29 Aug 2022

88

The Business of White Collar Crime

Format: APA

Academic level: College

Paper type: Essay (Any Type)

Words: 298

Pages: 1

Downloads: 0

The blue-collar criminals are born out of social and turbulent economic times which rose out of the great depression and the turbulent financial times that the hands of their rulers and the changing trade and the employment status. 

The majority of the persons convicted for the blue-collar crimes are poor persons who can hardly defend themselves. They may not even be able to procure an attorney to argue their cases on their behalf. 

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The majority of the convicts for the white-collar crimes, according to the video are relatively wealthy people who can comfortably buy their way through the justice system and walk scot-free. 

The working-class easily get away with crimes because they can afford to easily defend themselves against the prosecutions by compromising the detectives or by hiring experienced attorneys to argue their cases convincingly. 

The entire trust laws that occurred in the 1920 and the social welfare laws that were affected in the during the great depression were aimed at litigating and making it easy to argue for the blue-collar criminals convicted of crimes. 

The fact that white-collar criminals were held in high esteem, the society turned a blind eye to the crimes they committed and thus got away with plenty of their crimes. 

The white collar-criminals were able to hack the law and readjust it to fit their interest before enacting the stringent rules that would definitely limit their massive financial frauds. 

The banks and financial institutions that benefitted through the watering down o the bills and the laws by the various legislatures, in turn, rewarded them with appointments into the offices of prominence as a way of thanking them for defending their criminal activities. 

The low media-over sighting of the white-collar crimes has led to the insurgency in the criminal numbers over the years. 

The government was unable to punish the white-collar criminals since their financial success was seen to help the government from economically and increase its financial prominence. 

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StudyBounty. (2023, September 15). The Business of White Collar Crime.
https://studybounty.com/the-business-of-white-collar-crime-essay

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