All members of the relevant communities work together to control crime through mutual trust. However, when trust or confidence in the police is lacking or non-existent, the possibility of reducing actual levels of crime will be diminished. Some white-collar criminals suffer from personality disorders such as psychopathy. Psychopathy can be characterized by fearlessness, antisocial behavior combined with high social attention seeking, immunity to stress, egoism, and self-centered impulsivity.
To outsiders, Darrin Campbell was the picture of an unassuming prosperous executive.
However, records show that Campbell was at the center of a securities fraud scandal that accompanied the collapse of Tampa-based Anchor Glass Container Corporation, then the third-largest manufacturer of glass containers in the USA. Shareholders accused him and other executives of failing to disclose financial weaknesses before a public stock offering, leading to lawsuits and a multimillion-dollar settlement. As part of the settlement, Campbell did not have to admit wrongdoing.
Yet, after this incident, there were speculations that perhaps Campbell and his family were having financial problems. Campbell can be seen purchasing items that he would eventually use to kill and burn their home with. What transformed a year-old executive into a methodical killer who eventually committed suicide? Brody and Perri reflect on this question by discussing negative life events as a major cause of most suicides.
Ex-Refco Chief Faces Civil Fraud Charges
Similarly, Kang and Thosuwanchot describe four categories of suicide that all have the aspects of negative life events for white-collar offenders. First, egoistic suicide is filled with apathy, indolent melancholy with complacence. Second, altruistic suicide is filled with energy of passion or will, with calm feeling of duty, mystic enthusiasm, or peaceful courage. Third, anomic suicide is filled with irritation or disgust, with violent recriminations against life in general or against one particular person.
Fourth, fatalistic suicide is derived from excessive regulation, that of persons with futures pitilessly blocked and passions violently choked by oppressive discipline. If material is not included in the chapter's Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. Skip to main content Skip to sections. Advertisement Hide. Open Access.
First Online: 23 March Download chapter PDF. Financial Motive Threat of bankruptcy or threat of other kinds of financial loss is a frequent economical motive for white-collar crime. According to Piquero , the fear of falling is strong among members of the elite. Kouchaki and Desai : found that the threat of falling may lead to unethical behavior: Perceived threat engenders self-protective defenses that cause people to focus narrowly on their own needs, which interfere with adherence to moral principles and encourage unethical acts.
Kang and Thosuwanchot : recount the following story: Philip R. In their article on organizational dynamics to understand causes and effects of top management fraud, Zahra et al. The behavioral willingness to commit white-collar crime can be reversed when fraud is detected. Especially in cases of personality disorder, a possible outcome is detection suicide. Brody and Perri : recount the following story: To outsiders, Darrin Campbell was the picture of an unassuming prosperous executive. Ashkanasy, N.
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Lawyer sentenced to prison for role in $2.4 billion fraud at Refco
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