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White-Collar Crime: Definition, Types, Comparison

Ponzi Scheme

White-Collar Crime: Definition, Types, Comparison

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  • White-collar crimes are generally non-violent crimes committed for financial gain.
  • White-collar crimes often employ complicated tactics that either obscure operations entirely or make them appear legal.
  • The FBI estimates that white-collar crimes cost its victims $300 billion each year.

A low-ball estimate of the impact of white-collar crime on its victims places damages at $300 billion annually, compared to the $16 billion that street crime costs. With technological advancements in the finance world, such as decentralized finance (DeFi) and the adoption of cryptocurrency, fighting white-collar crime becomes increasingly difficult. 

What is white-collar crime?

White-collar crime describes crimes that relate to money. White-collar crimes are…

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