White Collar Crimes
White collar crime refers to a body of crimes committed by business people, entrepreneurs, public officials, and professionals through deception, usually in order to obtain large quantities of money. Thus, any financial crime is typically classified as a white collar crime. Examples of white-collar crimes include:
- Corporate Crimes
- embezzlement
- false statements
- money laundering
- Fraud
- Telemarketing schemes
- Securities and Commodities law violations
- Environmental law violations
- Antitrust Violations
- RICO (racketeering)
- Obstruction of Justice
- perjury
- bribery
- extortion
White collar crimes can be prosecuted at either the state or federal level, or both, depending on which jurisdiction's law has been violated. Penalties vary, but some cases can result in large fines, restitution, and anywhere from 10-30 years imprisonment.