White Collar Crime Lecture Review

Flashcards designed to review key concepts, definitions, and theories related to white collar crime based on lecture notes.

Corporate Crime

Illegal and harmful acts committed by corporate officers and employees to promote corporate interests.

Occupational Crime

Illegal or harmful activity committed within a legitimate, respectable occupation.

Governmental Crime

White collar crime involving illegal acts by government entities or officials.

State-Corporate Crime

Crimes that involve a synthesis of governmental and corporate wrongdoing.

Enterprise Crime

Crimes involving cooperation between legitimate businesses and criminal organizations.

Rational Choice

Theory suggesting offenders weigh costs and benefits before committing a crime.

Conflict Theory

Focuses on how different groups' values and interests conflict, affecting the law.

Fraud Triangle

A model that explains the three elements that lead to fraud: Opportunity, Motivation/Pressure, and Rationalization.

WCC (White Collar Crime)

Illegal or unethical acts by individuals or organizations during legitimate occupational activities.

Sarbanes-Oxley Act

A federal law enacted in 2002 to improve the accuracy of financial reporting and auditing.

Credit Rating Agency Reform Act

A law to improve the quality of ratings for the protection of investors and public interest.

Collective Knowledge Doctrine

Legal principle that an organization's knowledge includes the combined knowledge of all employees.

10-10-80 Rule

A concept suggesting behavioral tendencies towards fraud in the population: 10% unlikely, 10% actively seeking ways to commit fraud, 80% may commit fraud under certain conditions.

OSHA (Occupational Safety and Health Administration)

U.S. agency responsible for ensuring workplace safety and health.

Consensus View of Law

The perspective that laws reflect the shared values of society.

Conflict View of Law

The perspective that laws are created to maintain the power of dominant groups.

Recidivism in White-Collar Crime

The tendency for white-collar criminals to reoffend.

U.S. Marshall Role in WCC

Investigates financial crimes and captures wanted white-collar criminals.

Edwin Sutherland

The criminologist who first coined the term White Collar Crime in 1939.