Please answer the following questions
1) What is the difference between white-collar crime and conventional crime?
The white collar crime is generally committed by those who have a close relation to the values and attitudes which are associated with a particular society. These people are generally more intelligent and successful and along belong to the class of high social status. Conventional crime on the other hands, involves conducting of crimes which is generally in a direct fashion and which involves physical harm such as beating, theft of property etc. which can be easily figured out and identified.
2) How much in dollars does white collar crime cost society?
The cost involved in white collar crime is much higher and is enough to ruin someone's life. The total cost of white collar crime for the society is around $11 million in one quarter.
3) What role does fraud play in the prosecution of white-collar criminals?
Fraud play a very negative role in the prosecution of white collar criminals , this is because of the fraud , that around 60 percent of the white collar criminals does not get caught as they have a strong network built from fraud which leads to successful escape of the white collar criminals.
4) It is common for a small business owner to engage in white-collar crime?
According to the statistics and general trend, it is a common practise for a person indulged in a small business to have a white collar crime. This is because, a small business person always wishes to earn more, and he/ she overcomes the fear of committing crime in the thought of making high profits.
5) Describe the 21st century professional criminal.
In the 21st century, a professional criminal may be defined as any person who use crime as a day to day part of his life and is indulged in serious criminal activities and someone who is having a certain degree of status among other criminals.
6) What role does greed play with respect to the white-collar crime?
The greed play the most important role in enchanting white collar crime. This is because greed leads to fear which further leads to confinement and eventually, crime.
7) What areas of study did you find most interesting in our course and why?
The study of different forms and the reasons for the crime was the most interesting part of the course as it tells us about new forms of crime which may be conducted around us and how we need to be aware about the same.