Topic > The History of Embezzlement - 1682

In reality, the crime of embezzlement and white-collar crime in general have a strong impact on the society around them. When an organization experiences fraudulent actions such as embezzlements, assuming the company does not close down, it must recover lost profits. Unfortunately for the consumer this usually means an increase in the prices of his goods. If the above statement is not feasible, the company must reduce hours or, in severe cases, cut all employees. Innocent employees may not be able to pay bills, loans and credit scores may be ruined. In cases involving stock fraud, this can ultimately cause investors to lose confidence in the stock market system, meaning less financial flow circulating through the markets directly impacting companies nationwide. An example is the Enron scandal following the misappropriation of investors' money which led to the complete cancellation of thousands of investors' retirement accounts. The financial stress one experiences following an event such as embezzlement is unimaginable. Innocent people are forced to completely abandon a rather comfortable lifestyle and future and reevaluate their entire lifestyle. As you can obviously see, these crimes directly affect employees, consumers and families in more ways than one. (McGrath,