...are never prosecuted or punished. In fact white collar crimes are a part of the capitalistic way of doing business and the general attitude is that it isn't a crime unless you get caught.
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White-collar crimes cost the United States more than $300 billion annually according to the FBI.
White-collar crimes are fraud, bankruptcy fraud, bribery, insider trading, embezzlement, computer crime, medical crime, public corruption, identity theft, environmental crime, pension fund crime, RICO crimes, consumer fraud, occupational crime, securities fraud, financial fraud, and forgery. The tools of the trade are paperwork or through the computer. performed by using paperwork or computers .White collar crimes go largely undetected.
In 1939 Edwin H. Sutherland (1893–1950), a sociologist of the symbolic interactionist school, first used the phrase white-collar criminal in a December 27, 1939 speech to the American Sociological Association. In his 1949, he defined white-collar crime as "approximately as a crime committed by a person of respectability and high social status in the course of his occupation." <more>
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