Examples of white-collar crimes include securities fraud, embezzlement, corporate fraud, and money laundering. In addition to the FBI, entities that investigate white-collar crime include the Securities and Exchange Commission (SEC), the National Association of Securities Dealers (NASD), and state authorities.

Reportedly coined in 1939, the term white-collar crime is now synonymous with the full range of frauds committed by business and government professionals. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent on the application or threat of physical force or violence.

White collar crimes are criminal acts that are performed by people in the course of business committed for financial gain. Crimes include bribery, extortion, fraud, embezzlement and even cybercrimes.

The victims of white collar crime can be placed in two broad categories: (1) voluntary victims, such as those exploited by swindlers and speculators who promise a ‘fast buck;’ and (2) involuntary victims, who are exploited in routine commercial transactions that compose normalized economic and professional activities.

3 Infamous examples of white-collar crime

1. Charles Ponzi’s schemes. Charles Ponzi did not start out in high society.
2. Bernie Madoff. Around half a century after Charles Ponzi was arrested, Bernie Madoff is considered to have pulled off the largest Ponzi scheme in U.S. history.
3. Enron Corporation.

A Quick Recap Perhaps one of the largest, most publicized cases in the memory of the American public, Martha Stewart was convicted and served time in prison for her role in the insider trading of ImClone stocks just one day before their stock price plummeted.

an action or omission committed by a religious or judicial figure that constitutes an offense that may be prosecuted by the state and is punishable by law. That Priest is guilty of child molestation, which is black collar crime. illegal activities involving or related to religion by religious figures.

Red collar crime is a subgroup of white collar crime in which the perpetrator uses violence to avoid detection or prosecution. The crimes typically consist of forgery, insider trading, fraud, or embezzlement, and are estimated by the FBI to cost U.S. businesses more than $300 billion per year.

Gold-collar – introduced in the early 2000s, this refers to a high skilled multi-disciplinarian or knowledge worker who combines intellectual labor—which is typically white-collar—with the manual labor of blue-collar positions.

White-collar crime is commonly subdivided into two broad, general categories:

• Individual crimes. Individual crimes are financial crimes committed by an individual or a group of individuals.
• Corporate crimes. Some white-collar crime occurs on a corporate level.

Examples of a blue collar crime would be crimes of theft, crimes of violence, street crimes, drug crimes, etc. The opposite is generally true of white collar crimes. It usually involves criminal acts committed by a higher social class, and the acts typically are committed in commercial and business settings.

However, the FBI estimates that white-collar crimes costs the US economy more than $300bn (£228bn) a year, and can have serious impacts of people’s lives. When companies or individuals illegally avoid paying taxes, there is less money for public services such as schools and infrastructure.

Often, white-collar crimes go undetected because it is not clear to the audience that a crime was committed. White-collar crimes make many people a victim at the same time and cause significant financial damage. White-collar crimes can cause great harm to both individuals and organizations.

Although white-collar crimes are different from traditional street crimes like theft or drug dealing, they are still just as severe and as devastating for society. Moreover, there are times when white-collar crimes can be more damaging to society than regular crimes.

White-collar crime is also often more difficult to detect than other types of crime, in part because losses may not be immediately apparent to victims but also because the crimes can involve sophisticated schemes and cover-ups. Many white-collar crimes require concerted criminal activity by coconspirators.

Three characteristics of white-collar crime are particularly important: (1) The offender has legitimate access to the target or victim of the crime on the basis of an occupational position; (2) the offender is spatially separated from the victim; and (3) the offender’s actions have a superficial appearance of legality.

There are over 5,000 arrests for white-collar crime for every 100,000 people in the United States. The typical White-collar criminal is a mid 40s male, married, and likely didn’t commit their first criminal act until their late 30s.

Typically white collar crimes are prosecuted in federal court because usually the nature of the crime is that it crosses state lines. It is easier for federal agencies to prosecute them. Sometimes they involve alleged theft from government agencies, so they are more typically brought in federal court.

Bribery is a white collar crime in which money, a favor or something else of value is promised to, given to, or taken from an individual or corporation in an attempt to sway his or its views, opinions, or decisions.

Almost all white collar crimes are federal crimes, meaning that they are handled by the federal government. The government has the power to sanction both individuals and corporations for these offenses, and will be very thorough when prosecuting these types of crimes.

White collar crimes stand in contrast to blue-collar street crimes include arson, burglary, theft, assault, rape, and vandalism.

But the FBI has adopted the narrow approach, defining white-collar crime as “those illegal acts which are characterized by deceit, concealment, or violation of trust and which are not dependent upon the application or threat of physical force or violence” (1989, 3).

In criminology, blue-collar crime is any crime committed by an individual from a lower social class as opposed to white-collar crime which is associated with crime committed by someone of a higher-level social class.

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