What is a white collar crime?

2 answers:

4 0

It refers to financially motivated non violent crimecommitted by business and government professionals.

Svet_ta [14]3 years ago

3 0

White collar crimes are explained below.

Explanation:

White collar crimes are the crimes committed by businessmen and government officials, or people with power. People committing white collar crimes are often respectable and reputed in the society. Such crimes may include:

Money Laundering
Wage Theft
Bribery
Insider Trading
Identity Theft
Ponzi Schemes
Forgery
Cyber crime
Labor Racketeering, etc

These are the financially motivated non violent crimes. People committing white collar crimes often make use of their power, position, and status to avoid the punishment on such crimes. These are very dangerous crimes as they stumble the roots of a society.

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