In this video, we discuss what is White-collar Crimes, their types, examples and how you can identify white-collar crimes.
What are White-collar crimes?
White-collar crimes are aimed at getting financial benefits and are perpetrated by individuals who hold a respectable position or social status in our societies, such as government employees—company CEOs and Directors etc.
What are the types of white-collar crimes?
– Corporate frauds- where perpetrators use deception and forging in financial information or accounts.
– Embezzlement- a kind of theft that can range from an employee taking out a few dollars from the cash drawer of his employer to transfer of millions into his or her own account.
– Ponzi Scheme- Now, the Ponzi scheme is an investment scam, where investors are offered extremely high returns with almost no risks.
Further, we look at some interesting data and examples related to white-collar crimes and let you in on two crucial ways to spot white-collar crimes.
So, watch the video till the very end!
For more details, make, refer to our article at: https://www.wallstreetmojo.com/white-collar-crime/
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