Question

two examples of white collar crime, both international, it should include the nature of the crime (what happened), how you think it could have happened, how it could have been prevented, and how it could have been detected earlier. If your example is from an internet source you should include the URL where you found the example. If you did not use an internet source, you will need to include the complete reference for your source. Any type of white collar crime will serve as an example.

Answer 1

White collar crime is a crime which is done by the people who are respectable or say seen them in the high social status or say government officials or the person who has the power in him within the organization or outside of it.

The real examples are listed here in the following link as per your request.

1.http://www.huffingtonpost.in/devangshu-datta/ramalinga-raju-and-the-in_b_7032688.html

2.http://www.cbc.ca/news/canada/calgary/gary-sorenson-and-milowe-brost-get-12-years-in-prison-for-ponzi-scheme-1.3170551

http://www.criminaljusticeusa.com/blog/2011/10-white-collar-crime-cases-that-made-headlines/

White collar crimes may include,

1. Fraud

2. Bribery

3. Copyright infringement

4. Extortion etc.

Detecting and Prevention of white collar crimes:

1. Continuous calls from the customer to the employee which indicates a chance of bribery taking place by the employee which should be immediately sorted out

2. Transaction of the business which are not completely explained are to be immediately made to explained by the concerned person.

3. Some transactions of the business and behavioral aspects of the employee are untimely i.e some happens in non working hours. These aspects are to be taken care and prevented as early as possible.

4. The employer should explain the consequences of the white collar crimes to the employees in a timely manner

5. Preventing as early as possible before the crime takes place is a major and a difficult thing but should be done as far as possible in order to avoid huge losses to the company in the near future.