COPORATE CRIMES
Corporate Crimes - conduct of a corporation or of individuals acting on behalf of a corporation that is proscribed and punishable by law.
“CORPORATE CRIMES ARE DIFFERENT FROM TRADITIONAL CRIMES”
6 Basic Propositions
With most traditional crimes, the fact that an offense has occurred is readily apparent; with most corporate crimes, the effect is not readily apparent
Once an offense becomes apparent, apprehending a suspect can be difficult with traditional crimes crime, but is almost easy with corporate crimes.
Once suspect has been apprehended, proving guilt is usually easy with traditional crime, but almost always difficult with corporate crime.
Once a offender has been convicted, deterrence is doubtful with traditional crime, but may be well strong with corporate crimes.
Although incapacitation is not apt to be very effective or acceptable for controlling traditional crime in a humane society, it can be highly successful strategy in the control of corporate crimes.
Even though rehabilitation has failed as a doctrine for the control of traditional crimes, it can succeed with corporate crimes.
Twelve Steps to an Effective Crackdown on Corporate Crime
Increase Corporate Crime Prosecution Budgets: The Department of Justice's corporate crime division and the Securities and Exchange Commission have been chronically under funded and therefore do not have sufficient resources to combat the corporate crime wave in the United States. This results in inadequate investigation, settlement of cases for weak fines, and ignoring many corporate crime violators completely. There needs to be a strong corporate law and order will in the White House.
Ban Corporate Criminals from Government Contracts: The US should enact a tough, serious debarment statute that would deny federal business to serious and/or repeat corporate lawbreakers. The federal government spends $265 billion annually on goods...