White collar crimes White Collar Crimes - Description
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 ID: 638583 Download Presentation
". 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.
Download Presentation - The PPT/PDF document "White collar crimes White Collar Crimes" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Presentation on theme: "White collar crimes White Collar Crimes"— Presentation transcript:
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.
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: 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 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
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 interest in offshore accounts
Criminal activities carried out by means of computers or the internet
Perpetrators can be sentenced no time to 20 years in prison
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
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
Mob Related Crimes
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.
: a person who is paid to kill someone, especially for a criminal or political organization.
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.
was convicted of tax evasion and was sentenced to four years in federal prison in 1951
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
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
June 11, 1943 - June 12, 2012
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 “
Was kicked out of Witness Protection
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
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
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.
Set up thousands of slots throughout New York
Managed bookie operation
Hijacking: taking over a vehicle and using it for a different purpose than what it was intended
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