White-Collar Crime - Assignment Example

White-Collar Crime Give an example of and explain how white-collar crime differs from other types of crimes? Counterfeit or Forgery Counterfeit or forgery refers to the act of a person duplicating or emulating an original item’s image (mostly money) without the right to do so from the respective legal authority. Though counterfeiting is most often associated with money, it includes everything from apparel, software, accessories, medications, music and cigarettes, toys, automobile, airplane parts, to consumer and electronic goods.

Counterfeit goods’ processing mostly utilizes cheap, substandard and dangerous materials, which are even not only risky to fraudsters but also to consumers. The aim of counterfeiting encompasses making profit unfairly off another company’s good reputation. White-collar crimes are not depended upon the application of threat of physical force or violence but involve deception, manipulation, subterfuge, concealment or violation of trust while the other crimes involve threatening the life of an individual directly or causing violence.

Do you believe that white-collar crimes should be punished more harshly than other types of crime? Why or why not? According to my opinion, white-collar crimes should have face severe punishments than other types of crimes. This is because the result of white-collar crime is increased economic hardship for the normal citizen and consumer. Economic hardship in this case refers to both exploitation and even interferes with a certain state’s currency. Hence, increased cost passes onto the ordinary citizen or consumer in terms of hiked prices and decreased quality of services, for instance, software corporations.

Imitating a certain company’s original software or goods, which it produces by these fraudsters mainly tarnishes long earned reputation. This is because consumer may start rating that firms very based on fake components in the market, which criminals have sold out to wholesalers. ReferenceSiegel, L. (2011). Criminology. New York: Cengage Learning