A white-collar crime is one that is done for financial benefit and is hence non-violent. Many crimes, such subordinate money laundering, can be cited as instances of white-collar crimes. White-collar crime can encompass serious offenses. For example, fraud or bribery at the highest levels of government are examples of white-collar crime.
It is difficult to say whether white-collar crime is on the rise because statistics are rarely kept on this type of activity. What is known is that it has always been a problem and some studies have shown that it is becoming more common. For example, one study conducted by the FBI found that accountants were the most likely profession to be involved in white-collar crime. Others have reported similar results from other surveys and investigations.
Some experts believe that white-collar crime is on the rise because many forms of traditional crime now have easy access to credit cards and other forms of payment technology. For example, hackers can use these technologies to steal information from businesses or individuals, and use it for their own purposes (such as creating counterfeit credit cards).
Another reason some experts believe that white-collar crime is on the rise is because of the growing gap between rich and poor. There are people who commit white-collar crimes to obtain money to invest back into their businesses or buy assets such as homes.
White-collar crime is often nonviolent in character and encompasses, to mention a few examples, public corruption, health care fraud, mortgage fraud, securities fraud, and money laundering. Although these offenses do not involve violence as such, they can cause serious damage to the victim. For example, health care fraud has been estimated to cost the health care system hundreds of millions of dollars annually.
Yes, fraud is a type of white-collar crime. In fact, it is probably the most common type of white-collar crime. The key difference between fraud and other white-collar crimes is intent. Fraud requires proof that someone acted with intent to deceive others for personal gain or otherwise harm the public trust. Other white-collar crimes require only that the defendant have acted with intent to benefit himself or herself or another party. For example, bribery requires payment of a bribe to influence an official act; obstruction of justice involves trying to cover up evidence of a crime; and tax evasion requires merely failing to pay one's taxes.
Fraud can be defined as the intentional misuse of authority over oneself or others to obtain something valuable. Under Florida law, fraud can be either actual or constructive.
White-collar crime today refers to any types of financial crime committed by corporate and government officials. These types of crimes are distinguished by deception, concealment, and breach of trust, and they do not need the use of physical force or violence. Instead, they rely on sophisticated business practices, ethics violations, and mistakes made by ordinary people.
Some examples of white-collar crime include embezzlement, fraud, forgery, bribery, theft, misuse of authority, and violation of privacy laws.
These acts can be done by an individual or group, for profit or not for profit, within or outside the country. Generally, the victim is one person or a society at large. The perpetrator often enjoys a high level of access to information or authority and uses this position to commit the crime.
Because these crimes rely so much on secret schemes and dishonesty, they are very difficult to prosecute. However, certain measures can be taken to prevent future crimes of this nature. For example, employees of companies that suffer from embezzlement or other white-collar crimes should have their permission to hold positions of authority revoked by their employer. Further, legislation has been passed in many countries requiring businesses to have internal security systems in place to prevent people with malicious intentions from gaining access to important information.
Finally, citizens should know their rights when it comes to white-collar crime.