What are the different ways that corporate misconduct is now enforced by law and has been made criminal?
What will be an ideal response?
Law enforcement agencies have traditionally been reluctant to throw corporate executives in jail, but a number of well-publicized cases indicate that the government is now willing to punish high-profile corporate criminals with long prison sentences. Because scandals like Madoff and Enron have deprived so many people of their life savings and caused such disruptions in the financial markets, both justice system personnel and the general public now consider corporate crimes as more serious offenses than common-law theft offenses and their perpetrators deserving of severe punishment. Penalties have been increasing and long prison sentences are being routinely handed out for corporate crimes. The detection and enforcement of large-scale corporate crime are primarily in the hands of administrative departments and agencies. The Securities and Exchange Commission (SEC) has been given the responsibility for overseeing the nation's capital markets. If SEC investigators detect inappropriate behavior in the financial system, they may decide to bring a case in federal court or before an administrative law judge. They may seek to bar or remove someone from acting as a corporate officer and ask for an injunction. The decision to pursue criminal violations usually is based on the seriousness of the case and the perpetrator's intent. Evidence of criminal activity is sent to the Department of Justice or the FBI for investigation. In responding to the threat of large-scale corporate fraud, a number of states have created special task forces and prosecution teams to crack down on fraudulent schemes and bring perpetrators to justice. Various state legislatures have also passed new laws aimed directly at easing prosecution for corporate crimes. For example, Florida has created the Mortgage Fraud Task Force to address the issues of mortgage and foreclosure rescue fraud. The task force investigates cases in which false or misleading documents are filed to fool lenders into making mortgage loans to people who cannot hope to pay them back or on properties whose values have been grossly inflated.
You might also like to view...
The Rampart scandal showed that it is difficult to ensure the accountability of large police departments and the potential consequences of ineffective administration
A. True B. False
The parent paying child support can seek a reduction in his or her obligation due to a loss of employment, illness, disability, or unforeseen economic circumstances.
Answer the following statement true (T) or false (F)
What are the limitations of AMBER alerts?
What will be an ideal response?
In most states, certain offenses require automatic waiver of the juvenile offender into adult criminal court, which is called concurrent jurisdiction
a. True b. False Indicate whether the statement is true or false