Question

Identify and describe a white-collar crime that is a property crime. What makes it different than the more traditional property crimes of robbery, burglary, and theft?  

Answer 1

Answer:-

White collar crimes are those crimes which are committed by persons with a good social status or having a upper level occupation that generally required them to wear a shirt and a white collared shirt. Some people called this as paper crimes. They are non violent crimes and committed in a business setting.

Examples of white collar crimes are:

• Wire fraud
• Insider trading
• Forgery
• Property crimes

White collar property crime can be tax evasion while transferring propeety. It means filing tax reforms with wrong information to illegally transferring property so as to avoid tax obligations. Some individuals and big businessman commit criminal tax evasion.

Difference between traditional property crimes and white collar property crimes-

There are two types of crime- White collar and blue collar crimes. Traditional property crimes are under blue collar crimes.

Blue collar crimes are generally done by those in a lower social class. These crimes cause injury to people or property. While blue collar crimes are done by higher social class people, there is no injury or loss to property involved in this.

Examples of Blue collar crimes are:

• Burglary
• Property crimes
• Theft crimes
• Assault
• Drug crimes

Examples of white collar crimes are:

• Wire fraud
• Insider trading
• Forgery
• Property crimes