How is white collar crime defined?

White collar crimes are non-violent criminal acts committed for financial gain. This type of criminal activity is usually committed by business people, government and corporate officials, or other high-level professionals. The crimes are typically motivated by greed, as the perpetrators are often seeking financial gain above all else. In South Dakota, white collar crime is defined as any illegal act or omission that is committed in the course of, or for the purpose of, any business or commercial transaction. This includes activities such as fraud, embezzlement, bribery, and money laundering. Additionally, any violations of securities laws may also fall into this category. White collar crimes are often referred to as “victimless” crimes, as they do not directly involve victims or physical harm. However, these crimes can have serious economic repercussions, especially if a significant amount of money has been misappropriated. In South Dakota, offenders convicted of white collar crimes may be punished with hefty fines, restitution, or incarceration, depending on the severity of the crime.

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How is white collar crime defined?

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