White collar crimes White Collar Crimes
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White collar crimes White Collar Crimes

". White collar crime" can describe a wide variety of crimes, but they all typically involve crime committed through deceit and motivated by financial gain. . The most common white collar crimes are various types of fraud, embezzlement, tax evasion and money laundering.

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White collar crimes White Collar Crimes

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White collar crimes


White Collar Crimes


White collar crime" can describe a wide variety of crimes, but they all typically involve crime committed through deceit and motivated by financial gain.

The most common white collar crimes are various types of fraud, embezzlement, tax evasion and money laundering


Often thought of as “Victimless” crimes



Fraud is a general type of crime which generally involves deceiving someone for monetary gain.


common type of white collar fraud is securities fraud.


Identity Fraud

Using a variety of methods, criminals steal credit card numbers, driver's license numbers, social security numbers, ATM cards, telephone calling cards and other key pieces of individuals' identities.


use this information to impersonate their victims, spending as much money as they can in as short a time as possible.

Maximum penalty of 15 years and fines


Securities Fraud

Securities Fraud: a person or company (like a stockbroker or brokerage firm) misrepresents information that investors use to make decisions


Fines range from $10,000 to $5 million

Incarceration in local prison or, if large enough fraud, 5 or more years in federal prison

Probation for 5 or more years

Restitution: repayment of money lost in




The process of making, adapting, or imitating something with the intent to deceive with the purpose of earning a profit by selling the forged item, or altering public perception.


The maximum for felony forgery is three years, but varies from case to case.

Some may be given probation, depends on the case.


Money Laundering

Money laundering is a term used to describe a scheme in which criminals try to disguise the identity, original ownership, and destination of money that they have obtained through criminal conduct. The punishment for this would be rigorous imprisonment from three years to seven years.


Illegal gambling, and drug trafficking


Tax Evasion

Definition- the illegal nonpayment or underpayment of tax

Penalty- A criminal convicted of tax evasion will be guilty of a felony. They will also be imprisoned no more than 5 years





Inflating deductions or expenses

Hiding money

Hiding interest in offshore accounts


Cyber Crime

Criminal activities carried out by means of computers or the internet

Perpetrators can be sentenced no time to 20 years in prison


Black market


Stealing personal information


Disabling hospitals, banks, and 9-1-1 services


Credit Card Fraud

Definition: a form of identity theft that involves an unauthorized taking of another’s credit card information for the purpose of charging purchases to the account or removing funds from


Prison Sentence:

Minor Offense: Maximum fine of $1,000 and a sentence of up to 1 year in jail

As the value of property received increases, so does the penalty

Maximum fine of $25,000 and a sentence of up to 15 years in



Types of white collar crimes

Securities Fraud

Tax Evasion

Money Laundering

Identity Fraud


Mob Related Crimes

Al Capone

Henry Hill



Mickey Cohen

Lucky Luciano

Carlo Gambino

Frank Costello


In groups of two, you will be researching and creating a brief PowerPoint presentations on both a white collar crime (I will assign them), and a mobster/the crimes they commit


Tony “Big Tuna” Accardo


came to infamy as a hitman for Al Capone who allegedly participated in the Valentine's Day Massacre. Never convicted of his crimes,


denied any ties to the mob until his death in 1992.

CRIME: Hitman

: a person who is paid to kill someone, especially for a criminal or political organization.


Mickey Cohen

He was born into an Orthodox Jewish family living in the Jewish Brownsville section of Brooklyn.

Was a boxer as a teenager

Cohen went to Chicago, where he ran a gambling operation for the Chicago Outfit, Al Capone's powerful criminal organization.

Crimes: Cohen

was convicted of tax evasion and was sentenced to four years in federal prison in 1951



John Gotti

Italian-American gangster who became boss of the Gambino crime family in New York City.


and his brothers grew up in poverty and turned to a life of crime at an early age


Hijacking and sentenced to 3 years in prison

Murder (1973)

Gave Names and Charged with attempted manslaughter and sentenced to 4 years in prison

Federal indictments for racketeering (Offering Dishonest Service)


Gambling, Drug Trafficking, Extortion, and stock fraud

- Life in Prison and then died in the federal prison hospital in 2002


Henry Hill

June 11, 1943 - June 12, 2012


his way

into the mafia

Used prison contacts to transfer cocaine from Brooklyn to Pittsburgh


trafficking - global illicit trade involving the cultivation, manufacture and sale of substances which are subject to drug prohibition laws

Made between $15,000 and $40,000 a week

Book and movie based off of his life called “


Made $550,000

Was kicked out of Witness Protection


Al Capone

Born in 1899 in Brooklyn, New York

American mobster, crime boss, and businessman

Most infamous gangster in American History

Also involved in prostitution and gambling

Responsible for many acts of violence mainly against other gangsters

Most famous of these were the


Day Massacre

Finally brought to justice for income tax evasion

Illegal underpayment or nonpayment of taxes

This is the only thing he was charged with


Frank “The Prime Minister” Costello

Tax Evasion

a person, organization or corporation intentionally avoids paying his true tax liability


theft or misappropriation of funds placed in one's trust or belonging to one's employer.

Gambling Enterprise

Set up thousands of slots throughout New York

Managed bookie operation


Carlo Gambino


Illegal gambling

Narcotics trafficking

Hijacking: taking over a vehicle and using it for a different purpose than what it was intended

Orchestrated murder

Conspiracy to commit murder: an agreement between people to commit murder

Ran illegal liquor (during prohibition)

Hitman: a person hired to kill someone or commit a major crime

Abduction and murder