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In: Accounting

make the following data plagiarism free..(phrase it): - Advocates of the concept of white-collar crime have...

make the following data plagiarism free..(phrase it):
- Advocates of the concept of white-collar crime have failed to make the case for its scientific value. Steffensmeier’s efforts to save the concept further support our view that it is flawed and misleading. His efforts support our contention that the correlates of white-collar crime are the same as the correlates of crime, that the age distribution of offending is the same for white-collar crimes as for other crimes, that official statistics have sufficient validity for many etiological purposes, and that the search for a general theory of crime holds great promise for criminology.
Typical white-collar crimes could include wage theft, fraud, bribery, Ponzi schemes, insider trading, labor racketeering, embezzlement, cybercrime, copyright infringement, money laundering, identity theft, and forgery.
The theories include rational choice theory, social learning theory (SLT), a general theory of crime, general strain theory, and subcultural theory. The detection of white-collar crime can arise from a tip-off from a whistleblower or as official information if the police or an economic crime prosecutor performs a search locally. Whistleblowers in many cases alert journalists to serious crime and are sometimes the true detectors, not the journalists or media. White collar crime has such a high financial impact on business and society that it becomes far more widespread. When a company shuts down due to a criminal act, there are jobs lost at all levels, as well as investors who lose money, upset consumers, and years' worth of litigation involved.

Solutions

Expert Solution

White collar crime's concept advocates fails to win the case for its scientific value. The efforts of Steffensmeier to save the whit collars concept directs towards the conclusion that the concept is flawing and misleading , in other words the relation between the whit collar crime and crime corelates that means,

a) age distribution of offending is same for both white collar crime and other crimes.

b) For etiological purposes, official statitics have sufficient validity.

c) For criminology purposes, general theory of crime holds great promises.

White collar crime includes, wage theft, fraud, bribery, Ponzi schemes, insider trading, labor racketeering, embezzlement, cybercrime, copyright infringement, money laundering, identity theft, and forgery. These crimes can be detected by using whistle bower approach or from official information passsed by police after investigation. Whistle blowers sometimes are true detector or sometimes not, in many cases they pass information to journalists and alert them.

white collar crimes are such a serious crime that it may have huge impact in fiancials of company or society. In case a company shuts down due to criminal activity, it affects many including employess who will lose thier jobs, shareholder , investors who will lose thier fundings and also break trust of customers.




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