Crime and Punishment

What is Crime?

The first definition of economic crime is attributed to note that criminologist Edwin Sutherland. Sutherland is good for the theory of "differential association" known. This theory states that criminal behavior is learned in association with others, rather than an intrinsic feature. Sutherland definition of economic crime is "a crime by a person of high social status and prestige during his famousProfession "(1939).

White collar crimes are often, as a corporate crime. These may include forgery, embezzlement, extortion, identity theft, securities fraud, conspiracy and computer crime, among others.

The Federal Bureau of investigation has its own definition, which is more closely defined as: "These illegal acts characterized by deceit, concealment or abuse of confidence and are characterized not reflect the use or threat of physicalCoercion or violence "(1989)

What are the penalties for White Collar Crime beliefs?

White collar crimes can be prosecuted either the state or federal level, depending on the type of law has been broken. The penalties for these types of different offenses. Sentencing depends on the amount of money involved in fraudulent activities, and there are no fixed rules in determining this amount. Convictions usually result in jail time, fines and restitution to victims ofcrime. Sentences in state courts are generally easier than the maximum penalties for offenses. The average sentence for fraud is 12 months, embezzlement, 9.9 months, corruption, 16.2 months, tax offenses, 16.6 months; fraud antitrust 12.7 months, and money laundering, 46 3 months

If the offense is considered a federal offense mandatory federal penalties come into play. penalties to give federal judges have very limited discretion about1987 largely in response to high profile corporate fraud cases of Enron, World Com and similar conviction in 2002 was worse. The maximum penalty for wire and mail fraud, the most common white-collar offenses was 50-20 years increased considerably. Sentencing Commission statistics indicate that rates of imprisonment for certain offenses is greater than the employees for criminals who use drugs or firearms. Comparing the maximum penalty for voluntary federalManslaughter is ten years.

Controversial penalty for economic crimes

He has a great deal of controversy about the severity of federal sentencing guidelines were mandatory. Congress passed the Sarbanes-Oxley Act of 2002. This legislation provides new or enhanced standards for all boards of the United States, management and auditors, and establish rules for belief conviction. Since it was adopted by Congress and the Supreme Courtwas the question repeatedly tried to define and determine the laws, whether to strengthen or weaken the penalties for conviction. It does not seem as if the controversy to diminish in the near future.

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