AN ANALYSIS OF 547 ADVERSE DECISIONS MADE BY COURTS AND COMMISSIONS AGAINST 70 LARGE INDUSTRIAL AND MERCANTILE CORPORATIONS IN THE UNITED STATED INDICATED THAT ALL OF THE CLASSES OF BEHAVIOR REGARDING WHICH THE DECISIONS WERE MADE ARE LEGALLY DEFINED AS SOCIALLY INJURIOUS. A REVIEW OF THE FOUR TYPES OF LAWS COVERING THE PROSCRIBED BEHAVIORS CONSIDERED (ANTITRUST, FALSE ADVERTISING, VIOLATIONS OF NATIONAL LABOR RELATIONS LAWS, AND INFRINGEMENT OF PATENTS, COPYRIGHTS, AND TRADEMARKS) SHOWED THAT EACH PROVIDES A PENAL SANCTION AND THUS MEETS THE SECOND CRITERION IN THE DEFINITION OF CRIME. THIS CONCLUSION IS MADE MORE SPECIFIC BY AN EXAMINATION OF THE PENAL SANCTIONS PROVIDED IN THE LAWS. IT IS SHOWN THAT THE CORPORATIONS COMMITTED CRIMES ACCORDING TO 473 ADVERSE DECISIONS, ALTHOUGH THE CRIMINALITY OF THEIR BEHAVIOR WAS BLURRED AND CONCEALED BY SPECIAL PROCEDURES. THREE FACTORS WHICH ASSIST IN EXPLAINING THIS DIFFERENTIAL IMPLEMENTATION OF THE LAW (AND THE ACCOMPANYING ELIMINATION OF THE STIGMA OF CRIME) ARE DESCRIBED: THE STATUS OF THE BUSINESSMAN, THE TREND AWAY FROM PUNISHMENT, AND THE RELATIVELY UNORGANIZED RESENTMENT OF THE PUBLIC AGAINST WHITE COLLAR CRIMINALS....ELW