Problem
A. Who was the first person to use the term "white-collar crime" and how did he define it? Provide two examples of white-collar crime in the 20th century and your own thoughts as to why it was becoming so widespread.
B. Who was Charles Ponzi and what is a Ponzi scheme? These schemes are still very much alive in the 21st century; provide a couple examples of Ponzi scheme operations today. Provide your own thoughts and comments about these types of schemes.
C. What is a "bait-and-switch," telemarketing, and pyramid scams?
D. Where is Big Tobacco today? Look at advertising and the rise or decline in tobacco use. Is there still litigation or legislation attempting to control tobacco use? Should consumers be able to sue for voluntary use of a substance?
E. Find recent cases of people becoming ill from adulterated food. Who was responsible? Were they accidents or negligence? Could they have been prevented?
Reference:
Rosoff, S. M., Pontell, H. N., & Tillman, R. (2017). Profit Without Honor: White-collar Crime and the Looting of America (7th ed.). Prentice Hall.