White Collar Crime Definition is Crimes committed by white-collar workers are usually nonviolent and aimed at gaining financial gain. A crime of this type involves gaining or losing money. Many trusts are violated, deceptions are perpetrated, and fraud is committed.

The following are some white-collar crime examples:

• Misappropriation of funds: Using money or resources entrusted to you for personal use instead of their intended purpose, such as an employee taking company funds for themselves.
• Stocks and commodities: Involves illegal activities like insider trading, where someone buys or sells stocks based on confidential information.
• Fraud: Deceptive practices to gain money or property, like lying to steal someone’s money or assets.
• Public Corruption: When government officials misuse their power for personal gain, such as accepting bribes or engaging in illegal activities.
• Health Care Fraud: Includes overcharging for medical services, billing for services not rendered, or falsifying medical records to receive more money.
• Mortgage Fraud: Falsifying information to get a mortgage loan, such as providing false income or property details to secure a loan.
• Laundering of money: The process of making illegally gained money appear legitimate, often by moving it through complex transactions or businesses.
• Fraudulent bank transactions: Illegal activities involving deception at banks, such as using fake documents or false information to withdraw money or apply for loans.
• Medical fraud: Committing fraudulent acts in healthcare, such as billing for treatments not provided or inflating medical expenses.
• Embezzlement: Stealing money or assets that have been entrusted to you, often by employees or managers who misuse company funds.
• Fraudulent mortgage transactions: Deceptively inflating the value of property or providing false information to obtain a mortgage.
• Electoral law violation: Breaking laws related to elections, like voter fraud, tampering with ballots, or bribing voters to influence election outcomes.
• Evading taxes: Deliberately avoiding paying taxes by underreporting income, hiding assets, or using fake deductions.
• Antitrust violations: Breaking laws that promote fair competition, such as price-fixing, monopolizing a market, or other unfair business practices.
• Insurance fraud: Making false claims to an insurance company, such as inflating damages or staging accidents to receive money.
• Cell phone fraud: Deceptively obtaining mobile phones or services, often by falsifying information or using stolen identities to get contracts or phones.