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Tip of the iceberg in white-collar crime convictions: lack of detection or lack of prosecution

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  • Petter Gottschalk
  • Lars Gunnesdal

Abstract

Based on the research method of expert elicitation, the tip of the iceberg in white-collar crime in Norway is estimated at 10%. We know that the magnitude of convicted white-collar crime is 696 million Norwegian kroner (approximately $87 million). Given that these convicts only represent 10% of the estimated offender population, the total magnitude of white-collar crime in Norway is 6.96 billion Norwegian kroner (approximately $870 million). With a population of 5 million inhabitants as compared to the USA with 321 million inhabitants, the equivalent of $870 million detected in Norway would be $56 billion in the USA. Lack of detection is the main reason for the size of the iceberg under the water, followed by lack of investigation, lack of prosecution, and lack of conviction.

Suggested Citation

  • Petter Gottschalk & Lars Gunnesdal, 2017. "Tip of the iceberg in white-collar crime convictions: lack of detection or lack of prosecution," International Journal of Business Continuity and Risk Management, Inderscience Enterprises Ltd, vol. 7(2), pages 113-126.
    • Handle: RePEc:ids:ijbcrm:v:7:y:2017:i:2:p:113-126
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