Why Do White Collar Criminals Get Lighter Sentences?

Can you go to jail for white collar crime?

The punishment depends on the nature of the crime, the defendant’s criminal history, and the amount of money gained.

White collar crimes can be charged as a: Second Degree Misdemeanor: resulting in a maximum of 60 days in jail and/or fines up to $500..

What is minimum security jail like?

In the US, a minimum-security prison is a dorm-type federal facility that resembles a college camp more than a prison. They are usually reserved for non-violent offenders, most of whom are white-collar criminals. Thus, minimum security prisons are also referred to as “Club Fed”.

What are the two types of white collar crimes?

White-collar crime is commonly subdivided into two broad, general categories:Individual crimes. Individual crimes are financial crimes committed by an individual or a group of individuals. … Corporate crimes. Some white-collar crime occurs on a corporate level.

Is white collar crime worse than blue collar crime?

Blue-collar crime is often easier for the public to understand, as well. White-collar crimes tend to be more complex and difficult to unravel, understand and penalize. Even those victimized by white-collar crime may have a hard time understanding the crime and the extent of its damage.

Where do white collar criminals go?

The Federal Correctional Institution in Otisville, roughly 80 miles north of New York City, is one of several dozen minimum-security prisons — typically called camps — in the federal Bureau of Prisons system, where many white-collar convicts end up serving out their sentences.

Are there really country club prisons?

While many people believe convicted white collar criminals are condemned to nothing worse than being locked up in a “country club,” the fact is that there really is no such thing.

What crime carries the longest sentence?

The longest ever prison sentence was given to Chamoy Thipyaso, a Thai woman who defrauded 16,000 people in a pyramid scheme which netted her more than $200 million. In 1989, a judge sentenced her to an astonishing 141,078 years for corporate fraud.

Is White Collar Crime civil or criminal?

Penalties for White Collar Crimes Most white collar crime offenses result in civil lawsuits, brought either by the federal or state government, or by the victims of the offense. … The civil liabilities are often more harsh, or just as harsh, as the criminal penalties.

Is robbery a white collar crime?

Robbery is not a white-collar crime.

What is the most common punishment for white collar crime?

The penalties for white-collar offenses include fines, home detention, community confinement, paying the cost of prosecution, forfeitures, restitution, supervised release, and imprisonment. Federal Sentencing Guidelines suggest longer prison sentence whenever at least one victim suffered substantial financial harm.

How long do you go to jail for white collar crime?

Generally, this crime is considered a felony and it is punishable by incarceration in federal prison for up to 20 years depending on the amount of money involved.

What does white collar criminal mean?

Reportedly coined in 1939, the term white-collar crime is now synonymous with the full range of frauds committed by business and government professionals. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent on the application or threat of physical force or violence.

Which is worse white collar crime or street crime?

To conclude, white collar crime is far worse than street crime. Even though street crime is much more violent than white collar crime, white collar crime effects our economy more severely. Money has become a big issue, and with so many robbery’s, and other types of this crime, money is being lost at an increasing rate.

Why is white collar less serious?

Derivation of the Phrase “White Collar Crime” He based this belief on the notion that white collar criminals are typically considered less dangerous. They are believed to be less likely of recidivism. For these reasons, he lobbied for more lenient sentences for individuals convicted of these types of crimes.

Who investigates white collar crime?

Examples of white-collar crimes include securities fraud, embezzlement, corporate fraud, and money laundering. In addition to the FBI, entities that investigate white-collar crime include the Securities and Exchange Commission (SEC), the National Association of Securities Dealers (NASD), and state authorities.

How serious is white collar crime?

White-collar crime can endanger employees through unsafe working conditions, injure consumers because of dangerous products, and cause pollution problems for a community. … In addition, researchers have left virtually unexamined the damage to social morals and structures caused by white-collar crimes.