jackson Jr. case. Jesse Jackson Jr. used campaign money to buy personal items (The New York Times 2013). Jessie spent $750,000 of campaign money for living expenses, and to buy things like toys animals, fur, etc. (The New York Times 2013). The victims in this case is the citizens, and this is because their money was taking that was invested money towards the campaign, and used for other items. An example of an organized crime …show more content…
The white-collar crime the case against Bernie Madoff encounter the severest punishment in regard to each of the other crimes. Bernie was sentence to a 150 year in prison (Business Insider 2014). He was also force to pay billions of that money back to the businesses, but he only had a few million of that money left to return (Business Insider 2014). The political crime case, that involve Jessie Jackson Jr. consist of imprisonment time to. Jesse received 46 to 57 month in prison for using campaign money (The New York Times 2013). Jackson served federal prison time (The New York Times 2013). El Chapo case, a criminal that was involved in one the biggest drug trafficking case being encountered was sentenced to a minimum of life in federal prison (The New York Times 2017). Each of the punishment were
He was the former life guard, sprinkler installer, and chairman of NASDAQ (The Madoff Affair 2008). Bernie was sentenced to 150 years in prison for one of the biggest most fraudulent schemes (Business Insider 2014). He was charged with multiple counts of fraud, money laundering, theft, and perjury. Bernie manipulated numerous investors into handing over their earnings, and then guaranteeing them a profit in return of their investment. He conned all his investors out of almost $65 million dollars (Business Insider 2014). Madoff used a Ponzi scheme that enticed investor in, by promising them a higher advancement return (Business Insider 2014). The name Ponzi was originated from Charles Ponzi that promised business half of their investments back in three months. This is a white-collar example that is affiliated with fraud. The victim in this case was the investors that was investing their money. An example of a political crime is the Jesse Jackson Jr. case. Jesse Jackson Jr. used campaign money to buy personal items (The New York Times 2013). Jessie spent $750,000 of campaign money for living expenses, and to buy things like toys animals, fur, etc. (The New York Times 2013). The victims in this case is the citizens, and this is because their money was taking that was invested money towards the campaign, and used for other items. An example of an organized crime …show more content…
The white-collar crime the case against Bernie Madoff encounter the severest punishment in regard to each of the other crimes. Bernie was sentence to a 150 year in prison (Business Insider 2014). He was also force to pay billions of that money back to the businesses, but he only had a few million of that money left to return (Business Insider 2014). The political crime case, that involve Jessie Jackson Jr. consist of imprisonment time to. Jesse received 46 to 57 month in prison for using campaign money (The New York Times 2013). Jackson served federal prison time (The New York Times 2013). El Chapo case, a criminal that was involved in one the biggest drug trafficking case being encountered was sentenced to a minimum of life in federal prison (The New York Times 2017). Each of the punishment were