What are examples of white collar crime?

White collar crime is any type of illegal activity that is financially motivated and typically involves business or governmental organizations. Examples of white collar crime in Virginia include embezzlement, fraud, bribery and insider trading. Embezzlement is the act of stealing funds or property that has been entrusted to you. This type of crime could involve a bank employee stealing money from customers or an underhanded accountant making fraudulent entries on the books. Fraud is the intentional misrepresentation of facts to deceive another person in order to gain a benefit or an advantage. This could take the form of identity theft, insurance fraud, or falsifying documents in order to receive a loan. Bribery is the offering, receiving, or soliciting of an item of value in exchange for favorable action. A bribery scheme could involve giving money or other items of value to a government official in exchange for a favorable contract or permit. Insider trading is the use of confidential information, such as the sale of a company or potential merger, to purchase or sell securities. This type of crime often involves corporate executives or members of the board of directors selling their company’s stock before the public learns of an impending event. White collar crime can have devastating effects on individuals, businesses, and the economy. It is important to be aware of these crimes and take the necessary steps to protect yourself and your assets.

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What are examples of white collar crime?

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