Business Related Crimes Chapter 4.1 Ms. Tallman

Larceny Commonly known as “theft” The wrongful taking of money or personal property belonging to someone else INTENT to deprive owner of it Types of larceny: Robbery, burglary, shoplifting, pick pocketing, purse snatching What is the difference between robbery and burglary?

Receiving Stolen Property KNOWINGLY receiving OR buying property that is known to be stolen INTENT to deprive owner of the property Receiver is known as a “fence” What about unknowingly purchasing stolen property?

False Pretenses A type of FRAUD Obtaining money or other property by lying about past or existing facts Why is this different than larceny?

Forgery Type of FRAUD Falsely copying or altering writing to defraud another Typically a felony What if someone authorizes the forger to sign their name?

Bribery Unlawful offering or giving anything of value to influence performance of an official in the carrying out of his or her public or legal duties als_in_the_United_States Bribing nongovernment employees is called commercial bribery Is accepting the bribe a crime? Foreign Corrupt Practices Act of 1977 – prohibits MOST instances of bribery by US companies in foreign countries

Computer Crime Problematic to charge with a crime as larceny is considered “taking” while many computer criminals merely “copy and paste” data or information Erasing the original also isn’t considered larceny as there is not taking of “personal property” Federal Computer Fraud and Abuse Act and other are created to target computer-related crimes

Extortion Also known as Blackmail Using force, fear, or the power of office to obtain money or other property from a person In 1998, Autumn Jackson came forward claiming to be Bill Cosby's illegitimate child. She threatened to leak her story to media outlets unless she received $40 million from the actor. The only thing she got from the actor was five years of jail time.

Extortion Cont’d A Southern California computer science student pleaded guilty Tuesday to hacking the computers of Miss Teen USA and other young women, secretly photographing them and threatening to post the pictures online if they didn't send him more naked photos. Tom Cruise wed actress Katie Holmes in One year later, Marc Lewis Gittleman (aka the "Sultan of Sleaze") stole their wedding photo and demanded $1.3 million for it's return. Gittleman was later sentenced to two years probation but in September 2009 he hanged himself.

Conspiracy An agreement between two or more people to commit a crime The conspiracy is SEPARATE from the planned criminal act A business conspiracy can be between two executives of competing corporations to fix prices or divide markets

Arson Willful and illegal burning or exploding of a building INTENT Occurs often in business to defraud an insurer cases/oklahoma-city-bombing