In 1939, Professor Edwin Sutherland coined the term white-collar crime, and this term has become synonymous with all types of frauds committed by government and business professionals. This type of crime is defined as a crime committed by someone who has a high social status or is respected in the field of his or her occupation. With this older definition in mind, white-collar crime will intersect with corporate crime because there is such a high opportunity for fraud, embezzlement, forgery, insider trading, and computer crime for employees in white-collar jobs.
The modern definition for white-collar crime rejects this limitation and now divides the definition up by the type of offense, type of offender, and by organizational culture. The FBI has narrowly defined white-collar crime as illegal acts that are characterized by violation of trust, concealment, or deceit that doesn’t depend on the threat of physical violence.
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