White-collar crime is a financially motivated, nonviolent crime committed for illegal monetary gain. Within the field of criminology, white-collar crime initially was defined by sociologist Edwin Sutherland in 1939 as "a crime committed by a person of respectability and high social status in the course of his occupation". Sutherland was a proponent of symbolic interactionism and believed that criminal behavior was learned from interpersonal interactions. White-collar crime is similar to corporate crime as white-collar employees are more likely to commit fraud, bribery, Ponzi schemes, insider trading, embezzlement, cybercrime, copyright infringement, money laundering, identity theft, and forgery.
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... Additionally, employees of a company can become victims of white-collar crime ... their jobs if their employer is charged with a white-collar crime such as fraud or embezzlement, incurs losses, and declares bankruptcy ...
Famous quotes containing the word crime:
“It does make a big difference, it is why Robin Hood lives,
crime if you know the reason if you know the motive
if you can understand the character if it is not a
normal one is not interesting a crime in itself is
not interesting it is only there and when it is there
everybody has to take notice of it. It is important
in that way but in every other way it is not
—Gertrude Stein (18741946)