Analysis of White-Collared criminals with Power Theory Essay

Analysis of White-Collared criminals with Power Theory - Essay ExampleChase Manhattan is now lineament of New York-based JPMorgan Chase & Co., the third-biggest U.S. bank by assets.Crime Bennett is charged with defrauding investors of Refco Inc., a financial trading attach to to a tune of around 550 meg Dollars by concealing the information that an INVESTOR is due to the company. In this case, the strange investor is Bennett himself. Bennett takes the companys money on roller coaster with junctions being Liberty CCS, RGH, Refco, and the money finally lands at RGH, which is owned by Bennett. When this roller coaster ride of money is bought into light in October 2005 which consequently leads to his arrest and plunge of 45% of the companys share value resulting in a $1bn loss in market value, he then surrendered around 450 million dollars and thus enabling himself of pleading not guilty to the court. A perfect case of White-Collared crime.Gelegenheit macht Diebe - Opportunity creat es Thieves - indicating that it is prospect that causes us to misbehave, not any particular sort of depravity. And opportunity is, of course, nothing but another phrase for the seemingly critical volume of power. Even a confirmed thief will not deal if he has no chance of getting away with it. On the other hand, even an honest humanness will misbehave if he has the opportunity, the power to do so.2) For no one co