White Collar Crimes

White collar crime

A white-collar crime refers to a type of nonviolent crime committed for financial gains illegally. White-collar criminals usually include office employees, business managers, and/or corporate executives. These include committing fraud, embezzlement, money laundering schemes etc. Every such crime is heavily fined and leads to imprisonment while the person committing such crime also suffers social failure.

While public order crimes are a variety of offenses which are committed against the society. Such would include offenses as drug use and trade, pornography, piracy, prostitution etc. Public order crimes are the crimes that form through conscious thinking that disassociates from the norms of the society. This causes the subject to commit a wrong that is not accepted by the society as a whole and hence treated as a crime against the whole society. In the United States, public order crimes are usually committed against the respective State it is committed in. Hence, a crime in the State of California might not be a crime in the State of Oklahoma.

The following statute is on a mail and wired fraud which is a white-collar crime. The Mail & Wire Fraud Statute provide criminal sanctions from those who: (1) engage in a scheme or artifice to defraud; (2) with an intent to defraud; (3) using the mails to further the fraudulent scheme. It is an intentional deprivation of someone from their legal right or property using mail or wire communication.

In McNally v. United States (1987), the US Supreme Court decided that the statute concerning the mail fraud only applied to the fraudulent schemes which defrauded people of their money or property. Such a case is the Enron case which became the most complex white-collar crime investigation in FBI history.

The Enron case saw top company officials cheating investors while reaping financial gain through complex ...