What distinguishes white-collar crimes from other crimes?
Unlike blue-collar crimes, white-collar crimes’ perpetrators are typically salaried individuals in high-powered positions. Furthermore, white-collar crimes are very elaborate and nonviolent in nature. Examples include public corruption, securities fraud, and money laundering.
Are white-collar crimes treated differently?
In general, white collar criminals are treated differently, but the different treatment is aimed at ensuring fairness. White collar criminals are not going to be designated to a facility housing perpetrators of violent crimes. While the nature of the crime is different, the dangers are different as well.
Why do white-collar crimes go unnoticed?
Poor street criminals cannot afford such luxuries. Moreover, the crimes of privileged individuals within the context of either legitimate corporations or government offices frequently go undetected and unprosecuted due to the relative power, status, and political influence of the perpetrators.
Why is white collar crime bad?
White-collar crime can endanger employees through unsafe working conditions, injure consumers because of dangerous products, and cause pollution problems for a community. In addition, researchers have left virtually unexamined the damage to social morals and structures caused by white-collar crimes.
What does the black collar mean?
Black collar – Manual laborers in industries in which workers generally become very dirty, such as mining or oil-drilling; has also been used to describe workers in illegal professions.
How bad are white-collar crimes?
What is the top white collar crime?
Among the most common white collar crimes are the following: Credit card fraud. Insurance fraud. Health care fraud. Bank fraud. Insider trading. Money laundering. government, welfare, mail, and tax fraud.
What are some examples of blue collar crimes?
Crimes against the person, crimes against property, and many forms of victimless crime such as prostitution, gambling and drug abuse are all examples of blue-collar crime.
Who is a victim of white collar crime?
Businesses are the most likely non-person victims of white collar crimes like fraud, counterfeiting and embezzlement, followed by financial institutions and government agencies. The only area of white collar crime in which the number of individual victims exceeds commercial victims is bribery.
What are some examples of white collar criminals?
Most white collar crimes are associated with some type of fraud, often involving a lending institution, such as a bank or insurance agency. Examples of white collar crime include: antitrust fraud, bankruptcy fraud, bribery, computer fraud, credit card fraud, counterfeiting, embezzlement, identity fraud, insider trading,…