What Are White Collar Crimes ?
| White collar crimes are usually crimes that are committed by affluent people. They use deception for financial gains and this deception does not involve any kind of violence. The people who commit white collar crimes are usually public officials, business people, professionals or entrepreneur. |
The main aim of the crime is to siphon money through complicated financial transactions. More...
White Collar Crimes Vs Street Crime
The notion that most people possess is that all of crimes taking place in the society always occur on the street. However, this is not true. While crimes involving knives and guns do occur in the streets of our cities and towns, there are other crimes that occur in a non-violent manner. Such crimes are usually committed for financial gain and are termed as white collar crimes. More...
Examples Of White Collar Crimes
Crimes that are committed in a professional or business setting are referred to as white collar crimes. Usually, the main objective of such a crime is financial gain by causing loss to another party. These crimes are non-violent, but have the potential to cause a lot of financial damage to the victims. White collar crimes are considered felonies and the penalty can range from a hefty fine, jail time, or both. In some cases, other penalties may also be levied based on the gravity of the crime. Some examples of white collar crimes are highlighted below. More...
Types Of White Collar Crimes
Any crime which is executed by people of social repute, people who are prominent public figures and committed using deceit with the main intention of financial gain is termed as ‘White Collar crime’. This involves deception and dishonesty rather than violence or force. White collar was a term coined to denote jobs handled by executives in organizations since they were believed to be dressed in white shirts and ties. More...
Punishment For White Collar Crimes
White collar crime is a criminal offence which scares most defendants since the penalties levied are heavy. The insecurity of their future after leading a good lifestyle and probable conversion of the offence as a civil lawsuit makes the consequences worse when convicted. These lawsuits can be filed by offended victims, state or federal government. The sentence post civil case will be in addition to those awarded on criminal charges. More...
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White Collar Crimes Vs Street Crime , What Are White Collar Crimes
