white collar and organised crime

The famous Sarbanes-Oxley Act involving greater control of corporate activities , it is argued is a a stunning expansion of central government control over what remains of our private enterprise system (Grigg 2002

Does White Collar Crime Exist After All

However , corporate crime does exist even if violations that happen in corporations cannot be always described as crime in the strict sense of the word . In this sense , it seems that Baker 's perspective , although he correctly points out the flaws of the terms white collar crime ignores the manifestation of unethical

behaviour in modern corporations and fails to account for them . Corporate scandals brought it to the surface and demonstrated to the public more vividly however , the society for a long time knew that corporate officers can embezzle funds and forge reports

The motivation for white collar crime schemes is grounded in the market economy system and modern capitalism that emphasizes material gain as the main measurement of success . The success of the corporation is measured by its profits - not by the quality of its products or sales volume . Most surely it is not measured by corporate social responsibility , although the image of an irresponsible company can damage sales . For this reason , corporate executives are hard-pressed to meet their numerical targets not to disappoint investors , which in turn motivates them to perpetrate fraud . Alternatively , there are some schemes like embezzlement and identity theft that are aimed only at enriching the individual , regardless of the investors

There is also a direct link between the ability to make money and the feeling of a person 's self-worth . The distinct perception that a successful CEO will turn a profit in each quarter of the year has made many reluctant to admit defeat and forced them to try to smooth out profits and losses...