White collar and corporate crime

• Croall - White collar crime

  Type of crime such as fraud which is carried out for personal financial gain by people in positions of status and responsibility

  • E.g, MPs misusing tax money to fund lifestyles, exploiting the system and wasting public funds on staying in hotels
• Corporate crime - Nestle

  • Promoted baby formula as better than breast milk designed to mislead people in deprived areas
  • Employed sales women to promote and give free samples but thousands of infants died due to lack of nutrients > water was contaminated and was used in the formula
• Corporate crime - Coca-cola

  • Contaminated ground water in India and produced toxic sludge, killing local animals and farmers jobs
  • When coke was first invented it was falsely advertised as medicine, reality was it contained wine and cocaine
  • Was sold in schools to get children addicted early, faced health issues
• Pourtney

  State crime could be considered a third type of white collar crime

  • Difficult to estimate / investigate = those who commit use status resulting from higher social class > cover up offending and escape arrest
  • No obvious victims = people often ignorant they're victims > both crimes are consequence of complex and invisible process involving manipulation of technical knowledge
  • Companies = reluctant to report these types of crime > it generates bad publicity > may reduce client confidence in them