How is organized crime related to white collar crime?

Organized crime and white collar crime are both types of illegal activity, and they can overlap in certain ways. White collar crime usually involves some type of financial or business related fraud or deception, while organized crime involves illegal activities, such as extortion or drug trafficking, usually run by a criminal organization. Although the two types of crimes are different, they can be related in a variety of ways. Organized crime can provide the opportunity and infrastructure needed to commit white collar crime. For example, money laundering is often a component in white collar crime and it requires resources that organized crime gangs can provide. The gangs may also provide protection or support for the white collar crime, such as providing transportation or storing stolen goods. In addition, white collar crime can provide the money that organized crime gangs need to operate their illegal activities. As a result, organized crime gangs are often involved in white collar crime, such as embezzlement or tax evasion, to generate large sums of money to fund their operations. Organized crime and white collar crime are usually considered separate matters, but they are often linked due to their mutual dependence on one another. By understanding the connection between them, law enforcement can more effectively focus their efforts in curbing both organized and white collar crime in Tennessee.

Related FAQs

How do asset protection strategies help defend against white collar crime allegations?
How is wire fraud committed?
What is the difference between insider trading and market manipulation?
What is the difference between bribery and extortion?
What is the difference between private and public fraud?
What are the penalties for foreclosure fraud?
What is the difference between an acquittal and a conviction?
Can white collar crime be prosecuted in state courts?
What is the difference between a federal and a state white collar crime?
How is corruption of public office committed?

How is organized crime related to white collar crime?

Related FAQs

Related Blog Posts