What is the difference between racketeering and white collar crime?

White collar crime and racketeering are both criminal activities but differ in several ways. White collar crime is generally considered any crime committed to obtain financial gain. This can include a range of activities such as embezzlement, fraud, insider trading, and cybercrime. Many times, white collar crimes are committed by businesses or individuals in a position of trust. It is often difficult to prove that a white collar crime has occurred. This makes it harder for prosecutors to build a case and bring a successful conviction. Racketeering, on the other hand, is considered a type of organized crime. It involves a person or a group of people using illegal activities to generate income. In New Jersey, the state has specific laws to combat racketeering. For example, the state has a Racketeering Influenced and Corrupt Organizations (RICO) Act which makes it illegal to engage in a pattern of racketeering activity. The crime of racketeering is typically easier to prove than white collar crime since it is often connected to other illegal activities. Overall, white collar crime and racketeering are both serious offenses and can result in fines and jail time in New Jersey. The main difference between the two is that white collar crime is typically committed by individuals or businesses in positions of trust while racketeering is an organized crime usually related to other criminal activity.

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What is the difference between racketeering and white collar crime?

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