How is white-collar crime characterized?

White-collar crime is characterized as non-violent and financially motivated offenses typically committed by individuals in business or professional settings. This type of crime is often executed through deceitful practices for financial gain, such as fraud, embezzlement, insider trading, and money laundering. The individuals involved generally hold positions of trust or authority and exploit that trust to carry out their illicit activities.

This distinction is essential, as white-collar crimes differ significantly from violent crimes, which involve harm or the threat of harm to individuals. Additionally, white-collar crime is not confined to non-profit organizations or petty crimes associated with marginalized groups. Understanding the nature of white-collar crime highlights the complex relationship between crime and socio-economic status, revealing how seemingly legitimate business practices can conceal illegal activities that have significant impacts on individuals and the economy.