What is White Collar Crime?

• Steven Topazio wrote this April 29, 2024 at 3:26 pm

What is White Collar Crime? 

White Collar Crime refers to non-violent crimes typically committed by individuals or organizations in business or professional settings, often involving deceit, fraud, or violation of trust for financial gain. White Collar Crimes are usually characterized by concealment, manipulation, or abuse of positions of power, rather than physical force or violence.

Examples of white collar crimes include:

Fraud: This can involve schemes like securities fraud, mortgage fraud, healthcare fraud, or insurance fraud.

Embezzlement: Misappropriation of funds by someone entrusted with them, such as an employee stealing from their employer.

Insider Trading: Illegally trading stocks based on non-public information.
Bribery: Offering or accepting something of value to influence the actions of a public official or business person.

Money Laundering: Concealing the origins of illegally obtained money.

Forgery: Falsifying documents or signatures for financial gain.

White collar crimes often have significant financial impacts and can involve complex investigations due to their sophisticated nature. Penalties for white-collar crimes can include fines, restitution, and imprisonment, depending on the severity and circumstances of the offense.

Interested in learning more about White Collar Crime? Contact Attorney Steven Topazio for a free consultation.