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Class notes Soc225 (SOC225)
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MODULE 10White-Collar,
Corporate, and
Organized
Crime
©2012 McGraw-Hill Ryerson Ltd.
,MODULE 10 LEARNING OBJECTIVES
1. Explain what is meant by white-collar crime.
2. Explain how white collar crime differs from corporate crime.
3. Analyze how the structure of the modern corporation facilities
criminal activity.
4. Explain the physical and social harm caused by white-collar
crime in Canada.
5. Identify the characteristics of organized crime.
6. Discuss the difficulties in regulating corporations, and
controlling corporate and organized crime.
©2012 McGraw-Hill Ryerson Ltd.
, DEFINING WHITE-COLLAR CRIME
commit crime through opportunities presentedbeeange
at their
occupation
• “A crime committed by a
person of respectability and
high social status in the course
of his occupation.” - Edwin
Sutherland (1940)
workers
blue collar hands on
Martha Stewart, an icon of good homemaking, was
accused of selling thousands of shares of ImClone Systems
Inc., stock just prior to the company’s announcement that it
failed to receive U.S. Food and Drug Administration
approval for an anticancer drug. Was this insider trading?
Did she trade on material, non-public information?
©2012 McGraw-Hill Ryerson Ltd. LO1
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