White Collars Crime

The very word “crime,” is what makes us think about violence and we come across the pictures of dead bodies or casualties with victims being dragged in the darkness and the convict being given serious punishments. But crime has many types some are serious while some are less in case of giving punishment. The most dangerous one is violent crime. But there is one crime which comes clean that is the crime which is high-flying corporate officials inexpensive custom suits says Miya Griggs. They commit certain frauds to elaborate they manipulate corporate schemes for financial gain. These are the crime which looks clean but are equally guilty of nonviolent and are equally serious crimes. This is what is called the “white collar crimes which are being done by the corporates. 

The major white-collar crimes which are done by the corporate include manipulations like insider trading, antitrust violations, simulation, intellectual property theft, and credit card fraud. These frauds look clean but can heavily disturb the people who are being associated with this violence.

Some of the General Forms of White Collar Crimes:

Under mentioned are few of the types of white collar crimes, which are quite common:

Corporate Fraud:

One of the most common ones is corporate fraud, which is the usual case and is seen in majority of the cases. These corporate frauds include the falsification of commercial knowledge. Insider trading is also a part of it and schemes planned to cover corporate fraud activities says Attorney Miya Griggs. Also, they try to conceal the fraud done which is a bigger fraud. They try and prevent regulating bodies from conducting their inquiries.

Embezzlement:

Inappropriate use of position is what Embezzlement is, it is a fraud of trust. An example of such crime is when a person entrusted by an organization or another person to manage money or property accepts their position for their own use.

Extortion:

Next up is the Extortion, it is when a person compels an institution or another character into giving up business, money, or services. This involves blackmailing like forcing the store owners to pay “protection” money says Miya Griggs. This is all done to get out the information that is confidential by blackmailing the other. It is all done to potentially harm someone’s reputation.

Bankruptcy Fraud:

The last one which is quite famous is the fraud done by corporate by misleading others that they are bankrupt. This is usually done by persons who are burdened by insurmountable debt. They get through this phase by filing for bankruptcy. But the relief that they get is at someone else cost that is at the expense of creditors. So this is basically deliberately hiding the property when choosing out bankruptcy paperwork. And in this case, the culprit is being accused of bankruptcy fraud.

Originally Posted: https://attorneymiyagriggs.wordpress.com/2020/06/04/white-collars-crime/