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Corporate ScandalsCorporate scandals refer to the scandals that involved the allegations of people with unethical behavior acting on behalf of or within a corporation. It sometimes involved financial fraud and others. In criminology terms, the corporate scandals are crimes that are being committed either any business entity or corporation. The scandals may involve individuals that are identified within the corporation or those legal personalities that are directly involved with the managing of the activities within the company. The corporate scandals can be related with white-collar crimes as the individuals involved in the scandals are the ones acting and representing the interests of the company. Also, the individuals are all professional employees and of higher social classes. The scandals can also be related with the organized crimes because the individuals involved in the scandals usually set up corporation either for the crime purposes as well as building vehicles that they can use for the laundering process of proceeding with the crime. Organized crimes have become a big branch of criminal business nowadays. It even reached more than 150 sovereign states in the whole world as well as affecting the world trade. In some countries, the corporate scandals have become politically sensitive. In the United Kingdom , the effects of corporate scandals have followed numerous fatal disasters on the rail network as well as at the sea. The corporate scandals are generally called as the “corporate manslaughter” that involves more general forums about the technology hazards it can bring to any business enterprises. Nowadays, the corporate scandals pose important threats to the community welfare. Because of this, the potential for both physical and economic harm caused by the scandals are great with the given extensive presence of the companies in wide ranges of activities in the society as well as the impact of their actions on huge group of people who are affected by the actions of the individual involved.
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