The relationship between victims, offenders, regulators, and the finance system can be described in the way they either trust or distrust each other. There are people who are defrauded through mismanagement on the construction of trust in their financial investments. These people diversify the risks caused by financial crimes or mismanagement using complex and perceptions of distrust or trust that are influenced by the experience they have in victimization. The investors need to choose who to trust because they lack choice on the risks they get exposed to and are forced to trust financial regulators to be protected from harm.
Neglected victims of white-collar crime experience victimization but victims of fraud are not duped, investors. These victims do not trust their employer and the managers of their pension funds making them unable to do without pension schemes in the company and hence coerced to trust regulators who offer protection. In many societies, employers and managers make huge profits by taking advantage of individuals who trust them leading to abuse due to the unbalanced nature of the relationship that exists between superiors and subordinates. For example; an agent might fail to disclose information to individuals who trust them making them not to be in a position to control incentives and selections of the agents.
Neglected victims are the victims who experience worry, self-blame, trauma, and anxiety about their safety for a long time. Unfortunately, there has been less attention on the outcome of the victimization because victims who experience fraud have devastating effects with the intention of undermining the morality of society. Neglected victims are allowed to suffer so that they can promise to give out goods, services, and financial benefits. Individuals are victimized by fraud through fraudulent acts of financial advice and non-existing prizes that make the victims incur costs.
Neglected victims suffer from domestic violence where the offender and the victim are always at the same place where the guardians are not capable. This violence can only be stopped when either the offender or the victim has moved away so that both of them are separated. Fraud victims do not report due to the attitude of the criminal justice system towards the culpability of the victim in the act. Fraud victims are compared to rape victims who are believed to have made a contribution to the incident through involving themselves in enticing behavior and not obeying the rules of preventive behavior. Neglected victims are believed to have failed in taking necessary precautions against fraud perpetrators.
The defense attorney has the obligation of defending the interests of people but he has some limits. For example, there is a limitation in situations where his interests are in conflict with the interests of other defendants and this requires the use of a personal attorney who gives bearing on the suitability of an attorney in the case. The defense attorney should be in a position of representing a defendant in criminal prosecution and takes action for damages. Before a defense attorney can be involved in any case, it is important to discuss with him what is likely to happen and at what time and discuss all the issues to get the solution of what he is going to do so that you can achieve your objective of giving your opinion about the case and know how defense attorney would make the presentation.
There are some people who have the habit of committing serious crimes such as murder or robbery with violence. A defense attorney may not afford to represent such people in their cases and end up phasing out such clients by overcharging them above what is affordable by a potential client or refusing to participate in the case. It may appear difficult to make an ethical argument in such a situation because; when we assume there must be some defendants who are guilty, then at one time defense attorney would defend the guilty defendant. The argument is that crime is a crime even a white-collar crime and deserves legal representation because all immoral actions require adequate defense and defense counsel can not allow some kinds of guilty defendants to be defended but not the others basing on moral transgression.
There is an argument as to whether people who are guilty deserve legal defense. The answer is yes because the defense attorney does not only aim at reducing sentences but also defends the cases basing on merits even if it is a technical case where there is not sufficient evidence and the guilty defendant requires legal defense that is competent. The Justice system for criminals should not be dealt with by people with no experience because it is involved in seeking justice. The truth helps in ensuring that justice is done to all people where the right outcome is very significant.