Fraud, corruption, and corporate crime serve as examples of white-collar crime. Alone or in combination, they can contribute to the collapse of corporations or even be instrumental in a national or global financial crisis as happened in 2007–2008. Fraud and corruption raise ethical issues and indicate dishonest behavior. Legislation addressing fraud should also include corruption as a criminal offense. The recent crisis in the Eurozone has focused attention on corruption. In the case of Greece, for example, corruption is endemic and has stifled development of the country’s economy and the modernization of its public service for decades. Corruption of this nature on such a large scale is a malignant cancer that sinks a country ever deeper into national debt.
Reference:
Krambia-Kapardis, M. (2016). Corporate fraud and corruption. DE: Springer Nature.
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