White Collar Crime

Topic

White collar crime

Instructions

Read pages 142-144 and 151-153 of Legal Environment of Business.

Consider the following as you read:

• Think about white collar crime and the impact it has on the profitability of business.
• Do we need to be tougher than we are on this form of crime?

Answer preview

White collar crime remains as one of the widespread challenges that have not received much attention. Notably, white collar crime has a high financial effect on business and community. When an organization shut down as a result of criminal act, there are some people who lose their jobs at all levels. In addition to this, investors lose money, customers lose trust and confidence with the organization and years’ worth of litigation might be experienced by the business organization. In essence, there are massive ripple impacts that are experienced by business organizations as a result of white collar crime.

Word count: 219