White Collar Crime

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White Collar Crime
White collar crime is committed by privileged individuals who are motivated by financial gain. Besides, these people usually occupy commanding positions that enable them to perpetuate and conceal crimes. Some wrongdoings that can be considered as white collar crime include check forgeries and foreclosure fraud. Therefore, this form of felony is a significant threat to the economic stability of a nation. There is a need for the culprits of this crime to be imprisoned to serve as a lesson to others; this will discourage new crimes.
White collar crime is a nonviolent financial crime and is committed by people from the business world (Benson & French 13). This crime involves crooked business methods and may be undertaken using the internet, computers, and investment banking. Despite the non-violent nature of these crimes, they contribute to losses that are paid by taxpayers. Furthermore, white collar crime changes with time making it hard for law enforcement officers to detect them. Thus, it is vital to keep criminal detection systems updated to curb this crime.
White collar crime is considered to be a crime of trust since the success of the offense is determined by the concealment of the perpetrator rather than the wrongdoing itself. The felonies that fall into this category are more common in the society and cause substantial social harm (Scott & Robert 366). Several theories are used to explain white-collar crime. Precisely, social control theory attempts to explain the inclinations towards this crime.

However, no theory can single-handedly describe the causes of this financial crime due to its dynamic nature adequately.
The law governing punishment for the perpetrators of white collar jobs has not been adequately implemented. As a result, none of these criminals has been successfully prosecuted. It is essential to have reforms to ensure that such offenders get stiff punishments for causing harm to the society (Daniel 390). Again, there is need to encourage restorative behavior through mitigating prison sentence by persuading criminals to repay their victims voluntarily. This would minimize the societal impact caused by the white-collar crime.
Works Cited
Benson, Michael, and John L. French. White-collar Crime. New York, NY: Chelsea House, 2008.
Daniel, Faichney. “Autocorrect? A Proposal to Encourage Voluntary Restitution through the White-Collar Sentencing Calculus.” The Journal of Criminal Law and Criminology (104), no. 2, 2014, p. 389-430.
Scott, Menard and Morris Robert G. “Integrated Theory and Crimes of Trust.” Journal of Quantitative Criminology, no. 2, 2012, p. 365-387.