What are examples of white collar crime?
White collar crime is a term used to describe certain types of crime committed by people in business and government. White collar crime is typically committed by people in positions of trust or power in order to gain personal or professional benefit. In Oregon, some examples of white collar crime include fraud, money laundering, embezzlement, bribery, insider trading, cybercrime, identity theft, forgery, and tax evasion. Fraud can involve using false statements or misrepresenations to take advantage of someone or to gain financially. Money laundering is the process of concealing the source of illegally obtained money. Embezzlement is the illegal taking of money or property for personal gain. Bribery is offering, promising, or giving something of value to influence a person’s behavior. Insider trading is when someone in a position of trust takes advantage of their access to confidential information to make financial gains in the stock market. Cybercrime is the use of computers to commit crimes such as identity theft and fraud. Identity theft is when someone steals someone else’s personal information for financial gain. Forgery is when someone alters or falsifies a document for fraudulent purposes. Tax evasion is intentionally underreporting or omitting income for personal gain. White collar crimes can have serious consequences if convicted, such as significant fines, probation, or prison time. It’s important to understand the laws surrounding white collar crime in Oregon in order to avoid becoming a victim or committing a crime.
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