What Is "white Collar Crime"

What Is "white Collar Crime"?

Answer (1)

Team Legistify

  • Sector-1, Noida

The term “white collar crime” refers to offenses involving monetary losses occurring in a business, business transactions or government functions. There is no clear definition of what does or doesn’t constitute a "white collar crime." Examples are bank frauds, securities fraud, government procurement contract fraud, income tax evasion, sales, fuel or other tax evasion, mortgage fraud, health care fraud, insurance fraud, and piracy/intellectual property offenses.

Answered on 28 Sep 2018


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