1. What is a business crime?

Answer:
Corporate And describe three examples:
2. Describe three examples of business crime:
Financial crime: is crime committed against property, involving the unlawful conversion of
the ownership of property (belonging to one person) to one's own personal use and
benefit. Financial crimes may involve fraud (cheque fraud, credit card fraud, mortgage
fraud, medical fraud, corporate fraud, securities fraud (including insider trading), bank
fraud, insurance fraud, market manipulation, tax evasion; bribery; sedition;
embezzlement; identity theft; money laundering; and forgery and counterfeiting, among
others.
Employee Theft: Employee theft is defined as any stealing, use or misuse of an employer’s
assets without permission. 1 The term employer’s assets are important because it implies
that employee theft involves more than just cash.  In many industries, there are much
more important things than cash that employees can steal from a company, like time,
supplies, merchandise, information, among others.
Internet crime: is a crime that involves a computer and a network. The computer may have
been used in the commission of a crime, or it may be the target. Cybercrime may threaten
a person or a nation's security and financial health. Some examples of Internet or
Cybercrime are: cyberterrorism, cyberextortion, cybersex trafficking, among others.

3. Who is liable for a Business crime?

Answer:
Pursuant to criminal law, the company may commit any of the conduct classified as crimes,
one that has the character of a director, administrator, officer, employee, attorney or
service provider of any legal entity, during the time it works with the same.

In crimes related to operations with resources of illicit origin, the company will also be
responsible if any of those listed commits the illicit within two years of having separated
from any of said charges.

4. Mention two of the possible penalties for business crimes:

Answer:
The criminal penalties for white collar crimes vary. Most of the laws authorize a monetary
fine, a prison sentence or a combination of the two. The criminal laws authorize
maximum penalties, which are often quite severe. Most defendants, however, receive less
than the maximum sentence.
5. According to the lecture which are the elements of a business crime?
Answer:
 Intent – The defendant must intentionally commit an unlawful, wrongful act.
 Disguise and concealment – The defendant hides or conceals their criminal activity.
 Knowledge – The defendant must have known that they committed the crime.
 Reliance – The plaintiff or victim relied on the defendant’s fraudulent act or scheme

6. What does it mean the term white collar crimes?
Answer:
The actual term 'white collar' refers to the collared shirts that such professionals typically
wear, (i.e. a suit), in contrast to how many people imagine criminals, as perhaps being
less wealthy and elite members of society.

7. Explain the concept of Sarbanes-Oxley (SOX) Act of 2002:

Answer:

The Sarbanes-Oxley Act of 2002 came in response to financial scandals in the early 2000s
involving publicly traded companies such as Enron Corporation, Tyco International plc,
and WorldCom. The high-profile frauds shook investor confidence in the trustworthiness
of corporate financial statements and led many to demand an overhaul of decades-old
regulatory standards.

8. According to the definition of Honest Services Fraud there are three parts involve, which
is the roll of each part?
Answer:
 someone who pays a bribe,
 someone who accepts the bribe, and
 someone who's harmed by the transaction.

9. Define the obstruction of justice crime:

Answer:
the crime or act of willfully interfering with the process of justice and law especially by
influencing, threatening, harming, or impeding a witness, potential witness, juror, or
judicial or legal officer or by furnishing false information in or otherwise impeding an
investigation or legal process
10. Define computer crime:
Answer:
Cybercrime, also called computer crime, the use of a computer as an instrument to further
illegal ends, such as committing fraud, trafficking in child pornography
and intellectual property, stealing identities or violating privacy. Cybercrime, especially
 through the internet, has grown in importance as the computer has become central to
commerce, entertainment, and government.

11. Define Commercial Bribery:

Answer:
Commercial bribery is a form of bribery which involves corrupt dealing with the agents or
employees of potential buyers to secure an advantage over business competitors. It is a
form of corruption which does not necessarily involve government personnel or facilities.