Ch 18 - White Collar Crime Flashcards
White Collar Crime
A crime committed by a person, usually of high social status, in the course of his/her occupation.
Ponzi Scheme
An investing scam where a fraudster pays returns to existing investors w/ new investors’ funds under the false pretense that returns are being made, sustained by the constant recruitment of new contributors.
Green Criminology
The analysis of environmental harms from a criminological perspective.
Fraud
A dishonest act that deprives or risks depriving, another person of something.
Liability
Legal responsibility for an act or omission.
Money Laundering
The process of concealing the source of illegitimately obtained money.
Bribery
The practice of illegally inducing a person, company, or government to act in one’s favour, usually by transferring money or property.
Embezzlement
To take money or misappropriate funds that belong to someone else.
Insider Trading
The practice of trading in a stock, bond, or other security while possessing material, non public info about the company in question.
Market Manipulation
The practice of interfering w/ the proper operation of a market, usually by employing or creating misleading or artificial info.
Price Fixing
An agreement b/w competitors to fix the price for a good/service by buying or selling at an agreed to price or by manipulating supply or demand.
Negligence
A legal intent standard that considers whether a person, regardless of actual intent or knowledge, failed to take reasonable care in doing/failing to do something.
Cybercrime
Crime committed over the internet or a computer network.
Identity Theft
The theft + use of a person’s identifying info, usually for monetary gain.
Regulatory Capture
A theory of corruption whereby regulatory bodies in a sector advance the private interests of the actors they regulate over the public interest.
