For personal or corporate gain if someone committees a crime by taking advantage of their occupations, economic, social and technological power is a white-collar crime. White-collar crimes are nonviolent in nature. In 1939, the term white-collar was coined by an American criminologist Edwin Sutherland. At the time of Sutherland, white-collar crime was committed by high-ranking professional, businessperson, and politicians. Now, with the development of technology and commerce, cybercrime, intellectual property crimes, health-care fraud, conspiracy, embezzlement, obstruction of justice, money laundering, perjury, bribery, tax crimes, antitrust violations and regulatory violations are included in it. You can consult with Elliott Sauter if you are in any kind of white collar crime related problems.
White-collar crime for a corporate interest for serving the financial side of the corporate collectively or organized way is known as corporate crime. It is also seen that conduction of corporate crime happens by bogus entities which pose as legitimate corporations or partnerships. As the corporate cannot be incarcerated, they still can be fined,and other sanctions can be implied on them as a punishment.
Characteristics which are Common
You by now should have understood that the white collar crimes can be in many ways, but there are some characteristics which bind them together. Deceit and concealment are used instead of violence or force to make gain financially.
Typically white collar crimes involve abuse of aposition of trust and power. Corporate offices which pay money to drive their competitors out of the competition, public officials taking bribes are indulging in such abuse. The hard part is that white collar crimes are harder to detect compared to other crimes because those crimes don’t show up immediately after they have happened, they take time to float. Also, white collar crimes are done such a way that it is covered up nicely and in a sophisticated manner.
The most common white collar crime
The most common part of thewhite-collar crime is fraud. By this process, the con frauds people financially with false promises and representations. One of the more common scams involves the telemarketing where they misrepresent the schemes and values, the services they are selling, the goods they are selling or the term of the sale.
Perjury, false statement, obstruction of justice, and witness tampering with the witness are also white collar crimes. These crimes though don’t get thedirect financial benefit, but still, they are colliding with thefree and fair functioning of the justice system.
It is better for you if in any case you are in trouble with white collar crime, you should get legal help from white collar crime attorneys or white collar lawyers, who should be experienced and expert in the field.