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Regulating Fraud Revisited

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Invisible Crimes and Social Harms

Part of the book series: Critical Criminological Perspectives ((CCRP))

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Abstract

Many frauds (and other financial crimes such as money-laundering) are partly or wholly invisible to outsiders, being planned and executed in private and/or, even where the harms themselves are evident, being hard to attribute to the criminal fault of individuals, especially when committed in an organisational context. Many frauds — such as payment- card, some ‘advance fee’ frauds, ‘boiler room’ stock scams and ‘identity crimes’ — become visible after a while, though victims may prefer to believe that they are not victims of fraud. Others, such as price-fixing cartels and the manipulation by banks of LIBOR or Foreign Exchange rates, maybe wholly invisible to the public unless a whistleblower comes forward or some other event brings it to the notice of the authorities. Changes in legislation — for example the Fraud Act 2006 — have reduced the ambiguity of fraud allegations.

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Authors
  1. Michael Levi
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Editor information

Editors and Affiliations

  1. Northumbria University, UK

    Pamela Davies (Teaching Fellow and Programme Director of Criminology), Peter Francis (Professor of Learning and Teaching and Pro-Vice Chancellor) & Tanya Wyatt (Principal Lecturer in Criminology) (Teaching Fellow and Programme Director of Criminology),  (Professor of Learning and Teaching and Pro-Vice Chancellor) &  (Principal Lecturer in Criminology)

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© 2014 Michael Levi

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Levi, M. (2014). Regulating Fraud Revisited. In: Davies, P., Francis, P., Wyatt, T. (eds) Invisible Crimes and Social Harms. Critical Criminological Perspectives. Palgrave Macmillan, London. https://doi.org/10.1057/9781137347824_12

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