White-Collar Crime


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.

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.


Investment dictionary. . 2012.

Look at other dictionaries:

  • white-collar crime — white collar criminal. any of various crimes, as embezzlement, fraud, or stealing office equipment, committed by business or professional people while working at their occupations. [1945 50] * * * Introduction   crime committed by persons who,… …   Universalium

  • white-collar crime — white collar criminal. any of various crimes, as embezzlement, fraud, or stealing office equipment, committed by business or professional people while working at their occupations. [1945 50] * * * white collar crime noun Crimes entailing… …   Useful english dictionary

  • white-collar crime — ➔ crime * * * white collar crime UK US noun [C or U] LAW, WORKPLACE ► crime in which an office worker or someone in business illegally takes money from their employer or the people they deal with in their business: »A state employee was charged… …   Financial and business terms

  • white-collar crime — A variety of nonviolent financial crimes, generally committed by businesspeople or public officials,involving commercial fraud, consumer fraud, swindles, insider trading on the stock market, embezzlement, bribery, or other dishonest schemes.… …   Law dictionary

  • white–collar crime — white–col·lar crime / hwīt kä lər / n: crime that is committed by salaried professional workers or persons in business and that usu. involves a form of financial theft or fraud (as in securities dealing) Merriam Webster’s Dictionary of Law.… …   Law dictionary

  • white collar crime — n.    a generic term for crimes involving commercial fraud, cheating consumers, swindles, insider trading on the stock market, embezzlement and other forms of dishonest business schemes. The term comes from the out of date assumption that… …   Law dictionary

  • white-collar crime — ☆ white collar crime n. a crime, as fraud, embezzlement, etc., committed by a person in business, government, or a profession in the course of occupational activities …   English World dictionary

  • White-collar crime — Within the field of criminology, white collar crime or incorporated governance has been defined by Edwin Sutherland as a crime committed by a person of respectability and high social status in the course of his occupation (1949). Sutherland was a …   Wikipedia

  • white-collar crime — A term introduced by Edwin Sutherland in the 1940s in order to draw attention to the illegalities and misdeeds of ‘captains of industry’ and other middle class members of the business world (see his’White Collar Criminality’, American… …   Dictionary of sociology

  • white-collar crime — /waɪt kɒlə ˈkraɪm/ (say wuyt koluh kruym) noun crime such as tax evasion, embezzlement, etc., committed by people in administrative, professional, or clerical positions, who take advantage of their knowledge or position: *Pouring police resources …   Australian English dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.