For example, in December of 2001, Martha Stewart sold over 3,000 shares of Imclone System Stocks to save her $45,000 on her ImClone stocks. She was convicted of conspiracy, false statement, and prejury changes. For this crime she was only sentenced to 10 months imprisonment, had to pay fines and penalties that exceeded $250,000, and was no longer allowed to be President of Martha Stewart Living Omni-media.
No lets take a look at the penalties for committing a street crime such as drug dealing and manufacturing. In Kansas if you convicted of manufacture of a controlled substance, you face up to 17 years of imprisonment, and a $500,000 fine. Also in Kansas if you are convicted of distribution of marijuana, other stimulants, depressants, hallucinogens, or anabolic steroids, you face a 4 years, 3 months Jail sentence, and up to a $300,000 fine for you first offense; For your second offense you face up to 17 years in prison and a $500,000 fine.
Now I know what your thinking, how can Martha Stewart only get a 10 months sentence when she basically stole millions of dollars and her fine is exactly the same as someone who only sold drugs, and they get a longer sentence. Well that is the way Social class works. Even though white collar crimes effect our country more than street crimes do, we are putting people away for long periods of time for sealing drugs, when someone can steal millions of dollars and basically walk away.
Published by Amber
Im a current student at SJRCC in Palatka, Fl where I am studying to be a Nuclear Medicine Technologists. View profile
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Crime News for June 20
Read about crime that has not been heavily publicized, but is just as important
- Crime and Beach Towns: Should There Be an Enforced Curfew? Everyone loves to have fun and do things that they normally might not do when they are on vacation. For many this includes pushing the limits of what is legal. Unfortunately some don't know what that line is, and that...
- Rising Violent Crime and the FBI's Uniform Crime Reports in Post 9-11 America The essay presents the limitations of the UCR and their impact on crime statistics. It suggests that today's apparent rise in crime may not be a real increase, but rather might be explained by such issues as altered...
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White Collar Crimes Explained
Today, through much debate, the term is generally applied to any form of various nonviolent offenses that are committed in a business or professional setting for capital gains.
- The Causes of White Collar Crime Article elaborates on the reasons people are more than willing to commit white collar crimes.
- Why White Collar Crimes Should Be Called Financial Crimes
- White Collar Crimes: How Companies Are Turned Upside Down
- Sentencing White Collar Criminals
- White Collar Crime
- Understanding White Collar Crime Theory
- Theories Behind White Collar Crime
- Occupational, Organizational and Computer Crimes
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5 Comments
Post a CommentYour article was good, but proofread your work.
you spelled perjury wrong
Hello everybody
Street crime statistically involves more violence than white collar crime.
If Martha sold the stock for $45,000 I don't see how you can say she basically stole millions of dollars.