- The Oxford Handbooks in Criminology and Criminal Justice
- The Oxford Handbook of White-Collar Crime
- Core Themes in the Study of White-Collar Crime
- The Roots and Variant Definitions of the Concept of “White-Collar Crime”
- Theoretical, Empirical, and Policy Implications of Alternative Definitions of “White-Collar Crime”: “Trivializing the Lunatic Crime Rate”
- What Is Known and What Should Be Known About White-Collar Crime Victimization?
- The Costs of White-Collar Crime
- Who Commits White-Collar Crime, and What Do We Know About Them?
- White-Collar Criminals: Ethnographic Portraits of Their Identities and Decision Making
- The Pool of Potential White-Collar Criminals: Whence?
- Middle-Class Crime: Moral Economies Between Crime in the Streets and Crime in the Suites
- Gender Constructions
- Adolescent Precursors of White-Collar Crime
- White-Collar Criminal Participation and the Life Course
- Developmental Perspectives on White-Collar Criminality
- White-Collar Crimes of the Financial Crisis
- Organizational Political Economy and White-Collar Crime
- Economic Fluctuations and Crises
- Cultural Variation
- Criminal Decision Making in Organizational Contexts
- Opportunities for White-Collar Crime
- Employee Theft
- Criminogenic Organizational Properties and Dynamics
- Organizational Self-Restraint
- Oversight and Rule Making as Political Conflict
- Regulation: From Traditional to Cooperative
- Comparing Assumptions Underlying Regulatory Inspection Strategies: Implications for Oversight Policy
- The Credibility of Oversight and Aggregate Rates of White-Collar Crime
- Investigating and Prosecuting White-Collar Criminals
- Sentencing Respectable Offenders
- Effects on White-Collar Defendants of Criminal Justice Attention and Sanctions
- White-Collar Crime and Perceptual Deterrence
- The Practical Challenges of Responding to Corporate Crime
- Public Opinion and Public Policy on White-Collar Crime
Abstract and Keywords
Some white-collar offenders receive very long prison sentences. However, many others are able to cut deals, especially if there is the risk of serious collateral damage to employees or customers or if they can portray their conduct as unintended. The low chance of conviction and the high chance of a “light” sentence for complex, multiple-jurisdiction frauds involving sums of money that are vast compared with other types of crime for gain should make us reflect on the effectiveness, dissuasiveness, and proportionality of existing sentencing practices. The criminal careers of fraudsters and their stakes in respectability vary, and we cannot make clear evidence-based decisions on how sentencing will affect them. If conviction and formal censure alone were sufficient to put an end to offending (as for some professionals who lose their licenses), then the only reasons for tougher sentences would be retribution and a social demand for equality of suffering.
Michael Levi, PhD, is Professor of Criminology at Cardiff University.
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