What is a White Collar Crime?

Sunday, September 1st, 2013

White collar crimes usually involve fraud or some other nonviolent way of illegally gaining money from a company.  There are numerous schemes that have been reported in the past and have been defined as a white collar crime.

White collar crimes can happen anywhere and can include computer fraud, counterfeiting, credit card fraud, cell phone fraud, bank fraud, embezzlement, insider trading, insurance fraud, tax evasion, welfare fraud, and healthcare fraud.  These are just a few examples of the many types of white collar crimes that can (and do) take place everyday.  Someone is always looking for a way to make easy money without working for it.  Fraud has been around for centuries and has only become more advanced with the explosion of technology.  Most white collar criminals do not look like a criminal at all; in fact, it’s quite the opposite.  They are usually high level employees in a company that take advantage of their position in the company because they don’t have many, if anyone, to report to.  A common and unfortunate example of a white collar crime is computer fraud.  Computer fraud is when someone hacks into a website or any other source on the internet to obtain personal information from someone such as credit card information, bank information, or any other important and private information.  In some cases, it may be an inside job of an employee at a company that houses that important information for customers.  It can also come from an outside job from someone completely unrelated to the company.  It is still considered white collar because of the nonviolent act of crime.

When a company or individual suspects a white collar crime, the first and most important step is contacting a highly experienced lawyer that specifically offers white collar crime services.  It’s a very serious situation and should not be taken lightly.