What Does White Collar Crime Mean?

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Learn More About White Collar Crime

When it comes to crime and different types that are present in the world there are cases where a  white collar crime is put on the forefront when it occurs yet there are many times that it can be swept under the rug. This type of crime can be widespread and be just as prevalent in the world at large in comparison to more regular crimes. Yet a white collar crime can probably prove more dangerous as it can affect many people and impact their livelihoods. It’s therefore important to stay afloat of what can occur with a white collar crime in order to not fall victim to it. As of such, here is some information to be aware of that may prove insightful. If you have committed a white collar crime make sure to reach out to the necessary legal avenues for assistance.

What is blue collar and white collar crime?

Blue collar crime donates a crime committed by those in a lower social class while white collar crime signifies crimes made by those of the upper social class.

Is White Collar Crime deviant or criminal?

A white collar crime is an area that holds a unique place in criminology as it can affect society which is atypical in comparison to other types of criminal offenses. Its definition itself alludes to the relationship the perpetrator has to opportunity, status, and access.

How serious is white collar crime?

A white collar crime can get pretty serious even if it’s not physically violent. You can see cases of money laundering, security fraud, public corruptions to name a few. As this type of crime is in the socio-economic sphere it can impact businesses as well as the livelihood of others.

How White Collar Crime Affects Society

As white collar crime is done in businesses it’s no wonder that the economic impact is larger than ordinary tiers of crimes. What’s more, the victims of a white collar crime can have their livelihoods and mode of income affected, in some cases, some may be out of jobs. Sociologists, in particular, have also emphasized that the impact on society is more harmful as those who commit a white collar crime are in higher positions of power than the average citizen. Their example of morality and responsibility can be more influential to the world at large in a negative way.

What is the most common white collar crime?

The most common white collar crime includes cases of bribery, tax evasion, identity theft, embezzlement, and mortgage broker fraud.

Who commits white collar crime?

A white collar crime is most typically done with a higher percentage of the middle class, middle-aged, employed Caucasian men in their late thirties to mid-forties. 

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What are white collar crime examples?

  • Forgery
  • Fraud
  • Wage Theft
  • Identity Theft
  • Bribery
  • Cybercrime
  • Ponzi Schemes
  • Money Laundering
  • Labor Racketeering
  • Copyright Infringement
  • Insider Trading
  • Embezzlement

How does white collar crime affect the economy?

A white collar crime depending on the level and where it has taken place can affect the economy in a way that is often unfair to those who were not in on the scheme.  Employees, for example, can bear the weight of consequences if money was lost by not having a job or in other cases their working conditions can become unsafe. Consumers in certain cases can be impacted by the spread of dangerous products and the greater community can even be impacted by pollution.

Are white collar crimes felonies?

Most white collar crimes are considered to be felonies as they tend to be larger in scale and impact many people. However, in cases where small amounts of money or minor victimless criminal acts have been made then a misdemeanor charge might be placed.

What is punishment for white collar crime?

Punishments for a white collar crime can range in severity as is similar to any type of crime. Depending on what has been done some can include community confinement, fines, forfeitures, home detention, restitution, imprisonment, supervised release and paying the cost of prosecution. When at least one victim has received substantial financial harm than Federal Sentencing Guidelines suggest longer prison sentences.

Contact A Professional For Help With A White Collar Crime

If you or someone you know has committed a white collar crime get in touch with a professional for assistance. Just like paving in Austin, TX the process of getting through the legal process with a white collar crime will be tenuous and specific. Await trial out of jail with bail bonds in Austin, TX, there are always avenues to take to assist you with cases of white collar crime as well as with others. Be sure to get in touch with an appropriate legal representative for better clarification of steps that need to be taken moving forward.

If you need help with a white collar crime in Austin, TX call 512-834-2245 with ATX Bail Bonds!