White Collar Crime Fbi Investigation - 1552 Words

Introduction: It was 13 years ago that the announcement of bankruptcy by Enron Corporation, an American energy, commodities and service firm at the time, would unravel a scandal resulting in what is regarded as the most multifaceted white-collar crime FBI investigation conducted in history. High-ranking officials at the Houston-based company swindled investors and managed to further their own wealth through intricate, shifty accounting practices such as listing assets above their true value to increase cash inflows and earnings statements. This had the effect of making the company and its shares look more enticing than they really were to potential investors. Upon their declaration of negative net worth in December 2001, shareholders filed a $40 billion lawsuit against the company, citing a drop of shares from around $90 per share to around $1 per share within only a few months. In light of these events, officials at the Securities and Exchange Commission (SCE) were prompted to initiate further in vestigation to figure out how such a drastic loss occurred. White-collar crime can be summed up in a nutshell by the following three deviant behaviors, all of which we hope to establish as morally wrong to our youth: lying, cheating and stealing. The term, coined in 1939, has become an umbrella term encompassing a full spectrum of frauds committed by business (potentially corporate), government professionals and a growing number of individuals capable of cyberspace hijacking. TheShow MoreRelatedFederal Bureau of Investigation (FBI Essay550 Words   |  3 Pages The mission and values of the Federal Bureau of Investigation (FBI) is up held with strong Constitutional values. Over the years since the FBI was created in 1908 by Attorney General Charles Bonaparte during the Presidency of Theodore Roosevelt. As a progressive during this time period Bonaparte applied his philosophy to forming the FBI with several corps of agents. His thought was that these men should have expertise and not political connections. With the U.S. Constitution based on â€Å"federalism†Read MoreExplain the Differences Between Criminologists, Criminalists, and Forensic Psychologists and What Is the Difference in Their Disciplines of Expertise.1550 Words   |  7 Pages CRJS105 –1103b-04 Theories of Crime Causation August 28,2011 Abstract In this paper I will explain the differences between Criminologists, Criminalists, and Forensic psychologists and what is the difference in their disciplines of expertise. As well as looking at blue collar crime vs. white collar crime, how they are reported and measured by the FBI in their uniformed crime reporting. Also how blue collar crime is much more popular culture by the media. AndRead MoreCrime and Forensic Psychology1117 Words   |  5 PagesBambam2 Because  crime is one of the more appealing themes in popular culture, the public receives a skewed version of crime. The public’s knowledge may be particularly lacking with regard to the entire field of criminology, the differences between blue-collar and white-collar crime, and the general perception of the incidence of crime in the United States. You are asked, as the public relations representative of your police department, to provide an information session on the field of criminologyRead MoreHistory of the Fbi and Women1574 Words   |  7 PagesBureau in 1924, he inherited two female agents: Jessie B. Duckstein and Alaska P. Davidson, who both resigned within a few months as part of the Bureau’s reduction of force. In 1972, JoAnne Misko and Susan Malone were the first two women to enter the FBI Academy. In 1978, Special Agent Christine Karpoch (Jung) would become the first female firearms instructor—and she would shoot the coveted â€Å"possible,† a perfect score on the FBI’s Practical Pistol Range. In 1990, Special Agents Susan Sprengel andRead MoreA White Collar Criminal s Social Position Should Not Determine The Length, Term And Type Of Punishment1522 Words   |  7 PagesInformation Should Set You Free A white-collar criminal’s social position should not determine the length, term and type of punishment. The circumstance and type of white-collar crime should influence state and federal officials on the punishment. Some high profile crimes have been thoroughly planned and taken years or decades to execute. More than likely, the people that have planned and executed these crimes can detect the patterns and signs of similar crimes when presented with information orRead MoreWhite Collar And Organized Crime Essay900 Words   |  4 PagesWhite Collar And Organized Crime In the twentieth century, White Collar and Organized Crimes have attracted the attention of the U.S. Criminal Justice System due to the greater cost to society than most normal street crime. Even with the new attention by the Criminal Justice System, both are still pretty unknown to the general public. Although we know it occurs, due to the lack of coverage and information, society does not realize the extent of these crimes or the impact. White Collar and OrganizedRead MoreCounterterrorism In Cyber Enforcement1376 Words   |  6 Pagesof influence into the cybersphere. Cyber related crime in all area; terrorism, espionage, white collar crimes, criminal enterprises, etc.., has grown exponentially and the Bureau is doing its best to keep up. The FBI’s area of threat responsibility today is widespread and rapidly expanding to include seven major areas; Counterterrorism, Counterintelligence, Cyber, Public Corruption, Civil Right, Transnational and National Crime, and White Colla r Crime. In essence, there is very little that is not coveredRead MoreEssay about History of the FBI953 Words   |  4 PagesThe early 1900’s gave rise to the Federal Bureau of Investigation. Founded in appalling times filled with tension, the FBI would slowly transform American law to apprehend the nation’s most notorious criminals, and become one of the vital agencies that protect American sovereignty. Influenced by the Progressive Movement and the belief that the federal government’s intervention was required to alleviate injustices in a dark society of corruption where a war between capital and labor raged, PresidentRead MoreWhite Collar Crime: Ponzi Scheme with a Focus on Bernard Madoff1652 Words   |  7 PagesWhite Collar Crime: Ponzi Scheme with a Focus on Bernard Madoff NAME College White Collar Crime: Ponzi Scheme with a Focus on Bernard Madoff Most people, when they hear the word â€Å"crime,† think about street crime or violent crime such as murder, rape, theft, or drugs. However, there is another type of crime that has cost people their life savings, investors’ billions of dollars, and has had significant impacts of multiple lives; it is called white collar crime. The Federal Bureau of InvestigationRead MoreCrimes Of Privilege: White Collar Crimes And The One Percent.1970 Words   |  8 PagesCrimes of Privilege: White Collar Crimes and the One Percent White collar crime has been recognized as something that is an issue since 1939 when it was brought up in a political meeting by Edwin Sutherland. Sutherland was interested in the fact that people of the working class were not being noticed for the crimes that some of them are involved in. The concern was that the criminal activity that was being addressed during this time were predominantly trivial crimes. While they were getting all