White-collar crime in the shadow economy : lack of detection, investigation and conviction compared to social security fraud
Autor
Petter Gottschalk, Petter
Gunnesdal, Lars
Institución
Resumen
Our starting point is our database of those who annually are
convicted of white-collar crime in Norway. Convicts commit financial
crime amounting to 1 billion Norwegian Kroner (NOK) annually—the tip
of the iceberg. Our calculations suggest that the iceberg may be more than
ten times bigger than what is visible. White-collar crime competes with
other kinds of financial crime for police resources. For example, white-
collar crime competes with social security fraud for financial crime investi-
gations, the latter receiving a lot more public scrutiny. We make a
comparison with previous estimates of social security fraud in Norway.
While social security fraud is estimated to cause economic damage totaling
10 billion NOK annually, white-collar crime probably causes total damage
of 12 billion NOK.