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What is white collar crime and give two examples?

What is white collar crime and give two examples?

Business   Operations-Management   
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Answer #1

White collar crime refers to the crime that is commiteed by people in business and government professionals for money.

Examples:-

  • Embezzlement is nothing but the act by which the assets are suppressed by a person who is entitled for the responsibility over those assets. Accounting embezzlement is a common form of crime where the accounting records are manipulated in order to cover the theft of fund.

  • Bribery is payments or gifts given to someone to get information related to government action which can provide business advantage.

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