Discuss the various types of business crimes a business liab

Discuss the various types of business crimes, a business liability for crimes committed by a business and/or its employees, and the application of biblical principles to crime and liabitliy.

Solution

Business crime : is a broad term that include many kind of nonvoilent criminal offences involving fraud and illegle financial transections. These are various types of business crimes as follows :

Antitrust Violations: Price fixing, monopolies and other infractions of the Sherman Act and the Clayton Act

Bank Fraud: Fraud against a banking institution, including check fraud, commercial loan fraud, check kiting, and mortgage fraud

Bankruptcy Fraud: Individuals or corporations who lie to creditors or bankruptcy officials about assets or debts

Bribery: Offering money or property with the intention of influencing the behavior of others

Computer/Internet Fraud: Using the Internet or computers to defraud others

Credit Card Fraud: Using someone else’s credit card to purchase goods illegally

Counterfeiting: Copying goods (such as designer merchandise) or money, and passing off the copies as genuine

Economic Espionage: Stealing or misusing trade secrets

Embezzlement: Using money or goods entrusted to you for your own benefit

Extortion: Taking money from someone through force, coercion or threats

Forgery: Manipulating or changing a written document for monetary gain

Insurance Fraud: Defrauding insurance companies by exaggerating or fabricating claims

Money Laundering: Running money obtained illegally through a legitimate business

Securities Fraud: Can include insider trading and theft through market manipulation

Tax Evasion: Filing inaccurate IRS returns, not reporting income on tax returns, not filing tax returns.

Business liability for crimes : A corporation can be held liable for the criminal acts of it\'s employees as long as the employees are acting within the scope of employment and their conduct benefits the corporation.

corporation cannot be imprisoned or punished like individuals. However, there are ways to punish a corporation, such as:

Application of biblical principles to crime and liabitliy ::

In biblical system of justice, judges are limited to dealing with the two types of activity.

The most surprising thing is that there are not imprisonment mentioned in biblical principles. These are punishments according to  biblical principles.

1: The thief must pay his victim four times the value of what he has sold. The compensation beyond the value of what was stolen makes up for the cost of tracking down the thief.

2: People with detective skills could track down criminals on the condition that they only get paid if they get a conviction. Provided they get a conviction for about half of the crimes they investigate, they will be able to recover their costs from their clients.

3:  If the convicted thief owns property, they would probably need to sell something to make restitution. If the person does not own property, they would have to find someone, hopefully a family member or neighbour from their Ten or Hundred, who will lend them the money to make restitution. If convict fails to do so, In exchange for this loan, the criminal would become a \"bonded employee\" of the lender. While under the bond, the criminal would be provided money to cover food and shelter, but the rest of their earnings would go towards repaying the loan

4: The person who assaults another must compensate his victim for any income lost as a result of the crime. If the violent man refuses to pay, the victim could also claim the cost of obtaining compensation.

5:  Biblical principles don\'t support \'eye for an eye\' principle because if a man kill the other then he cannot be killed in revenge.