White collar crimes include things like lying, cheating and stealing from
others. Basically, these crimes are financial in nature; they are based
in fraud. Although no one actually gets physically injured in a case of
fraud, that’s not to say there isn’t a victim or even multiple victims.
There are many kinds of fraud that can be classified under the umbrella
term “white collar crime.” For example, insurance fraud, identify
theft and mortgage fraud can all be types of white collar crimes. Others
may include piracy, securities fraud and financial institution fraud.
With white collar crimes, it’s possible that the
fraud is something as easy as taking a few cents per transaction and putting
them into a foreign bank account for personal use, using someone’s
credit card without permission, or selling an item you don’t intend
If you’re accused of participating in a white collar crime, it’s
important that you stand up for yourself immediately. These crimes are
recognized at the federal level in most cases, and that means that you
could be facing time in prison and excessive fines.
It’s possible for a person to be involved in a white collar crime
without the knowledge that he is participating or causing harm to other
people. For instance, a secretary simply following orders may not know
he’s destroying evidence that the courts would be looking for. In
that kind of case, it’s important for the secretary to make it clear
that he was an unintentional accomplice; in some ways, he would also be
a victim himself because of being used by the people committing the fraud.
Source: Federal Bureau of Investigation, “White-Collar Crime,” accessed March 18, 2016