In: Accounting
Solution:
Edwin H. Sutherland, a criminologist, coined the phrase “white collar crime.” What did he mean by this term? How has the meaning of this phrase changed over time?
Answer: The term “white collar crime” by Edwin H. Sutherland, a criminologist is a phase that use to describe the criminal acts of corporates and individuals who are acting in their capacity. These phase is generally used to explain the nature of the crime that perform by the corporate and individual. This is the miss utilization of the power and use for the own interest. It may cause the financial distress and other negative consequences on the financial affairs and the position of the business. The term or phase has been changed over the time. This term has come to encompass almost any financial crime and economic crime. The term has been used from mailroom to boardroom. So importance of this term is increased day by day and it becomes more popular in the criminology.
References:
Akers, R. (2017). Social learning and social structure: A general theory of crime and deviance. Routledge.
Benson, M. L., & Simpson, S. S. (2014). Understanding white-collar crime: An opportunity perspective. Routledge.