White Collar Crime - Explained
What is White Collar Crime?
Written by J. Mance Gordon
Updated at April 21st, 2024
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What is White-Collar Crime?
White-collar crime characterizes crimes by criminals of high socioeconomic status or individuals who hold high-ranking, professional positions, such as corporate executives.
More broadly, it includes any offense that occurs in a business or professional setting. These crimes can either be for personal gain or with the purpose of harming or benefiting the business.
- Note: Unlike individuals, corporations cannot be put into jail. Corporations can, however, be fined and face other criminal penalties, such as involuntary dissolution.
- Example: White-collar crimes includes: embezzling money, making electronic advances to a fictitious employee, and accepting kickbacks from suppliers.
Examples of White Collar Crime
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