Corporate and Occupational Crimes and Their Impacts on Society
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Added on 2023/03/20
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This article discusses corporate and occupational crimes, their impacts on society, and the difference between the two. It explores how these crimes affect businesses, the economy, and the community.
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SOCIOLOGY2 1.Article Summary Justice Official Quits over White House Conduct ‘I Would not Tolerate Seeing in a Company’ A high ranked corporate crime expert in the United State Justice Department quit her job. She claimed that it is not possible to hold suspected lawbreakers to standardsthat Trump as the POTUSdoes not personally recognize. Hui Chen, who worked in the fraud unit of DOJ's criminal department as a compliance counsel, broke the news on a post in LinkedIn, published on 25thJune. She stated that it was not easy to sit across from corporative representative and ask for a fundamental behavioral standard which is not implemented in the white house. She claimed that attempting to keep organization to standards which the present administration does not support was like establishing a cognitive dissonance which she could never overcome. Even as she engaged in evaluations and questioning, the different lawsuits pending against the president were always in her mind. Such law suits included the constitutional contravention to conflict of interest, the on-progress investigations of possibly treasonous behaviors and the prosecutors and investigators were fired for their pursuit of facts and principles. She argued that at her personal level she could not tolerate facing such conducts in a company. Yet the administration she worked for concisely engaged in the same behaviors. She opted out since she felt that she could no longer tolerate being part of such corporate crimes.
SOCIOLOGY3 2.Corporate and Occupational Crimes and Their Impacts on Society Occupational Crime Occupational crimes include structure systems abuse in the work environment to accomplish different white-collar crimes(Henry N. Pontell, 2010). Most of them entail access by managers or employees looking for individual gains. It bears a lot of similarities in comparison to organized crime and might include overlaps with elements of organized crimes. In certain instances, occupational offenses are conducted through combined efforts of various individuals rather than a single person. Some of the common crimes of this nature include; embezzlement, securities and stock violation, corruption by government officials, money laundering, altering records, tax evasions, racketeering among others. Corporate Crime Corporate crimes are seen as overall classifications of the white-collar crime. The crimes are popular with reference to occupational offenses. The difference between the two is that while corporate offense is done by top executives to benefit the company, occupational crimes are organized by personal employees against the company or its consumers and customers in the course of their tenure(Friedrichs, 2016). When dealing with corporate crime, the top question is whether a corporation has the capacity to conduct one.The question can be answered by considering circumstances through which considerable harm is caused by the operations of the corporation.
SOCIOLOGY4 Comparison People or small groups commit occupational crimes in their jobs for their personal benefit and it can involve employees at any level. On the other hand, corporate crime is conducted by top levels managerial in benefit of the corporation. Both the organization and individuals could be offenders in corporate crime. Only individuals are liable for criminality in occupational crime as it is deemed an offense against the company(Salinger, 2015). Hence corporations turn into crime victims when they suffer losses due to a crime committed by either the managers or other staff. On the context of an offense committed for the advantage of the legal organization, the corporates becomes a perpetrator(Marshall Clinard, 2011). In criminological perception occupational offense is connected to a personal approach to attribute the illegal action. For corporate crime, the action might be attributed to the failure of systems. Impacts on Society Generally, people who commit occupational or corporate crime tend to think the effects of the actions will not go beyond the organization(Payne, 2012). In the real sense, such crimes might result in devastating ripple effects. When an organization experiences from fraud from any direction it should make up for it through raisingcosts, which eventually translates into expensive commodities for consumers. The impact continues to worsen when it comes to a time that the employees and the investors are no longer able to repay loans and it becomes hard to obtain credibility(Friedrichs, 2016). The effects are extended to society in different manners. For instance, collapsing of big corporations might lead to a high rate of unemployment in the respective communities. Life becomes hard as people scramble for thesmall number of jobs available. Skyrocketing of commodity prices will also affect the community in a negative
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SOCIOLOGY5 manner as they might not afford the high prices. There is a high likelihood of crime increase in society as a result of people seeking to earn a living out of it. Corporation and occupational crime hurt both the business sector and economy at large.
SOCIOLOGY6 References Friedrichs, D. O. (2016).Trusted Criminals: White Collar Crime In Contemporary Society. Boston: Cengage Learning. Henry N. Pontell, G. L. (2010).International Handbook of White-Collar and Corporate Crime. Berlin: Springer Science & Business Media. Marshall Clinard, P. Y. (2011).Corporate Crime.Piscataway: Transaction Publishers. Payne, B. K. (2012).White-Collar Crime: The Essentials: The Essentials.Thousand Oaks: SAGE. Salinger, L. M. (2015).Encyclopedia of White-Collar & Corporate Crime, Volume 1.Newcastle upon Tyne: SAGE Article link: https://www.huffpost.com/entry/hui-chen-quits-justice_n_5959be5ce4b0da2c732455c9