White Collar Crimes- key definitions
White Collar Crimes- key definitions CJ 100
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One Day of Notes
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This 2 page One Day of Notes was uploaded by Erica Kugler on Friday January 23, 2015. The One Day of Notes belongs to CJ 100 at University of Alabama - Tuscaloosa taught by Douglas Klutz in Spring2015. Since its upload, it has received 264 views. For similar materials see Intro to Criminal Justice in Criminal Justice at University of Alabama - Tuscaloosa.
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Date Created: 01/23/15
White Collar Crime Key Definitions 0 Embezzlement fraudulent conversion of another s property by a person of trust ie agent or employee 0 Ex accounting embezzlement I Shifting funds out of someone s account into your own account 0 Tax evasion perpetrator attempts to avoid paying taxes they owe 0 Ex filing tax forms w false info illegally transferring property to avoid tax obligations 0 Money laundering criminal act of filtering illegally obtained quotdirtyquot money through a series of transactions designed to make the money appear legitimate quotcleanquot 0 Ex used wdrug trafficking and mafias 0 Bankruptcy fraud concealing assets to avoid having to forfeit them Intentionally filing false or incomplete forms 0 Ex when you declare bankruptcy you have to turn over assets so you leave out assets from tax form in order to keep them 0 Ex petition mills gt renter can t pay rent so faces eviction and petition mill promises to help you if you give them your financial info but they are really taking S from you 0 Insurance fraud deceitful act performed wintent to obtain an improper payment from an insurer o 2 types I Hard fraud deliberate destruction 0 Ex burn your house down to get insurance I Soft fraud exaggeration 0 Ex exaggerate the value of assets that burned with the house 0 Ex life insurance fraud 0 Counterfeiting someone copies or imitates an item wo having been authorized to do so and then passes the copy off for the genuine or original item 0 Ex S watches handbags designer clothes etc o Insider trading trading of a company s stock or other securities by ppl waccess to confidential or nonpublic info about the company 0 Ex Martha Stewart 0 Bribery corrupt solicitation acceptance or transfer of value in exchange for official action 0 quotquid pro quo something for something 0 quotkickbacksquot 0 Credit card fraud form of ID theft involving the taking of another s credit card info for purpose of charging purchases to that account 0 2 types I Application fraud someone gets your personal info from ccard applications I Account takeover someone gets your card or card and makes purchases 0 Phone and telemarketing fraud any type of scheme in which a criminal communicates with potential victims via telephone 0 Goal obtain personal info from victims by acting as an agent of a legitimate company 0 Ex person calls and says you were overpaid then asks for account to take out the overpaid amount 0 quotphonyquot fundraising targets tragedies and natural disasters I You thinking you are donating to legitimate relief company but company is fake o m all encompassing fraud acts 0 ex nonexistent home issues that you are told need to be fixed so person changes you fortune tellers persuade ppl to bury S to remove a quotcursequot ft knows S location foreign countries sending emails about money transfers student loans and companies promising to lower interest rates
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