How is white collar crime defined?

White collar crime is defined as a nonviolent crime that involves the use of deception, fraud, or manipulation to obtain financial gain. It is usually committed by white-collar professionals, such as lawyers, doctors, accountants, CEOs, politicians, and other high-ranking people in a company or institution. In California, white collar crimes may include corporate fraud, embezzlement, racketeering, financial institution fraud, health care fraud, bribery, tax evasion, and money laundering. American courts have different definitions of white collar crimes, but they typically involve financial schemes that involve false statements or fraud. White collar crime victims can suffer significant financial losses and experience emotional distress due to the deception or manipulation of the offender. Additionally, businesses and organizations may experience a decrease in profits and trust in their customers. To combat white collar crime, California and federal prosecutors have implemented many criminal laws designed to deter and punish those involved in such activities. For example, California has the White Collar Crime Control Act of 1984, which helps law enforcement investigate and prosecute individuals who engage in high-tech or white collar crime. In California, individuals found guilty of white collar crimes may face imprisonment, fines, and other penalties. Additionally, white collar criminals may be ordered to pay restitution to victims. White collar criminals may also be barred from certain kinds of work, such as those that involve the handling of funds or a position of trust.

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How is white collar crime defined?

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