Street Crime Vs Corporate Crime

Etech Flow
Jul 24, 2017 · 1 min read

Lots of people believe that street crime is a very serious problem in this country. Others however, believe that corporate crime is far worse. Without a doubt, corporate crime is far more damaging to our society than all the street crimes put together. As a matter of fact, when one compares the dollar amount lost and bodily injuries inflicted as result of both crimes, corporate crime is way ahead of street crime. The FBI estimates that the total dollar amount lost to street crimes annually is about $4 billion. Now, this figure is chump change compared to the corporate crime losses from Enron, WorldCom and Tyco. Corporate health care fraud alone costs the taxpayers of this country about $300 billion, annually. Remember the savings and loan fraud of the nineties, called the biggest white collar crime in history, when a whooping $500 billon of taxpayers’ money went down the drain.

Well, some say corporate crime is not violent compared to street crime. They say victims of corporate…

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