News Update on Financial Crimes Research: May – 2019

Financial Gatekeepers and Investor Protection: Evidence from Criminal Background Checks

We examine whether or not money advisors with pre‐advisor criminal records cause a larger risk to investors than those while not. we discover that money advisors with pre‐advisor criminal records are a lot of possible to receive future client complaints. Their complaints are a lot of possible to receive arbitration awards or settlements and are more likely to involve giant settlements extraordinary $100,000. Finally, shoppers are a lot of possible to suffer service disruptions from partaking advisors with pre‐advisor criminal records, even progressive to the securities firm being high‐risk. though we tend to don’t have performance information of individual advisors, mutual funds of these corporations that use advisors with criminal records don’t give their shoppers with superior returns nor charge lower fees, suggesting that there aren’t compensating edges to offset the capitalist hurt. Overall, pre‐advisor listing is a vital ex ante characteristic accessible to regulators, investors, and employers for risk‐assessment functions. [1]

The bifurcation of the Nigerian cybercriminals: Narratives of the Economic and Financial Crimes Commission (EFCC) agents

While this text sets bent advance our information concerning the characteristics of Nigerian cybercriminals (Yahoo-Boys), it’s additionally the primary study to explore the narratives of the Economic and money Crimes Commission (EFCC) officers regarding them. It appraises symbolic interactionist insights to think about the ways in which within which discourse factors and worldview could facilitate to illuminate officers’ narratives of cybercriminals and therefore the interpretations and implications of such accounts. Semi-structured interviews of forty frontline EFCC officers shaped the empirical basis of this study and were subjected to a directed approach of qualitative content analysis. whereas previous studies, as an example, indicated that solely a gaggle of cybercriminals deploy religious and magic powers to swindle victims (i.e. modus operandi), our knowledge analysis extended this classification into a lot of refined levels involving multiple options. specifically, analysis bifurcates cybercriminals and their operations supported 3 factors: educational-attainment, modus-operandi, and networks-collaborators. Results additionally recommend that these cybercriminals and their operations are embedded in “masculinity-and-material-wealth”. These contributions so have implications for a variety of typically accepted viewpoints concerning these cybercriminals antecedently taken-for-granted. Since these criminals have victims everywhere the globe, insights from our study could facilitate varied native and international agencies [a] to know the actions/features of those 2 teams of cybercriminals higher and develop more practical response methods. [b] to know the vulnerabilities of their victims higher and develop a lot of adequate support schemes. we tend to additionally contemplate the restrictions of group action agents’ narratives on criminals. [2]

Women and White-Collar Crime

Women and white-collar  crime may be a topic that has, overall, received very little attention within the literature. Initially, ladies were omitted from discussion and analysis due to their lack of participation, tho’ some early statement centered on victimization. once king Joan Sutherland 1st histrion public and tutorial attention to white-collar  crimes, few ladies were utilized in positions that were contributing to commit elite crimes associated with occupations or professions. in keeping with Joan Sutherland, white-collar  crime concerned professional men in positions of trust. From 1939 till the Seventies, work on white-collar  offenders and offenses was male-centric, including each learned researchers WHO were exploring the subject and males committing the bulk of crimes. firms and revered professionals, not women, were conferred with a mess of opportunities to have interaction in white-collar  crimes with very little or no serious consequences. Primarily male company executives, politicians, and medical professionals committed white-collar  crimes that enclosed, as an example, activities like value fixing, trading, bribery, insurance fraud, and Ponzi schemes.

Women, WHO lacked chance outside the personal sphere of the house, were less concerned in crime overall and definitely were in no position to commit white-collar  offenses. within the Forties and Nineteen Fifties, feminine crime was sometimes viewed as promiscuous, aberrant, and male-like behavior. Eventually, within the mid-1970s as a lot of ladies captive into the general public sphere seeking employment, early predictions by feminine students instructed that Associate in Nursing increased  involvement in white-collar  crime was inevitable. the categories of crimes committed by ladies, as noted by pioneering feminine students, were possible to expand on the far side harlotry, check kiting, and thieving to white-collar  offenses as opportunities became more and more out there within the public sphere. Gender difference in most criminal endeavors continues to exist and newer debates continue concerning the role of girls in white-collar  crime. [3]

Competitive dynamics between criminals and law enforcement explains the super-linear scaling of crime in cities

While cities are the engine for innovation and growth for several millennia, they need additionally endured disproportionately a lot of crime than smaller cities. equally to alternative urban social science quantities, like financial gain, gross domestic product (GDP) and variety of granted patents, it’s been ascertained that crime scales super-linearly with town size. The default assumption is that super-linear scaling of crime, like alternative urban attributes, derives from agglomerate effects (that is, increasing returns from probably a lot of productive connections among criminals). However, crime initiation seems to be generated linearly with the population of a town, and therefore the variety of enforcement officers scales sublinearly with town population. we tend to theorise that the ascertained scaling exponent for internet crime during a town is that the results of competitive  dynamics between criminals and enforcement, every with totally different scaling exponents, and wherever criminals win within the drawing. we tend to propose an easy propelling model ready to accommodate these empirical observations, further because the potential multiple scaling regimes rising from the competitive dynamics between crime and enforcement. Our model is additionally general enough to be ready to properly account for crime in universities, wherever university crime doesn’t scale super-linearly, however linearly with incoming size. [4]

Satirizing the Nigerian Climate: Multimodal Discourse Analysis of Selected Political Cartoons from TELL Newsmagazine

The study identifies the multimodal discourse options of chosen cartoons from TELL newsmagazine. It analyses the options of multimodal discourse within the cartoons, discusses the manners of their readying within the cartoons and relates the options to the contexts during which they were applied. These are finished a read to discovering their meant implicating messages, particularly within the visual pictures. The study employs each primary and secondary knowledge. the first knowledge are drawn from cartoons of TELL newsmagazine in African nation, whereas the secondary knowledge are obtained from books, journal articles and therefore the net. the info are analysed exploitation the frameworks of Multimodal Discourse Analysis (MDA) as explicated by Gunther Kress and Theo Van Leeuwen 2001. The paper concludes that the cartoons are deployed to boost simple understanding and comprehension of the messages on sensitive political problems. [5]


[1] Law, K.K. and Mills, L.F., 2019. Financial gatekeepers and investor protection: Evidence from criminal background checks. Journal of Accounting Research57(2), pp.491-543. (Web Link)

[2] Lazarus, S. and Okolorie, G.U., 2019. The Bifurcation of the Nigerian Cybercriminals: Narratives of the Economic and Financial Crimes Commission (EFCC) Agents. Telematics and Informatics. (Web Link)

[3] Dodge, M., 2019. Women and white-collar crime. In Oxford Research Encyclopedia of Criminology and Criminal Justice. (Web Link)

[4] Competitive dynamics between criminals and law enforcement explains the super-linear scaling of crime in cities

Soumya Banerjee Pascal Van HentenryckManuel Cebrian

Palgrave Communications volume1, Article number: 15022 (2015) (Web Link)

[5] Kayode Samuel, A. (2017) “Satirizing the Nigerian Climate: Multimodal Discourse Analysis of Selected Political Cartoons from TELL Newsmagazine”, Asian Research Journal of Arts & Social Sciences, 3(4), pp. 1-10. doi: 10.9734/ARJASS/2017/33327. (Web Link)

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