white collar crime

White collar crime, depicted here by handcuffs over bundles of cash, are financially motivated offences that result in severe financial losses for individuals and businesses. Earlier this month, the American Bar Association held its 40^th National Institute on White Collar Crime. This is the nation’s leading event for professionals in the enforcement and defense of white collar crimes. Among the highlights of this year’s event were discussions on healthcare fraud, digital currency-related crimes, and environmental crimes. But what exactly is white collar crime?

White collar crime is defined as financially motivated, non-violent crimes committed to gain an advantage or to avoid the loss of money or property. Common perpetrators include individuals entrusted with overseeing the funds of a business or organization.

The list of offenses that constitute white collar crime ranges from writing bad checks to committing cybercrimes, such as hacking or phishing schemes.

Continue reading →