White Collar Crime Essay Example | Topics and Well Written Essays - 500 words

White Collar Crime - Essay Example 214). In the United States of America, the punishments for white-collar criminals include fines, imprisonment, probation, and other similar punishments. The law that regulates white-collar crimes in the United States is the Sarbanes-Oxley Act, which is a federal criminal law that protects public and shareholders from fraudulent practices (Green, 2004). There are three main rules, which regulate this law. Ge and McVay (2005) state, â€Å"The Sarbanes-Oxley Act (SOX) of 2002 requires the implementation of many new rules and procedures†. The first rule prevents people from altering, destroying, or mutilating any financial record. The second rule holds accountants responsible for maintaining the audit reports for a period of 5 years. The third rule ensures the retention of all types of business records and electronic transaction records. Although complete prevention of white-collar crimes is not possible, but the government of America has been successful in reducing the white-collar crime rate to some extent through implementing such policies that restrict higher officials from accessing the private records. Although this strategy has decreased in the United States of America over the last decade, but we cannot consider it a notable decrease. The reason is the rise of technology, which has made it easier for criminals to access the private records of banks, organizations, and other financial institutions. Two other strategies, which have been successful in the reduction of white-collar crimes, are Crime Prevention through Environmental Design (CPTED) and Crime Prevention through Awareness and Procedural Design (CPTAPD). People commit white-collar crimes when they see that the chances of incarceration are less as compared to the benefits of crimes. The government of America has also achieved success in reducing the white-collar crimes by setting a corruption-free system. A

The Significance Of The GI BILL Personal Statement

The Significance Of The GI BILL - Personal Statement Example College and home ownership were, prior to the G.I. Bill, thought of as unreachable by those who were not considered privileged in society. Higher education such as university was seen as a privilege reserved for the children of the upper echelon of America. The tuition assistance and the living stipend from the G.I. Bill changed that in short order and veterans flooded classrooms across the United States. With the gift of education, a higher standard and quality of life were guaranteed for many, as well as jobs with better pay and more stability. Low-interest home loans also contributed as returning veterans saw the once unreachable dream of home ownership finally within their grasp due to federally backed funding. They were able to move from apartments in the city to houses in quickly-growing suburbs, which meant expansion for cities and towns around the United States. This, in combination with their educational assistance, provided even greater stability to those that had served th eir country. The ripple effect of better education leading to better jobs with more pay, thus more money to spend and contribute to the economy, was felt throughout the nation in the years after World War II and made the G.I Bill significantly not only to each and every veteran that received its assistance but to the country as a whole. Other benefits were offered in the G.I. Bill that made a world of difference to returning veterans. Alongside home loans, veterans could apply for guaranteed business loans.