Subjects

Criminology

Social justice

Exploring Big Kid Crimes: Money Tricks and War Stuff

Name: Knowunity
Brand: Knowunity

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Exploring Big Kid Crimes: Money Tricks and War Stuff

Saffron

@saffron

3,296 Followers

A comprehensive examination of various crime types with special focus on white collar crime analysis, including detailed case studies and victim impacts.

White collar crimes encompass a range of sophisticated financial frauds committed by high-status professionals
Corporate and organized crimes significantly impact multiple victim groups, from individual consumers to government entities
Impact of telemarketing fraud on victims is particularly severe among elderly and non-native English speakers
Case studies like Bernie Madoff demonstrate the complexity and devastating effects of financial schemes
Understanding war crimes and political offenses forms part of the broader crime classification framework

10/28/2022

313

AC 1-1-Analyse different types of crime
war crime
-political"
•police brutality
human attempted
rights
murder
assault
hate crime
second degr

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Overview of Crime Types and White Collar Crime

This page provides a comprehensive overview of different types of crimes, with a particular focus on white collar crime. It categorizes crimes into various groups, including individual crimes, organized crimes, and corporate crimes.

Definition: White collar crime is defined as a crime committed by a person of respectability and high social status in the course of their occupation.

The document highlights various forms of white collar crime, such as:

Bankruptcy fraud
Healthcare fraud
Insurance fraud
Computer/internet fraud
Credit card fraud

Example: Telemarketing fraud is presented as a specific type of white collar crime, often targeting vulnerable groups such as immigrants or elderly individuals.

The page also mentions other types of crimes, including:

War crimes
Political offenses
Hate crimes
Domestic abuse
Drug-related crimes

Highlight: The document emphasizes the impact of telemarketing fraud on victims, noting that 80% of victims are elderly, likely due to their lower awareness of such schemes.

View

Case Study: Bernie Madoff's Ponzi Scheme

This page presents a detailed case study of Bernie Madoff, a notorious white collar criminal who ran the largest Ponzi scheme in history.

Key points about Madoff's scheme:

Madoff took money from investors but didn't actually invest it.
He used new investors' money to pay returns to existing investors.
The scheme continued as long as there was more money coming in than needed to pay out.

Factors that allowed Madoff to succeed:

Nearly 50 years of experience in investing
Reputation as a "financial wizard"
Chairman of the Nasdaq stock exchange
Track record of clients making significant profits

Quote: "People wanted to invest with Madoff... He was known as a financial wizard."

How Madoff operated:

Sent fake reports to investors showing excellent performance
Maintained a steady rate of returns with no highs or lows
Paid dividends and withdrawal requests using money from new investments

Highlight: Madoff's scheme demonstrates the sophisticated nature of white collar crime analysis, showing how trust and reputation can be exploited in financial fraud.

View

Page 4: The Bernie Madoff Case Study - Part 2

This page continues the Madoff case analysis, focusing on how he maintained the fraud and avoided detection for so long.

Highlight: Madoff carefully selected a 12% return rate as it was high enough to attract investors but not so high as to raise suspicions.

Example: The scheme's success relied heavily on targeting clients who weren't financially educated enough to question the complex proceedings.

Quote: "The ultra-high returns persuaded clients to ignore anything suspicious."

View

Characteristics of White Collar Criminals and Public Awareness

This page delves into the typical profile of white collar criminals and the level of public awareness regarding these crimes.

Characteristics of typical white collar offenders include:

Generally male
Older (40 years and above)
Skilled with technology
High up in their organization with access to necessary resources
Employed in commercial settings
Of high respectability and social status

Highlight: The document emphasizes that white collar criminals are often in positions of high status, which allows them to go unsuspected and potentially pay their way out of trouble.

The page discusses the level of public awareness for different types of white collar crime:

General white collar crime: Low awareness due to the complexity of transactions and sophisticated means used to hide criminal activities.
Phone and telemarketing fraud: Higher awareness, especially among younger people.
Bankruptcy fraud: Low awareness as it primarily affects businesses rather than individuals.

Vocabulary: Deviant - A term used to describe white collar criminals, emphasizing that their actions cause significant harm despite their respectable appearance.

The document also notes the limited media coverage of white collar crimes, contributing to low public awareness.

View

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Subjects

Criminology

Social justice

Exploring Big Kid Crimes: Money Tricks and War Stuff

Saffron

@saffron

3,296 Followers

A comprehensive examination of various crime types with special focus on white collar crime analysis, including detailed case studies and victim impacts.

White collar crimes encompass a range of sophisticated financial frauds committed by high-status professionals
Corporate and organized crimes significantly impact multiple victim groups, from individual consumers to government entities
Impact of telemarketing fraud on victims is particularly severe among elderly and non-native English speakers
Case studies like Bernie Madoff demonstrate the complexity and devastating effects of financial schemes
Understanding war crimes and political offenses forms part of the broader crime classification framework

10/28/2022

313

Criminology

Overview of Crime Types and White Collar Crime

Definition: White collar crime is defined as a crime committed by a person of respectability and high social status in the course of their occupation.

The document highlights various forms of white collar crime, such as:

Bankruptcy fraud
Healthcare fraud
Insurance fraud
Computer/internet fraud
Credit card fraud

Example: Telemarketing fraud is presented as a specific type of white collar crime, often targeting vulnerable groups such as immigrants or elderly individuals.

The page also mentions other types of crimes, including:

War crimes
Political offenses
Hate crimes
Domestic abuse
Drug-related crimes

Highlight: The document emphasizes the impact of telemarketing fraud on victims, noting that 80% of victims are elderly, likely due to their lower awareness of such schemes.

Case Study: Bernie Madoff's Ponzi Scheme

This page presents a detailed case study of Bernie Madoff, a notorious white collar criminal who ran the largest Ponzi scheme in history.

Key points about Madoff's scheme:

Madoff took money from investors but didn't actually invest it.
He used new investors' money to pay returns to existing investors.
The scheme continued as long as there was more money coming in than needed to pay out.

Factors that allowed Madoff to succeed:

Nearly 50 years of experience in investing
Reputation as a "financial wizard"
Chairman of the Nasdaq stock exchange
Track record of clients making significant profits

Quote: "People wanted to invest with Madoff... He was known as a financial wizard."

How Madoff operated:

Sent fake reports to investors showing excellent performance
Maintained a steady rate of returns with no highs or lows
Paid dividends and withdrawal requests using money from new investments

Highlight: Madoff's scheme demonstrates the sophisticated nature of white collar crime analysis, showing how trust and reputation can be exploited in financial fraud.

Page 4: The Bernie Madoff Case Study - Part 2

This page continues the Madoff case analysis, focusing on how he maintained the fraud and avoided detection for so long.

Highlight: Madoff carefully selected a 12% return rate as it was high enough to attract investors but not so high as to raise suspicions.

Example: The scheme's success relied heavily on targeting clients who weren't financially educated enough to question the complex proceedings.

Quote: "The ultra-high returns persuaded clients to ignore anything suspicious."

Characteristics of White Collar Criminals and Public Awareness

This page delves into the typical profile of white collar criminals and the level of public awareness regarding these crimes.

Characteristics of typical white collar offenders include:

Generally male
Older (40 years and above)
Skilled with technology
High up in their organization with access to necessary resources
Employed in commercial settings
Of high respectability and social status

Highlight: The document emphasizes that white collar criminals are often in positions of high status, which allows them to go unsuspected and potentially pay their way out of trouble.

The page discusses the level of public awareness for different types of white collar crime:

General white collar crime: Low awareness due to the complexity of transactions and sophisticated means used to hide criminal activities.
Phone and telemarketing fraud: Higher awareness, especially among younger people.
Bankruptcy fraud: Low awareness as it primarily affects businesses rather than individuals.

Vocabulary: Deviant - A term used to describe white collar criminals, emphasizing that their actions cause significant harm despite their respectable appearance.

The document also notes the limited media coverage of white collar crimes, contributing to low public awareness.