White Collar Crime Chapter 13

white collar crime

a crime committed by a person of respectability and high social status in the course of their occupation

insider trading

company executives, stock brokers, investment bankers have special knowledge of a company's economic fortunes guys or sells stock in that company before info is made public.

organizational crime (2) types

financial and violent

embezzlement

involves theft of cash and the misuse of cash (collective embezzlement)

corporate crime (organizational crime)

is committed by corporations for their financial gain. (organizational crime!) mechanics

occupational crime

is committed by individuals in the course of their occupation for personal gain

collective embezzlement

stealing of company funds by top executives who often work with "outsiders" such as real-estate developers and stock brokerage executives. common was "land flips" by selling each other land back and forth, with each transaction involving a higher price therefore artificially inflating the lands value.

alien conspiracy model

the belief that a small number of Italian American "families" control organized crime in the USA

pilferage

theft of merchandise, tools, etc

similarities of street crime

1) both types of crime involve stealing and violence 2) both types do not usually break the law unless they have both the opportunity and the motivation to do so 3) both use many techniques of neutralization to justify their crimes and other misconduct 4) gender! women less likely to be involved then men

difference of street crime

1) lack of self control does not apply to corporate crime 2) The argument by sociologists that violent and other street criminal suffer from biological or psychological abnormalities 3) cannot attribute fleecing the public because as children they they grew up aimed social disorganization, suffered negative family and school experiences, and construed with delinquent friends 4) economic deprivation is not a factor in white collar crime because in definition they are wealthy

professional fraud: health care

1)exaggerated charges 2)billing for services not rendered for a real patient 3)billing for services for dead patients 4) "ping ponging" see other doctors for unnecessary visits 5) "family ganging" seeing other fam members when one is sick 6) "churning" asking patients to come in for unnecessary visits 7) "unbundling" billing as sperate procedures 8) providing inferior products to patients 9) paying kickbacks/ bribes for referrals of patients 10) falsifying records to make an individual eligible for benefits 11) billing for items never provided 12) falsifying prescriptions 13) inflating charges for ambulance