Rakoff spoke to Insights during a recent visit as part of Stanford GSB’s new interdisciplinary Finance and Society Visitor Program, organized by Anat Admati, the George G. Eisinger, a journalist, also came to Stanford as part of Admati’s visitor program.
What incentive would work to change corporate behavior? “I found that to a person, [executives accused of white-collar crimes] feared prison, and they feared it mightily.
It has characteristics similar to that of corporate crimes like fraud, embezzlement, money laundering, infringement of copyright, bribery, counterfeiting, insider trading, computer crimes, forgery, tax evasion, adulteration etc. H Sutherland defines a white collar criminal as a person of upper socio-economic class who violates the criminal law in the course of occupational or professional activities.
However, considering the situation in India, as also explained by Prof.
And a common federal tactic, so-called “deferred prosecution,” is in effect a “get out of jail free” card for executives, says the jurist.
Although the public might like to see accused executives wind up behind bars, they don’t because the U. Department of Justice finds it easier to prosecute corporations instead of the people who run them, he says. Rakoff’s work as a prosecutor is covered in Jesse Eisinger’s recently released book .
These theories address how crime opportunities are formed by immediate environments and then discovered and evaluated by potential offenders.
We demonstrate that they can also be used to uncover how specific forms of white-collar crimes are committed and help structure analyses of the underlying opportunity structures associated with these offenses.
Short Essay on the White Collar Crimes – Unfortunately in the last few years, there has been a consistent rise in the occurrence of serious frauds and white collar crimes globally posing a threat to the economic structure of the country.
Professor Edwin Hardin Sutherland was the first to introduce the concept of white-collar criminals who possess different characteristics and motives than typical street criminals and their illegal actions are not dependent upon the application or threat of physical force or violence.