MANAGEMENT

Detailed explanation-1: -White-collar crime, in other words, corporate crime, is a definition given to financially motivated but non-violent crimes committed by individuals, government professionals, and businesses.

Detailed explanation-2: -White-collar crime is generally non-violent in nature and includes public corruption, health care fraud, mortgage fraud, securities fraud, and money laundering, to name a few.

Detailed explanation-3: -Tax evasion, embezzlement of company funds, and the sale of fictitious insurance plans are just a few examples of financial crimes, while money laundering, credit card fraud, and check fraud are all instances of financial sector crimes. Most white collar crimes are classified as financial or financial sector crimes.

Detailed explanation-4: -Classifying White-Collar Crime An example of an individual white-collar crime is a Ponzi scheme, such as the one run by Bernie Madoff. Other individual crimes in this category include identity theft, hacking, counterfeiting, and any of dozens of fraud schemes.

Detailed explanation-5: -The term “white-collar crime” refers to financially motivated, nonviolent or non-directly violent crime committed by individuals, businesses and government professionals.