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White-collar Crime

year-old employed individuals felt it justifiable to steal from their employees (Walls 383).

Many believe such attitudes and staggering loss statistics are the culmination of a roaring, greedy 1980s that created not only legitimate prosperity but also unlimited motivation for stealing (Koepp 28). Fraud, along with other white-collar crime, has never been so accessible thanks to the proliferation of technology, in this case, electronic money and fast, faceless financial transactions.

In the past, honesty and trust were the bywords. In the "go-go" era of Reagan's deregulation, however, and its "anything goes" mentality, the ethical obstacles were no more. Though many scholars project that this attitude, like most things, is cyclical, and hopefully has crested, the end result has been a proliferation of crime around the world the likes of which has never been seen before.

While an average bank robbery may net $6,600, the average haul from a computer crime is about $220,000 (San Segundo 47). In the United States, computer crimes cause annual losses of bil

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White-collar Crime. (1969, December 31). In LotsofEssays.com. Retrieved 10:31, May 09, 2024, from https://www.lotsofessays.com/viewpaper/1681831.html