Organized crime and corporations

The generic use of the word "triads" for all Chinese criminal organizations is imprecise; triad groups are geographically, ethnically, culturally and structurally unique.

Organized crime and corporations

By Jessica Briggs J. Highly specific terms under the law can sound to the layman like synonyms. White-collar crime and organized crime are two such terms that are often used interchangeably, but actually have very different meanings. White-Collar Crime White-collar crime is a term used to describe non-violent crimes, generally of a financial nature, that are committed by businesspeople or public officials.

The term itself comes from the fancy button-up dress shirts that people in those professions are generally known to wear. White-collar crimes include such crimes as insider stock market trading, embezzlement, Ponzi schemes, bribery and fraud. Organized Crime Organized crime refers to crimes that can be either violent or non-violent in nature, and are generally committed for profit of a group of people with a hierarchical internal structure.

The organized nature of these enterprises gave the term its genesis. Organized crimes include such crimes as racketeering, robbery, theft, drug dealing, assault and trafficking and smuggling of illegal goods and humans for prostitution. Similarities Between White-Collar Crime and Organized Crime While there are myriad differences between the two, similarities do exist between the two types of crime.

Both terms refer to crimes that are committed within the guise of a legal operation, whether as a corporation or a legal cover business such as garbage hauling. Both terms include crimes that may not have individual victims so much as they have richer victims like defrauding businesses or embezzling government funding.

Organized crime and corporations

And both terms generally refer to an extended series of crimes committed together in furtherance of profit, such as a combination of extortion, fraud and embezzlement.

Differences Between White-Collar Crime and Organized Crime There are marked differences between white-collar crime and organized crime. White-collar crime rarely includes any violent offenses, while organized crime often does. White-collar crimes are generally each punishable individually but not in the aggregate; however, organized crimes can be punished separately but also together as racketeering, the legal term for certain illegal activities committed as part of an ongoing criminal enterprise.

Finally, white-collar crimes are generally masked behind corporations or other high-level business, while organized crime is generally hidden behind less esteemed fronts such as garbage hauling, licensed gambling and auto repair shops.organized crime, because criminals may set up corporations either for the purposes of crime or as vehicles for laundering the proceeds of crime.

The world’s gross criminal product has been estimated at 20 percent of world trade. Organized crime may be defined as systematically unlawful activity for profit on a city-wide, interstate, and even international scale.

The corporate criminal organization is a far cry from the small-scale predations of a Bonnie and Clyde. White-collar crime, crime committed by persons who, often by virtue of their occupations, exploit social, economic, or technological power for personal or corporate gain.

The term, coined in by the American criminologist Edwin Sutherland, drew attention to the typical attire of the perpetrators, who were generally businesspeople, high-ranking professionals, and politicians. Organized crime revenues are very difficult to estimate, as criminals often spend a significant amount of time trying to hide what they make.

Also, “organized crime” is a loosely defined concept. Gangster Capitalism: The United States and the Globalization of Organized Crime [Michael Woodiwiss] on *FREE* shipping on qualifying offers.

Organized crime and corporations

Everyone knows what organized crime is. Each year dozens of feature films, hundreds of books, and thousands of news stories explain to an eager public that organized crime is what gangsters do. discouragement - Translation to Spanish, pronunciation, and forum discussions.

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