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Page 1: Essentials Of Business Law Chapter 3 Criminal Law Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

Essentials Of Business Law

Chapter 3

Criminal Law

Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin

Page 2: Essentials Of Business Law Chapter 3 Criminal Law Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

Essentials of Business Law Chapter 3-2

Crime

Crime Violation of a statute

Tort Private wrong that causes injury

Actions can be both, a crime and a tort

Page 3: Essentials Of Business Law Chapter 3 Criminal Law Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

Essentials of Business Law Chapter 3-3

Classification Of Crimes

Treason Levying war against the United States Giving aid to nation’s enemies

Felony Serious crime against society

• Murder• Arson• Larceny• Bribery• Embezzlement

Page 4: Essentials Of Business Law Chapter 3 Criminal Law Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

Essentials of Business Law Chapter 3-4

Classification Of Crimes

Misdemeanor Less serious offense

• Traffic violations• Thefts of small amounts of money• Illegal picketing

Page 5: Essentials Of Business Law Chapter 3 Criminal Law Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

Essentials of Business Law Chapter 3-5

Crimes In The Business World

White-collar crimes Non-violent crimes Committed by business firms Committed against business firms Felony Misdemeanor

Page 6: Essentials Of Business Law Chapter 3 Criminal Law Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

Essentials of Business Law Chapter 3-6

Examples Of White-collar Crimes

Embezzlement

Stock swindles

Insurance company fraud

Credit card fraud

Income tax evasion

Computer fraud

Theft of computer programs

Price fixing agreements

Insider stock trading

Page 7: Essentials Of Business Law Chapter 3 Criminal Law Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

Essentials of Business Law Chapter 3-7

Crimes In The Business World

Arson Willful burning of a house or building Burning to defraud

Larceny Theft – grand and petty Robbery – threat of bodily harm Burglary – illegal entry to commit a crime Hijacking – stealing a vehicle or from a vehicle in

transit Shoplifting – stealing merchandise

Page 8: Essentials Of Business Law Chapter 3 Criminal Law Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

Essentials of Business Law Chapter 3-8

Crimes In The Business World

Forgery Making or altering the writings of another

Bribery Giving or receiving money or property with the

intent to influence

False pretenses Deceiving others to obtain goods by making

false claims

Page 9: Essentials Of Business Law Chapter 3 Criminal Law Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

Essentials of Business Law Chapter 3-9

Crimes In The Business World

Perjury False oral or written statements made under

oath

Embezzlement Wrongful taking of an employers money or

property

Extortion Demanding money or property by threatening

or forcing another

Page 10: Essentials Of Business Law Chapter 3 Criminal Law Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

Essentials of Business Law Chapter 3-10

Other Business Related Crimes

Credit card fraud Counterfeit cards Altering charge slips Illegally obtaining card numbers

Insider trading Using non-public information for personal

financial gain