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Effects Of White Collar Crime On Society. 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. This assertion is especially true of corporate misconduct which can not only jeopardize the safety health and welfare of citizens but can also impact social attitudes on corporate misconduct corporations and corporate leaders. They are usually scams or frauds to gain wealth in society. Today white collar crimes include credit card fraud bankruptcy o credit frauds among others.
White Collar Crime Theories Laws and Processes Explain white collar crime in terms of various theories related to criminology and crime. White collar crime is of a much greater cost. Forms of white collar crimes. White collar crimes causes huge loss to companies. Effect on the company. Most are crimes of opportunity and hold similar.
A lack of physical harm often causes victims to be forgotten about.
In order to recover the loss these companies eventually raise the cost of their product which decreases the number of customers for that product. Effects of white collar crime. There are many people that have the opinion that white collar crimes shouldnt be punished as harshly as other crimes because they arent violent. They are usually scams or frauds to gain wealth in society. White-collar crime is a nonviolent crime committed by a business or large corporations. As such definition of white collar crimes has taken a much broader perspective of the society to include corporate titans and middle-income Americans.