White Collar Crimes Do Hurt
Suggest three key elements of identifying white-collar crimes and review three types of costs (i.e., financial, physical, and social) that result from it.
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Because of their non-violent nature, many perceive white collar crimes to have fewer negative implications and only affect a few individuals in public (Benson et al., 2014). Unlike other crimes, white collar crimes are financially motivated and non-violent and often committed by persons with high social status. These three characteristics suggest that white collar crimes are illegal economic activities in which the offenders have gained money unlawfully at the expense of others in public. Increased economic development has significantly fueled white collar crimes globally. In 2016, Nick’s Roast Beef, in Beverly, MA, was arraigned in court facing charges of income evasion, a case that hit all media headlines. According to reports, in accordance with state law, the company owners are required to pay all accumulated tax evaded or have its operations terminated upon pleading guilty. Shutting down the company will render many of its employees jobless, a factor that will only cause more problems for the government.
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References
Benson, M. L., & Simpson, S. S. (2014). Understanding white-collar crime: An opportunity perspective. Routledge.
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Question 
White Collar Crimes Do Hurt
Please respond to the following:
White Collar Crimes Do Hurt
- Suggest three key elements of identifying white-collar crimes and review three types of costs (i.e., financial, physical, and social) that result from it. Then, using the case you identified from the e-activity, examine the cost that resulted in the greatest loss to society regarding this particular case. Provide support for your response.
Be sure to include a minimum of two outside sources for your post using APA OR SWS format, in-text citations, and a reference list.
E-ACTIVITY
Use the Internet to research, identify, and explore one criminal case involving white-collar crime within the last three years. Be prepared to discuss.
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