What is a white collar crime?

“White collar” is a term used to describe crimes that are associated with the business world and/or financial crimes. The term is an outdated reference to businessmen who used to wear white shirts to work. But the laws are not outdated and the penalties if convicted of a white collar crime can be severe.

White collar crimes usually refer to offenses such as embezzlement, insider trading, or scheme to defraud. Ponzi schemes are also a form of white collar crime. White collar crimes are committed in an attempt to gain more money for the person committing the crime. The amounts of money taken are usually very large and the crimes are usually committed over a long period of time.

Posted in: White Collar Crimes