White-Collar Crime


DEFINITION of 'White-Collar Crime '

A non-violent crime that is committed by someone, typically for financial gain. The typical white-collar criminal is an office worker, business manager, fund manager or executive. Forensic accountants, auditors and whistle blowers identify and report white-collar crimes. Entities that investigate white-collar crimes include the FBI, Securities and Exchange Commission and the National Association of Securities Dealers. Examples of convicted white-collar criminals include Kenneth Lay, Bernard Madoff and Bernard Ebbers.

BREAKING DOWN 'White-Collar Crime '

Examples of white-collar crimes include securities fraud (the misrepresentation of investment information), embezzlement (misuse of funds), corporate fraud (dishonest and/or illegal actions by a company employee or executive) and money laundering (giving criminally-obtained funds the appearance of having a legitimate source). White collar crime is punishable by fine, imprisonment or both.

  1. Money Laundering

    Money laundering is the process of creating the appearance that ...
  2. Black Box Accounting

    The use of complex bookkeeping methodology in order to make interpreting ...
  3. Corporate Fraud

    Activities undertaken by an individual or company that are done ...
  4. Business Crime Insurance

    An insurance policy that companies purchase to ensure protection ...
  5. Securities Fraud

    A type of serious white-collar crime in which a person or company, ...
  6. Cook The Books

    A buzzword describing fraudulent activities performed by corporations ...
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