Consumers trust manufacturers and companies selling products to deliver safe, high-quality items. White-collar crime can destroy trust, reputation, and in some cases, even lives. When a company knowingly puts out a defective product that may cause harm, this is a form of white-collar crime. This form of crime is not victimless, and it can even lead to injury or even death. White-collar crime can alter your life forever.
Some businesses and corporations will cut corners to produce products or to achieve their goals quicker. In these cases, they know that a product is defective and has the potential to injure consumers. Some companies will choose to cut corners because they believe the effect on the lives of consumers will be minimal compared to their gain. However, though the results may be minimal for a company, they can be massive for you.
Ford Pinto Fuel Tanks
One of the best-known examples of the cost of cutting corners is the Ford Pinto fuel tanks. In the 1970s, Ford produced and sold cars with a gas tank that they knew had the potential to leak gas and create a severe risk of fire. This defect caused consumers injury and resulted in some deaths. Ford had discovered the potentially fatal design error in safety testing and still chose to release the vehicle rather than fix the mistake because it would have cost the company more money. You can read more about the Ford Pinto fuel tanks here.
Although the Ford Pinto fuel tank crisis occurred several years ago, many companies still choose to cut corners and potentially endanger the lives of their consumers. When consumers buy a product, they never expect that it may harm them or cause their lives to change forever. Corporations disregard the lives of their customers when they release products that may hurt their consumers. This type of disrespect for consumer life should not go unnoticed.
Here at Raynes Erickson, we fight for justice. Although a company may think it can get away with cutting corners, there are punishments set in place for these types of crimes. If you or a loved one has been impacted by white-collar crime and companies that have cut corners, contact us. We can help you learn more about your options and the rights you are entitled to.