White collar crime refers to the socio-economic status of the person committing the crime. A person from the middle or upper classes commits a white collar crime basically because of his origin. However, if the crime is violent in nature, still it is likely not considered a white collar crime. The white collar crime is a less punishable offense, than for example a mugging where violence is threatened. However, white collar crimes like the stealing of company funds, embezzlement, may ultimately harm more people. If funds are irrecoverable, a white collar criminal might theoretically steal all the savings of people who depend upon those savings in order to live. The white collar criminal has caused more damage by his actions than the mugger, when the money cannot be recovered. However, the mugger is possible to receive a stiffer sentence.
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White Collar Crime Definition
A white collar crime is a non-violent act involving deception, normally committed by a business person or public official. In view of the fact that white collar crime tends to occur among those of higher socio-economic standing, an advantage is gained. Generally, Evidence in a white collar crime involves a "paper trail," of evidence that investigators use to prosecute the case. White-collar crime can be prosecuted by states or the federal government. Federal law covers a wide range of criminal misconduct. The federal criminal justice system is better suited to deal with white-collar crimes on a large scale, cases where the crimes have an interstate, national, or international scope. The Federal Bureau of Investigation (FBI), Department of Justice, U.S. attorney general, and other federal agencies have extensive investigative and prosecuting powers to bring white-collar criminals to the justice.
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