crime in the work place

Crime in the workplace

Crime in the Workplace

We’re so focused on violent crimes that white collar crimes get pushed to the waste side or may not hit the media as big as a mass shooting. White collar crime is a non-violent crime where the primary motive is typically financial in nature. This kind of crime is normally occupying a professional position of power and/ or prestige, and one that commands well above average compensation. The reason I choose this topic is because we don’t really hear much about these kinds of crimes, maybe because blue collar crime is always on a rise.

White collar crime is challenging for business because the financial impact could be devastating for the business. The damage could be so bad and damaging that the company would have to file for bankruptcy. When filing for bankruptcy employees lose their jobs and benefits, creditors will not get paid and all who invest loses out on their money as well. Some white-collar crimes such as insider trading is hard to prove, the higher ups would have to prove that the people involved received benefits or they would have to be tipped off.

Thesis Statement: The purpose of this paper is to identify the white-collar crimes, explain how it effects companies. Show the ethical dilemma companies may face when dealing with one if not all the white-collar crimes in the workplace.

Reference

CFI team. (2022, October 27). White-collar crime. Corporate Finance Institute. Retrieved November 6, 2022, from https://corporatefinanceinstitute.com/resources/esg/white-collar-crime/