Federal Statutes During this course, you will need to locate statutes associated with various types of crimes. Before you start working on this Assignment, complete the Learning Activity that includes...

Slide 1
FEDERAL STATUTES DEALING
WITH
WHITE-COLLAR CRIME IN USA
Introduction
United States have codified and un-codified systems of laws
Boundaries of federal law that are set out by the Constitution consist of Acts of Congress, regulations propagated by the executive branch, treaties approved by the Senate and the case law initiating from the federal judiciary
This power point presentation showcases the white-collar crimes and Anti-trust law by three Federal Statuses in the United States.
There are many stages in the law of the United States. They are codified and un-codified systems of laws. This recommends the substance of the federal government of the United States along with the civil liberties. Boundaries of federal law that are set out by the Constitution consist of Acts of Congress, regulations propagated by the executive branch, treaties approved by the Senate and the case law initiating from the federal judiciary. This power point presentation showcases the white-collar crimes and Anti-trust law. It further evaluates the three Federal Statuses that deal with white-collar crime in the United States.
2
White-Collar Crimes
Schemes for financial gain is committed by high standards corporate officials wearing luxurious custom suits and are guilty of non-violent but correspondingly serious crimes called ‘white-collar crimes’.
When elaborate schemes for financial gain is committed by high standards corporate officials wearing luxurious custom suits or an old man is charmed out of his retirement money by a harmless looking deliveryman, they are guilty of non-violent but correspondingly serious crimes called ‘white-collar crimes’. White collar crimes are insider trading, intellectual property theft, antitrust violations, counterfeiting and credit card fraud. They may not consist of violence but their impact on individuals, society and even the economy can be weakening. For example, a multi-billion dollar Ponzi scheme was operated by Bernie Madoff that has victimised thousands of investors.
3
Antitrust Law in the United States
The aim of the antitrust law is to maintain competition as the motivating strength of the US economy
The word ‘antitrust’ denotes opposition to the enormous trust that instigated to advance after the Civil War.
Enormous fortunes could be made for the first time in the industry and audacious entrepreneurs were fast to do so in an age that glorified the covetous spirit.
The aim of the antitrust law is to maintain competition as the motivating strength of the US economy. The word ‘antitrust’ denotes opposition to the enormous trust that instigated to advance after the Civil War. The economy was local until then, and manufacturers, distributors and retailers were usually small. The Civil War established the efficacy of huge scale enterprise in meeting the military’s aggressive manufacture demands and business holders were rapid to comprehend the benefit of size in enticing capital. Enormous fortunes could be made for the first time in the industry and audacious entrepreneurs were fast to do so in an age that glorified the covetous spirit.
4
Sherman Act
The Sherman Act of Antitrust law in the United States suggests the guidelines of free competition among those involved in business which was approved by former president, Benjamin Harrison of Congress.
The Sherman Act of Antitrust law in the United States suggests the guidelines of free competition among those involved in business which was approved by former president, Benjamin Harrison of Congress. It is named after its principal author, Senator John Sherman.
5
Sherman Act’s Significance
Under the Sherman Act, the federal courts have established a body of law creating certain kinds of anti-competitive manner per se illegal and putting through other kinds of manner to case-by-case study as regards to whether the manner arbitrarily restrains trade.
The Sherman Act largely prohibits anti-competitive agreements and unilateral conduct which monopolizes or tries to monopolize the related market. The Department of Justice is authorised by the Act to bring suits to enjoin or prohibit manner violating the Act and in addition, private parties if damaged by manner violating the Act are authorised to bring suits for treble damages, this means three times as much money in damages as the violation cost them. Under the Sherman Act, the federal courts have established a body of law creating certain kinds of anti-competitive manner per se illegal and putting through other kinds of manner to case-by-case study as regards to...