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White collar crime in the San Francisco Bay Area

From EverybodyWiki Bios & Wiki

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White-collar crime refers to financially motivated, non-violent criminal offenses committed by individuals or organizations in business or professional settings. It typically involves deceit, concealment, or violation of trust for the purpose of obtaining money, property, or personal or business advantage. White-collar crimes encompass a wide range of illegal activities such as fraud, embezzlement, bribery, insider trading, money laundering, tax evasion, and cybercrime. These offenses are characterized by their complex nature, often involving sophisticated schemes and the exploitation of positions of trust or authority. Unlike traditional street crimes, white-collar crimes are committed by individuals from various socioeconomic backgrounds, including those in respected professions or high-ranking positions within corporations or government entities. The term was coined by sociologist Edwin Sutherland in 1939 to describe crimes committed by individuals of high social status and respectability in the course of their occupations. While violent and property crimes are more visible and often receive more public attention, white-collar crimes can have far-reaching and devastating economic consequences for individuals, businesses, and society as a whole.[1][2][3]

References[edit]

  1. "Common White Collar Crimes". National University. 2018-10-22.
  2. "White Collar Crimes Defined by Law". Justia. 2018-04-25.
  3. "White-Collar Crime". LII / Legal Information Institute. 2006-12-20.


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