Money and information
Money and information- MONEY AND TROUBLE-
An analysis of motive within Europe
Wolfgang Stoltzenberg�s business Castor Holdings displayed the illusion of being a very successful company and the large banks of the world continued to lend to Stoltzenberg despite the fact that in reality the business had not made a profit in years. Castor Holdings was a parent company to York-Hannover that was run by Kersten Von Wersebe. Eventually when the banks began to foreclose and call back their loans Stoltzenberg had to file for bankruptcy. It is believed by independent auditors that Wolfgang may have siphoned off as much as 200 million pounds and deposited it over a large number of bank accounts throughout the world. Still lives in Belgravia and as yet no real money has been found or traced to him.
Colombian cartels use corporate criminals in Europe to launder their drug money.
Introduction
The intention of this paper is to highlight the different levels of computer crime in Europe and to examine the various motives involved. One interesting factor, from my point of view, is how the �traditional� organised economic crime has adapted to the worldwide potential of globalisation. Although globalisation has led to the blurring of the distinction between economic crime and organised crime residual elements remain. The global network has made economic crime more lucrative, more anonymous, and therefore less risky. The focus of this essay will be on the part that European countries play in facilitating global computer crime and the role and motivation of corporations and individual actors within a European setting.
In order to present this essay with some element of clarity it is necessary at first to distinguish between the different areas of computer crime that I will be discussing. Crime committed with the aid of computers can be separated into four distinct categories. First of all, crime which is committed by corporate business. This type of crime is committed either for the benefit of the corporation itself, i.e. tax evasion, or the corporation is used as a �front� in order to legitimise or launder �dirty� money. I shall refer to this type of crime as �corporation crime�. The second category is corporate crime on an individual level, i.e. the perpetrator is either defrauding the company that he is working for or he is using the company as a legitimate front with which to defraud other companies. This category will be referred to as �white-collar crime�. The third distinct category of computer crime is independent financial hacking where an individual or gang use a computer to gain access to a separate business or bank and transfer funds to accounts that they control. The fourth category is the information hacker. The individual or group in this context has no interest in financial theft and...
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