What is the difference between a statutory and common law crime?

The difference between a statutory and common law crime lies in how the laws are created. A statutory crime is created by a statue or law passed by a governmental body, such as a legislature. This type of law defines what is considered a crime and the associated punishments that come with their commission. On the other hand, a common law crime is a crime that has been developed by judges through prior court rulings. Common law crimes are usually determined based on previous court decisions and can be updated as new situations arise. In Virginia, certain white-collar crimes can be classified as both statutory and common law crimes. For example, fraud, which is a form of white collar crime, can be a statutory or a common law crime. Fraud can be prosecuted according to statues and laws made by legislatures, or by relying on previous court rulings and decisions. Overall, the difference between a statutory and common law crime is how they are created. Statutory crimes are created by a legislature, while common law crimes are created by judges through court decisions. In Virginia, certain white collar crimes can be classified as both types of crimes.

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