White-collar Crimes
White-collar crimes are serious offences committed by highly educated business and government officials. Also, these crimes are mostly caused by lack of self-control, greed and peer pressure. White-collar crimes include fraud, tax evasion, cybercrime, bribery, embezzlement and stock manipulation (Schaefer, 2000). The offences lead to great losses to both the companies and nations involved.
Corporate fraud, involving illegal acts common in most companies, is an example of the white-collar crimes highly present in the United States. White-collar crimes are investigated by the FBI agents in America since they negatively impact the state. According to their investigations, corporate fraud cases involve accounting schemes and obstruction of justice (Fbi.gov, 1989). The professionals involved mainly commit these activities to please the consumers and hide the true financial status of their companies.
Also, money laundering is a white-collar crime that entails people engaging and producing illegal products or activities and making it look like they are legit. Money laundering enables people involved to evade taxes, accumulate wealth and increase their profits (Fbi.gov, 1989). Moreover, these offences are common in health care facilities, financial organizations and drug companies. Through money laundering, drug dealers can supply illegal drugs to humans without being noticed by those in authority.
Security and commodity fraud are used by professionals of some companies to encourage people to invest in them or build their reputation. Besides, this crime is committed by giving out false information about a certain firm’s stock and its value, thus enticing investors and consumers. The levels of this type of fraud have increased in America and are said to rise because most firms are affected by the uncertainty in the global economy (Fbi.gov, 1989). However the FBI agents are trying to stop security fraud, its increase is still expected and the nation is highly affected.
From the above discussion, white-collar crimes harm the government of America and the cases are relatively high. The FBI agents’ aim to stop these crimes is accompanied by various problems since the cases are rising despite their activities. Every citizen of the United States should try to help deal with white-collar crimes to ensure a safe economic environment for all.
References
Fbi.gov. (1989). https://www.fbi.gov/investigate/white-collar-crime
Schaefer, R. T. (2000). Sociology: A brief introduction. McGraw-Hill.