White Collar Crime: An Overview

With the growing technology and massive corporations which are custodians to huge resources public as well as private the growth in white collar crimes is also witnessed. Though white-collar crimes are popularly known as victimless crimes because of their impersonal and non-tangible nature, it can be a harbinger of huge losses to economy and public confidence. Seeing the kind of effect white collar crime can have on an economy and public it becomes increasingly important to understand the crime in an exhaustive manner. The paper tries to analyses white collar crime, its conflicting definitions from different perspectives. After which the writer throws some light on the role of an organization in acting as a catalyst for fulfillment of motive of the criminal. The writer also discussed about the impact of white-collar crime and how it is different from its traditional counterpart and the penal provisions which are added in solving white collar crimes. Along with these types of white-collar crime and those recent cases related to white collar crimes are discussed. It is not just important to understand white collar crime but also find ways to curb growing nuisance relating to the crime the paper discusses measures which can be used to reduce white collar crime.