White Collar Crime Analysis

The white-collar crime is one that is financially motivated and is non-violent. The crime is committed by the government and business professionals. According to Edwin Sutherland, white-collar crime is committed by the individuals of high social and respectable status, in their occupations. Edwin Sutherland was the first sociologist to define white-collar crime. The white-collar kinds of crime include copyright infringement, fraud, money laundering, insider trading, cybercrime, forgery, Ponzi schemes, identity theft, and embezzlement. There are numerous cases of white-collar crimes in the United States that result in the justice system intervention. The majority of these criminals experience hefty punishment for the crimes. Arguably, they receive severe punishment than any other kinds of crime. The punishment has a warning element to other offenders who may want to take part in white-collar crimes. Although these crimes do not include violence, it damages the economy. Some of the well-known white-collar criminals include Bernard Madoff, Christian Allmendinger,
The first definition is by the type of offense. The type of offense could be corporate, economic, property crime, and the safety law violations. Also, some crimes are possible due to the identity of the offender (Benson & Simpson, 2015). For example, the transnational money laundering had to be done by an expert in the bank. For this reason, the FBI have adopted an approach that defines the white-collar crime that is characterized by deceit, violation of trust and concealment but do not include threats or force. Notably, the white-collar crimes are relatively persuasive and do not collect data on the socioeconomic status of the offender (Benson & Simpson, 2015). Consequently, the research and evaluation of the crime has been problematic. Therefore, the white-collar crime is classified about the type of