White Collar Crimes

Since social power is essential in all trust relationships, it is simple to use that power for one's own advantage, instead of using it to sustain the social relationship as required by the standard of mutual benefit. White collar crime is the violation of a position of trust by someone in a formal role relationship with another person for private profit or other personal advantage. Another kind of white collar crime is committed by employees or employers who violate their position of trust in a company for private gain. Again there is a social relationship and again an employee may use social power, the right to use equipment; the right to handle funds; the right to order supplies, for private gain.

In conflict ridden societies, there are many obstacles to the free use of information. Capitalists withhold knowledge until they get a profit. Patent law, copyright law, licensing law and contract law all give 'owners' of information a legal basis for withholding it.

In this case Victor committed a white collar crime Counterfeiting: Occurs when someone copies or imitates an item without having been authorized to do so and passes the copy off for the genuine or original item. But also I would think that Victor also committed Embezzlement: The wrongful conversion of the property of another by one who is lawfully in possession of that property. From my point of view Victor was involved in both these types of white collar crimes. It was also unethical and wrong business practice by Victor to do so. John on the other hand can make it right by letting the authorities know about the fact of the crime and stopping the illegal practice by Victor.

Reference List:

Kubasek (). Legal Environment of Business [5] (VitalSource Bookshelf), Retrieved from http://digitalbookshelf.argosy.edu/books/0558228925/id/pg198

National Check Fraud Center. Types of White-Collar Crime. Retrieved on December 1, 2012, from http://www.ckfraud.org/whitecollar.html