“We are devoting far less resources to combating crooks like myself today than back in my day,” he said.
- The U.S. government is losing the war against white collar crime, CNN.com, November 17, 2017.
3. White collar crime is a broad term that covers many different areas, and its possible many people commit these sorts of crimes without knowing how serious they are. When most of us think hear “white collar crime,” the phrase calls to mind CEOs and investment bankers. But in reality, these types of crimes can be committed by anyone – from politicians to small business owners.
Generally speaking, white collar crimes are non-violent crimes committed solely for financial gain. Usually the perpetrator is taking advantage of their occupation’s elevated status – something that allowed them privileged access to information or resources.
One of the most common places that incidents of these crimes occur is on the internet. In fact, most internet crimes are white collar by definition, since they do not involve violence and tend to be financially motivated. Additionally, the fact that we turn to computers and the internet for everything these days has meant that crimes that were previously committed away from a computer (such as insider trading and fraud) now happen largely on the internet – at least in part. Any crime committed on the internet is referred to as a cyber crime.
White collar, internet-related crime may seem more innocent than something like assault, since these type of crimes are non-violent and do not occur on the street. Law enforcement treats Internet crime the same way they treat any other crime, however – with steep fines and possible incarceration. Many white collar crimes occur on the internet every day. Here are some examples you may not be aware are illegal under state and federal laws:
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