What is the difference between racketeering and white collar crime?

Racketeering and white collar crime are both illegal activities and often involve similar amounts of money or resources. However, there are some important differences between the two. Racketeering is typically seen as a more organized and sophisticated crime and usually involves two or more people working together to carry out a criminal activity. This illegal activity is often associated with organized crime networks, such as the mafia. The goal of racketeering is usually to gain financial gain through schemes such as fraud, extortion, bribery and money laundering. White collar crime, on the other hand, does not typically involve as much organization or people working together. Instead, it is typically carried out by a single person or a smaller group, such as corporate officers or employees. White collar crime often includes activities such as financial fraud, insider trading, and tax evasion. These crimes are typically focused on achieving financial gain for the perpetrator, rather than any group or organization. White collar crime is often seen as a less serious crime than racketeering and is generally punished more leniently than other types of crime. In California, white collar crimes are often charged as misdemeanors and punishments can include fines, community service, and no more than a year of jail time. Racketeering, however, is viewed as a much more serious crime and punishments can be more severe.

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What is the difference between racketeering and white collar crime?

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