What is white-collar crime?

White-collar crime is best defined as non-violent crime committed for financial gain through deceit. This type of crime typically occurs in business or professional contexts, where individuals exploit their positions of trust and authority to engage in fraudulent activities. Examples include embezzlement, insider trading, tax evasion, and various forms of fraud that target consumers, investors, or regulatory bodies.

The distinguishing feature of white-collar crime is that it does not involve physical violence or the threat of violence; instead, it relies on manipulation, deception, and breach of trust. This definition captures the essence of white-collar crime and emphasizes its financial motivations, setting it apart from other types of crime that may involve direct harm to individuals or property.