How is white collar crime defined?

White collar crime is a term used to describe non-violent but illegal activities committed by people in a professional setting. It generally involves sophisticated deceit, fraud, and the abuse of power in order to obtain money, property, or services. In Virginia, white collar crime is defined as any violation of criminal law in which the person accused is a business or corporate executive, public official, professional, or other person of trust or high status. White collar crimes can be either felonies or misdemeanors depending on the severity of the offense. Examples of white collar crime in Virginia include embezzlement, identity theft, fraud, money laundering, computer crime, and bribery. These crimes often involve multiple participants and large sums of money, which can make them difficult to investigate and prosecute. Individuals who are convicted of white collar crime in Virginia may face significant punishments. Depending on the severity of the offense, punishments can vary from fines to imprisonment. Additionally, a person convicted of white collar crime could face public humiliation due to the nature of the crime and the damage it can cause to the reputation of the individual and their business. The Virginia State Council of Higher Education has taken steps to prevent white collar crime by creating guidelines for corporate executives and public officials. By establishing clear policies and procedures, it is hoped that white collar crime can be reduced and held to a minimum.

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How is white collar crime defined?

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