Organized crimeand Corporate crime are two different but similar forms of crime. As  society progresses criminals are becomingmore and more creative and unsuspected of  committing illegal crimes when it comes tofinancial gain. International organized crime  committed on local, regional, and nationallevels are estimated by the Federal Bureau of  Investigations to cost approximately $1trillion per year. Individuals who are unemployed or  have low wage incomes primarily exploitorganized crimes to produce millions of dollars in  which is used to purchase guns, drugs andfurther advanced technology to help avoid local  authorities. Corporate crime is similar towhite-collar crime except on a larger scale although  both are generally conducted in similarenvironments by individuals who are involved in insider  trading. Corporate crime has a low riskhigh reward system since high status individuals are  committing the crimes while organizedcrime has a high risk high reward system. Both types of  crimes are committed worldwide and comewith various types of punishments.

             Asstated in the previous paragraph, corporate crime is conducted by individualswho are  involved in insider trading, this meansthat individuals who are working as bank managers,  employees at manufacturing industries, financeofficers and data scientists, etc, are the ones  behind corporate crime. The alteration offinancial records, misappropriation of funds, and as  well as tax evasion are the primaryactions that lead to fraud. For example, in 2007 a fraud was  committed which resulted in UKsupermarkets getting fined $116 million from simply adjusting  the prices of milk and cheese since theywanted to make more money during the collapse of an  economy. This fraud was committed by an individualwho was employed for the company and   decided to alter a few numbers in acomputer system which resulted in a loss of millions of  dollars. Due to the fact that corporatecrime is so huge, it is nearly impossible to monitor every  transaction that the company approves of,therefore large companies operate as multinationals  and commit worldwide crimes and fraudssince they are very difficult to monitor.              Organizedcrime or white-collar crime are a group of three or more individuals who  engage in illegal criminal activities forprofit, the reason for the creation of organized crime  groups varies based on either politicalmotivation or more commonly financial gain. Organized  crime is not your average “behind thecounter” crime, rather it is committed by individuals who  seek to make ends meet, and are people notof high social status.

Unlike corporate crime where  there is no violence involved in theexecution of a crime, organized crime is the complete  opposite, rather a more violent approachis met by individuals who seek financial gain, most  often, organized crime’s are committed by individualswho are in gangs and have no regards or  remorse towards the law. Organized crimes havea high risk high reward system as oppose to  corporate crime where there is a low riskhigh reward system although organized crime groups  tend to be cruel when dealing withpunishment and are prosecuted through legal jurisdiction  whereas organized crimes are not often prosecutedthrough legal jurisdiction and tend to result in  a particular employee being fired or cutoff the company unless the circumstances severely affect  the companies professionalism. Communitiesthemselves are directly impacted by organized  crime and are met with hardships through violence,intimidation, and corruption that is utilized   by individuals working with organized crimeto gain control over their criminal enterprise. With  organized crime being so widely committed acrossthe globe, it is in the best interest of the FBI  to establish cooperation and communicationwith nearby countries to prevent criminal activities  from further occurring.             Tocompare and contrast, organized crime and corporate crime share similaritiesand  differences although it is clearly knownthat both types of crimes are executed towards financial  gain.

One primary difference between both typesof crimes is violence. Organized crime does not  involve the same type of violence thatcorporate crime does, instead, corporate crimes rarely  involves any violence towards financialgain, rather persuasion is used to increase a businesses  profit and/or capital gain. While corporatecrime is conducted by individuals of high social  status, organized crime is conducted by streetgangs and can be done by almost anyone willing to  break the law to make financial gain. Largemultinational companies, in other words, “safe jobs”,  deal with corporate crime and have a lowrisk high reward system as oppose to organized crime  where individuals facing unemployment orhave low paying jobs commit crimes and are high  risk high reward systems.

Anothersimilarity between both types of crimes identified by Edwin  Sutherland is the fact that both types ofcrimes involve several people working together to fulfill  the completion of a crime. In order tokeep ones hands “clean” several people work together to  remain anonymous and employ otherindividuals who are trustworthy enough to work with them  towards committing frauds, humantrafficking, drug/weapon trafficking, money laundering and  more. Corporate crime is not prosecuted inthe same manner as organized crime since high social  status individuals are working with corporatecrime and can often get away with it and oppose to  organized crime where the punishment iscritical. Legal prosecution of corporate crime depends  on the circumstances of the event, sinceorganized crime is always prosecuted, corporate crimes  are punishable under racketeering, apunishable offence under federal law for committing illegal  activities involved within criminal enterprise.             Withthat being said, there are certain types of corporate crimes that should beclassified  as organized crime such as money laundering.If individuals caught executing money laundering  through organized crime receive several yearsbehind bars for such a terrible crime, why should a  corporate official only get a fine and notyears behind bars for the exact same crime committed?  This is one type of crime that can beconsidered corporate and organized crime.

Both organized  crime and corporate crime should beprosecuted in the exact same jurisdiction. Just because  someone is of high social status, thatdoes not mean they can break the law and get away with it,  both high social status individuals and regularindividuals committed of either organized or corporate crime should be dealt with underthe same law and jurisdiction. Thus, the handling of  both crimes in a proper manner willprevent such crimes from occurring worldwide and will alert  other potential individuals who arethinking of considering corporate and/or organized crime to  not commit the crime due to severe consequences.             Asthis paper examines the traits of both corporate and organized crime, bothcrimes are  committed towards financial gain. Withcorporate crime having a low risk high reward system  and organized crime having a high riskhigh reward system in place, it is clear that the average  criminal and high social status individualwill do whatever it takes to illegally attain profit  anonymously as long as it benefitsthemselves and/or the company. Both crimes should be  prosecuted in a similar fashion to preventfurther worldwide organized and corporate crimes  from occurring since it is an ongoing issuecosting over a trillion dollars each year.

Written by
admin
x

Hi!
I'm Colleen!

Would you like to get a custom essay? How about receiving a customized one?

Check it out