What is the difference between white-collar crime and white-collar crime?

The main difference between white-collar crime and white-collar crime is that white-collar crime is usually committed for personal gain, while white-collar crime is committed for the benefit of the company.

Both white-collar crime and white-collar crime are non-violent crimes that involve financial gain. There is some overlap between white-collar crime and white-collar crime, but we largely view white-collar crime as a type of white-collar crime.

Key areas covered

1. What is white -collar crime - definition, characteristics 2. What is white -collar crime - definition, characteristics 3. Difference between white-collar crime and white -collar crime - comparison of the main differences

key terms

White-collar crime, Nonviolent crime, White-collar crime

Difference Between White Collar Crime and White Collar Crime - Comparative Summary

What is a white-collar crime?

White-collar crimes are nonviolent crimes that people commit for financial reasons. The FBI (Federal Bureau of Investigation) describes white-collar crime as "characterized by deception, cover-up or breach of trust ". The main motivation behind such crimes is to obtain or avoid money, property, or services, or to gain personal or business advantage. In addition, crimes such as embezzlement, money laundering, securities fraud and corporate fraud are examples of white-collar crime.

Compare white-collar crime and white-collar crime

While white-collar crime is non-violent, it is not victimless crime. Such a crime can destroy a business, wipe out a person's savings, or cost investors millions of dollars. Their effects can be devastating.

In addition, the term white-collar crime is said to have been coined in 1939 by the sociologist Edwin Sutherland, who described it as "a crime committed by a decent person of high social status during their professional activity". Additionally, white collar has historically referred to office and management jobs. These were positions that required shirt and tie wearing that did not require workers to get their hands dirty.

What is corporate crime?

Corporate crime is a type of white-collar crime committed by individuals in the course of their legitimate pursuits for the benefit of their business. It can also refer to crimes committed by a company. Here we consider society as a separate legal entity from the people who direct its activities.

White-collar crime vs. white-collar crime

Typically, when individuals commit a crime on their behalf or for the benefit of their company, they do not consider themselves criminals or consider their activities to be criminal. These common corporate crimes include market manipulation, insider trading, bribery, forging financial statements, and making false claims. Regardless of the perpetrator's intent, such activities are illegal and criminal. In addition, people who commit corporate crimes sometimes fail to realize that their actions are against the law. In most cases, the employing company would also indirectly approve of the criminal behavior. In addition, a company that is guilty of white-collar crime may face hefty fines.

Difference between white-collar crime and white-collar crime

definition

White-collar crime is a non-violent crime committed by a person for the purpose of financial gain, while white-collar crime is a type of white-collar crime committed by individuals in their legitimate occupations for the benefit of their businesses.

intention

The motivation behind white-collar crime is financial gain, typically personal, while the motivation behind corporate crime is the benefit of the company.

punishment

In addition, individuals are punished for economic crimes; they face imprisonment and heavy fines as well as the withdrawal of their work permit. However, white-collar crime charges are usually brought against a company, not an individual. The company may have to pay heavy fines.

diploma

White-collar crime is a non-violent crime committed by a person for the purpose of financial gain, while white-collar crime is a type of white-collar crime committed by individuals in their legitimate occupations for the benefit of their businesses. The main difference between white-collar crime and white-collar crime is that white-collar crime is usually committed for personal gain, while white-collar crime is committed for the benefit of the company.

Reference:

1. " White-collar crime ". FBI, May 3, 2016. 2. “ Corporate Crime ”. Encyclopdia Britannica, Encyclopædia Britannica, Inc.

Image courtesy:

1. " Person, handover, banknote, euro, banknote, handshake, transaction, people, handshake, fifty " (CC0) via Pxfuel2. " Fraud " by Nick Youngson (CC BY-SA 3.0) via Blue Diamond Gallery

About the author: Hasa

Hasa holds a BA in English, French and Translation Studies. She is currently reading for a Masters in English. Her areas of interest include literature, language, linguistics and also food.