Many people look at white collar crime and immediately assume it is nowhere near as serious as those in which a person is physically harmed. However, nothing could be further from the truth.
FindLaw describes and defines white collar crime as follows:
"White collar crime can describe a wide variety of crimes, but they all typically involve crime committed through deceit and motivated by financial gain."
This may not have anything to do with physical harm, but it can definitely impact the victim.
There are many types of white collar crime, including but not limited to: fraud, tax evasion, embezzlement and money laundering.
Securities fraud, for example, has been in the forefront over the past few years, thanks in large part to a few high profile cases.
FindLaw goes on to describe this crime as follows:
"Another type of securities fraud is when someone seeks investment in a company by knowingly misstating the company's prospects, health or finances."
Just the same as any type of crime, there is gray area when it comes to white collar crimes. For example, it may appear that a person attempted to knowingly defraud the government, such as through a tax scam, but there could be a good reason why they made a mistake.
Anybody who is accused of a white collar crime should take the time to learn more about the crime, including possible consequences. Furthermore, it can be helpful to determine if the authorities made any mistakes. Often, one mistake can make a person appear guilty, when in all actuality, he or she is innocent.
Source: FindLaw, "White Collar Crime" accessed Feb. 23, 2015