How is white collar crime defined?

White collar crime is a type of illegal activity that typically occurs in a business or professional setting and involves the use of deception for financial gain. It is generally associated with activities such as fraud, embezzlement, insider trading, kickbacks, or bribery. These activities are often committed by people in positions of authority or influence and tend to be more sophisticated than traditional forms of crime. In New Mexico, white collar crime is defined in the state statutes as any crime that involves fraud, deceit, or dishonesty for financial gain. This includes, but is not limited to, identity theft, counterfeiting, forgery, computer fraud, securities fraud, insurance fraud, tax fraud, and all types of money laundering. The consequences for a conviction of white collar crime can be quite serious. Depending on the circumstances, offenders may face imprisonment, fines and restitution, as well as removal from their offices or positions. In some cases, defendants may also be required to forfeit property or assets related to the crime. White collar crime is a serious issue that should not be taken lightly. It is up to every person, including government officials, business owners, and individuals, to ensure that these types of criminal activities do not take place. This includes reporting suspected white collar crimes or any other illegal activity to the proper authorities.

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