What is the difference between racketeering and white collar crime?

In South Dakota, racketeering and white collar crime are both illegal activities, but they are distinct from one another and involve different penalties. Racketeering is the act of engaging in an illegal business or enterprise for personal or financial gain. These activities are often associated with organized crime groups and can include any type of fraud, extortion, drug trafficking, money laundering, bribery, or embezzlement. These activities are typically carried out in secret and can involve multiple individuals and organizations. The penalties for racketeering can include long prison sentences, heavy fines, and forfeiture of assets. White collar crime is a type of crime that involves the use of deception or fraud to gain financial or personal benefit. While this type of crime can include things like embezzlement or tax fraud, it is generally more subtle than racketeering and involves activities like insider trading, identity theft, or Ponzi schemes. White collar crime is typically seen as less serious than racketeering and usually carries lighter penalties such as probation or fines. In conclusion, while racketeering and white collar crime are both forms of illegal activity, they involve different levels of involvement and consequences. Racketeering often involves organized crime and carries far harsher penalties than white collar crime.

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What is the difference between racketeering and white collar crime?

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