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S E C T I O N II Understanding WhiteCollar Crime Definitions, Extent, and Consequences S ecti on Hi g h l i g h ts WhiteCollar Crime: An Evolving Concept Modern Conceptualizations of WhiteCollar Crime.

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Intent – The defendant must intentionally commit an unlawful, wrongful act. Disguise and concealment – The defendant hides or conceals their criminal activity. Knowledge – The defendant must have known that they committed the crime. Reliance – The plaintiff or victim relied on the defendant's fraudulent act or scheme.

White-collar crime has been defined recently as the use of a significant position of power for illegal gain that results in damage or harm to victims as measured by financial loss, physical harm, and damage to the community's moral climate.

White-collar crime is a nonviolent crime of deceit or concealment to obtain or avoid losing money or to gain a personal or business advantage. Securities fraud, embezzlement, corporate fraud, and money laundering are white-collar crimes.

These crimes are not violent, but they are not victimless. White-collar crimes can destroy a company, wipe out a person's life savings, cost investors billions of dollars, and erode the public's trust in institutions.

Sutherland's research on white-collar crime is based on his own differential association theory. This learning theory of deviance focuses on how individuals learn to become criminals . Differential association theory assumes that criminal behavior is learned in interaction with other persons.

Public awareness of and concern about white collar crime have surged, particularly in response to toxic dumping, insider trading, political influence peddling, and fraudulent practices in the legal and medical professions.

Applying a criminal law definition to white- collar crime, white-collar crimes are those criminally illegal acts committed during the course of one's job. Here are a few examples: An accountant embezzles funds from his employer.

Types of White-Collar Crime Fraud. Fraud is a broad term that encompasses several different schemes used to defraud people of their money. ... Insider trading. ... Ponzi scheme. ... Identity theft and other cybercrimes. ... Embezzlement. ... Counterfeiting. ... Money laundering. ... Espionage.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232