NCJ Number
174877
Journal
Journal of Financial Crime Volume: 5 Issue: 1 Dated: August 1997 Pages: 58-65
Date Published
1997
Length
8 pages
Annotation
This article reviews fraud and corruption at high levels in many countries.
Abstract
Most of the literature on fraud and corruption concentrates on acts committed at the lower level, by laypersons. Seldom do researchers write on fraud and corruption at a higher level, by politicians. However, political fraud and corruption around the world is inexhaustible: Marcos in the Philippines, the Moi regime in Kenya, Ceausescu in Romania, and the ruling elite in China, to cite just a few examples. The phenomenon is not unique to developing countries. The former Christian Democratic Party in Italy collapsed because corruption was too rampant. In Britain's Pergau Dam affair, monetary aid was given to developing countries in return for arms deals. Similar accounts of fraud and corruption can be documented regarding high officials in Spain and the United States. In addition to the danger of the "globalization and internationalization of fraud and corruption" where leaders collaborate and conspire to defraud citizens of their own countries, there is also the danger of an "imperialism in international fraud" when a few governments cooperate to defraud other governments. Tables, references