Pub. date: 2004 | Online Pub. Date: September 15, 2007 | DOI: 10.4135/9781412952415 | Print ISBN: 9780761926498 | Online ISBN: 9781412952415| Publisher:SAGE Publications, Inc.About this encyclopedia
Joseph W. Koletar
The phrase economic crime refers to a dizzying range of offenses. The concept is complicated by the fact that most crimes have as their primary motive financial gain. Despite this, not all crimes are defined as economic crimes. Thus, armed robbery, extortion, and burglary are meant to achieve economic gain and they rely on either active or passive elements of force to achieve their objective, but they are not defined as economic crimes. What the term economic crime does encompass, though, depending upon its usage, is corporate crimes, white-collar crimes, occupational crimes, governmental program frauds, and street crimes of an economic nature. Economic crimes are the opposite of good government or government transparency. Economic crimes can be committed by a wide range of individuals or groups, including a sovereign entity such as a nation state, a legal entity such as a corporation, a group of people, or a lone individual. ...