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NCJRS Abstract

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NCJ Number: 66049 Find in a Library
Title: CORPORATE CRIME AND PUNISHMENT (FROM CRIME AND DELINQUENCY IN CANADA, 1979, BY EDWARD W VAZ AND ABDUL Q LODHI - SEE NCJ-66046)
Author(s): C H GOFF; C E REASONS
Corporate Author: Prentice-Hall Canada, Inc
Marketing Director
Canada
Date Published: 1979
Page Count: 36
Sponsoring Agency: Prentice-Hall Canada, Inc
Scarborouth, Ontario M1P 2J7, Canada
Format: Document
Language: English
Country: Canada
Annotation: THE NATURE AND SCOPE OF CORPORATE CRIME IN CANADA ARE EXAMINED; THE WORK OF THE COMBINES ENFORCEMENT AGENCY IS ASSESSED.
Abstract: FROM 1950 TO 1972, 158 DECISIONS WERE MADE AGAINST 50 OF THE LARGEST CANADIAN CORPORATIONS. THREE-FIFTHS OF THE DECISIONS HAVE BEEN MADE AGAINST COMBINATIONS; 15 PERCENT, AGAINST MISLEADING PRICE ADVERTISING; AND ALMOST 13 PERCENT, AGAINST MERGERS. BOTH THE TOTAL NUMBER AND THE PERCENTAGE OF DECISIONS CONCERNED WITH LARGE CORPORATIONS HAVE STEADILY DECREASED OVER THIS PERIOD, ALTHOUGH THE TOTAL NUMBER OF DECISIONS AGAINST ALL CORPORATIONS INCREASED. SINCE 1923, WHEN MERGERS AS SUCH BECAME VIOLATIONS UNDER THE NEW COMBINES LEGISLATION, ONLY .003 PERCENT OF THE MERGERS HAVE BEEN CHARGED AS VIOLATIONS OF THE COMBINES LAWS. HOWEVER, A GREAT NUMBER OF MERGERS HAS TAKEN PLACE; THE RESULT HAS BEEN THE CREATION OF GREATLY CONCENTRATED INDUSTRIAL SECTORS. MOREOVER, THE EXPENDITURES AND STAFFING OF THE COMBINES BRANCH HAVE NOT GROWN AS FAST AS HAVE THE ECONOMY AND OTHER PARTS OF THE GOVERNMENT. THE FEDERAL GOVERNMENT HAS PROTECTED THE GROWTH OF THE LARGEST CANADIAN CORPORATION, WHILE FOCUSING ITS EFFORTS ON SMALL AND MEDIUM-SIZED COMPANIES. DIFFICULTY IN OBTAINING EVIDENCE HAMPERS PROSECUTION, AND PENALTIES ARE AN INSUFFICIENT DETERRENT. MUCH NEEDS TO BE DONE IF CORPORATIONS ARE NOT TO BE REGARDED AS ABOVE THE LAW. THE EVIDENCE INDICATES COLLUSION BETWEEN GOVERNMENT AND INDUSTRY TO CONTROL THE COUNTRY'S ECONOMIC LIFE. TABLES, NOTES, AND A REFERENCE LIST ARE INCLUDED. (CFW)
Index Term(s): Antitrust offenses; Canada; Prosecutorial discretion; White collar crime
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=66049

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