White-collar crime—crime committed by persons of affluence, often in the cou

游客2023-10-18 37

问题 White-collar crime—crime committed by persons of affluence, often in the course of their business activities—includes corporate crime, fraud, embezzlement, corruptions, bribery, tax fraud or evasion, stock manipulation, misrepresentation in advertising, restraint of trade, and infringements of patents. Fraud and theft in the retail industry increases the cost of many items by at least 15 percent. The cost of public construction is increased between 10 and 50 percent by bribery resulting in overcharges to taxpayers of more than $2 billion annually. Insurance frauds are common. In fact, the biggest theft in American history was not the robbery of a bank or an armored car, but the $1 billion Equity Funding fraud master-minded by executives of a Los Angeles-based insurance company in the late 1970s, and taxpayers who do not tell the Internal Revenue Service exactly how much they earn cost the government an estimated $100 billion in 1986.
The American criminal justice system is not equipped to deal with white-collar crime. Unlike a robbery, a stock or insurance fraud is complete and difficult to be exposed. Local law enforcement officials commonly lack the still and resources necessary to tackle crimes outside the sphere of street crime. Federal agencies will handle only the more serious while-collar crimes. And the handful of white-collar criminals who are taken to court are only given a slap on the wrist. Street criminals who steal $100 may find their way to prison, while the dishonest executive who embezzles $1 million may receive a suspended sentence and a relatively small fine.
Federal statistics indicate that embezzlers at banks steal nine times more than bank robbers. Yet whereas only 10% of the embezzlers go to jail, 90% of bank robbers end up in jail.
Directions: Complete the following sentences with information given in the passage in a maximum of 10 words for each blank. [br] According to the writer, taxpayers are overcharged more than $2 billion because of______.

选项

答案 bribery

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